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Lot
643

1853 25C Arrows and Rays MS64 PCGS....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 28, 2010
Item Activity: 12 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:
Brilliant 1853 Arrows and Rays Quarter, MS64
1853 25C Arrows and Rays MS64 PCGS. There were five Seated Liberty silver coin types whose net silver values rose above their nominal (face) value by the early 1850s. The two smallest, the half dime and dime, had designs so small that when their net silver content was reduced, only small arrows at the date signified the reduction; there was no design room on the reverse for the ring of rays that the larger coins, the quarter and half dollar, also got. The silver dollar was exempted from the silver reduction by Congress. The cynic must wonder: Were congressmen paid in silver dollars, so that the extra silver content (compared to minor silver coins or gold dollars) would give them a pay raise?
After the weight reduction, many millions of Arrows/Arrows and Rays type coins spewed from the coinage presses in Philadelphia as well as, to a lesser extent, New Orleans. The Philadelphia Mint made more than 40 million minor silver coins in 1853, with the quarter dollar seeing the largest production, at 15 million-plus pieces. This is a brilliant example that has soft, frosted mint luster. The surfaces are remarkably clean with little to account for the MS64 grade.(Registry values: P5) (NGC ID# 23U4, PCGS# 5426)

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