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1854 25C Arrows PR64 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 29, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Popular 1854 Arrows Quarter, PR64
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: 14 in 64, 2 finer (3/09).
From The Joseph C. Thomas Collection.(Registry values: P4) (NGC ID# 23WV, PCGS# 5550)

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