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Lot
4043

1854 25C Arrows PR64 PCGS. The popularity of this issue ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 18, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Exceedingly Rare 1854 Liberty Seated Proof
1854 25C Arrows PR64 PCGS. The popularity of this issue is assured by the presence of arrows flanking the date on the obverse. The incoming Mint Director, Colonel James Ross Snowden, felt that the continuation of arrows at dates of silver coins would remain necessary to distinguish the new issues instantly from earlier heavier issues, which were being melted as worth $106.60 per $100 face value. For unknown reasons, he also ordered Chief Engraver James Longacre that the reverse dies be made from the old hub without rays. The business strike 1854 quarter is relatively common by the standards of this series, but its proof counterpart is a significant rarity. Indeed, our records indicate that this proof issue has made only 31 appearances in the major auction houses since 1980. The present example reveals a layer of faint gold toning over both sides, and the crisply struck devices offer a noticeable contrast with the moderately reflective fields, establishing a mild cameo effect. A few wispy hairlines in the fields, particularly on the obverse, limit the grade. Population: 12 in 64, 2 finer (3/04).
Ex: Exclusive Internet #22021 (Heritage, 2/02), lot 11128, which realized $14,375.
From the JFS Collection.(#5550) (Registry values: P4) (NGC ID# 23WV, PCGS# 5550)

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