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Lot
5998

1854 H10C ARROWS

1995 ANA Sale #139

 
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Auction Ended On: Aug 17, 1995
Item Activity: 1 Internet/mail/phone bidders Number of Bidders
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Description:
Gem Proof 1854 Half Dime--Tied For Finest Known
1854 Arrows PR 65 PCGS. Struck from the V-2 dies, from which all proofs are known. An unknown, but obviously small, number of proofs were produced in 1854. In his 1977 work on proofs, Breen estimated that 16-20 separate pieces were extant today, and he listed the pedigrees of seven specimens. That estimate may actually be somewhat high as only 11 pieces have been certified to date by the major services. It may well be that some first strike business strikes have in the past been considered proofs, thus inflating Breen's estimate from 18 years ago.
The rarity and importance of any Arrows coinage in proof would be difficult to overstate. There are many collectors of 19th century proofs, and there are very few unquestioned proof strikings from these key years. The result, of course, is predictable--very high prices for the few known proofs. The fields of this piece appear somewhat shallowly mirrored at first glance, but closer examination reveals that this is appearance only. Both sides are deeply toned in shadings of burgundy and cobalt-blue, this intermingling of deep coloration subduing the mirrored flash of the fields somewhat. Technically, the only flaws we can see on the surfaces are a small contact mark on the right breast of Liberty and a curved lint mark on her left leg. Tied for finest certified with three other coins--one by NGC (4/95) and two others by PCGS (6/95). (NGC ID# 235S, PCGS# 4432)

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