393

Lot 393 - 1854 Liberty Seated Quarter Dollar. Arrows PCGS MS65

Currency:USD Category:Coins & Paper Money Start Price:2,250.00 USD Estimated At:4,500.00 - 5,500.00 USD
Lot 393 - 1854 Liberty Seated Quarter Dollar. Arrows PCGS MS65
1854 Liberty Seated Quarter Dollar. Arrows. The unprecedented amount of gold unearthed during the California Gold Rush sparked a boom in mining throughout the world. From 1850 through 1875, more gold was discovered than in the previous 350 years, upsetting monetary systems everywhere. Almost immediately, the flood of newly mined metal distorted the existing ratio between gold and silver prices. To insure continued use of silver coins in commerce, the government reduced the weight somewhat in 1853, adding arrows to the sides of the date that year and in 1854-55 to differentiate these from the earlier "old tenor" silver. The silvery hue reciprocates between levels of frost and satin-texture on this handsome 1854. Lustrous and well struck with rocking-fresh surfaces, the acquisition of natural russet gold patina merely enhances the beauty that already forms a firm foundation for this coin's MS65 grade. (#5432)<p><i>The Franklin Dean Collection</i>