1854 H10C Arrows PR65 PCGS....
Gem Proof 1854 Arrows Half Dime1854 H10C Arrows PR65 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 27 pieces have been certified to date by both major services, many of these being likely resubmissions. It may well be that some first strike business strikes have in the past been considered proofs, thus inflating Breen's estimate from 28 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 sea-green and argent-gray, this intermingling of deep coloration subduing the mirrored flash of the fields somewhat. There are no mentionable flaws, lintmarks, or spots that can be mentioned for pedigree purposes. A most attractive Gem proof specimen. Population: 4 in 65, 1 finer (1/05).(#4432) (Registry values: P3) (NGC ID# 235S, PCGS# 4432)
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