3758

1854-O 50C Arrows NGC MS65

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,500.00 USD Estimated At:5,000.00 - 7,500.00 USD
1854-O 50C Arrows NGC MS65
Original toning. By 1850, the massive flows of gold from California had depressed the prices of that metal, and made silver more valuable by comparison. Hence, all silver coins disappeared from circulation as they were worth more than face value. Depositors gave little silver to the mints for coinage, and there were no denominations in circulation between the cent and gold dollar. Something had to be done, so in 1853 Congress reduced the amount of silver for minor denominations, in order to reflect the market value of silver as compared to gold. On the half dollar, the weight was reduced from 206.25 grains to 192 grains, and Mint Director George Eckert ordered quick changes to the dies so the entire design did not have to be changed. Arrows were added at the date in 1853-55 to signify the change. A frosty Gem with resplendent surfaces and a nice, if not quite powerful strike. (#6280)<p><i>The Gonzaga Collection</i>