2053

1853 25C Arrows and Rays MS65 NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1853 25C Arrows and Rays MS65 NGC.
1853 25C Arrows and Rays MS65 NGC. At the time, silver and gold coins were not effectively circulating within the United States because the coins' intrinsic value was worth more than its face value. It was an important issue and the subject of much debate in Congress when a weight reduction was proposed to facilitate circulation of silver coinage. The weight of the Quarter was only reduced from 6.68 grams to 6.22 grams, but it was thought that the general public needed to be alerted to this weight change. As a result, the Quarters and Halves struck in 1853 on reduced-weight planchets had arrowheads placed on each side of the date on the obverse, and a halo of rays around the eagle on the reverse. An enormous number of coins were produced: more than 15 million pieces from 119 obverse and 120 reverse dies. As a result, lower grade examples are relatively easy to locate. However, solid Gems such as this piece are very scarce. Only 31 Gems have thus far been certified by NGC, with 10 pieces finer (11/03). Unlike many Uncirculated Arrows and Rays Halves, this piece has untoned surfaces. Soft, frosted mint luster rolls around each side as the coin is slowly rotated beneath a light. Well struck, the surfaces are exceptionally clean with the only disturbances being a couple of microscopic marks on the obverse. Heavy metal flow is seen around the margins. Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.