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Lot
5481

1855 10C Arrows MS68 NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 5 Internet/mail/phone bidders Number of Bidders
876 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
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Fabulous MS68 1855 Arrows Dime
Tied for Finest Certified
1855 10C Arrows MS68 NGC. This beautiful Superb Gem type coin is close to brilliant, although specks of faint tan toning are present here and there. These flecks of color make this otherwise brilliant coin identifiable. Three faint golden-brown dabs are seen in the right obverse field above the foot of Liberty, and a similar number are located in the left obverse field. On the reverse there are a few faint freckles of color in the field below the ME in DIME and just above the right part of the wreath. The design motifs are well struck aside from the dentils on the rim on the lower part of the reverse. The preservation is outstanding, since careful evaluation is necessary to locate the occasional faint grazes. The mint luster is softly frosted and the essentially untoned appearance of the coin allows full appreciation of the lustrous finish.
Arrows dimes were struck for only three years, 1853 to 1855. By 1849, West Coast gold was mined in sufficient quantity to increase the relative value of silver. Silver coins were promptly hoarded and melted. The Mint responded by reducing the weight of silver coins in 1853, which allowed them to circulate. Arrows were added to the date to denote the new tenor. The 1853 production was prodigious and ended the shortage of silver in circulation, but by 1855, mintages were reduced to normal levels and Mint State pieces are elusive. Census: 2 in 68, 0 finer (10/10).
Ex: 2008 Long Beach Auction (2/2008), lot 101, where it brought $43,125.
From The Joseph C. Thomas Collection, Part Two.(Registry values: N1) (NGC ID# 239C, PCGS# 4607)

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