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Lot
5551

1873-CC 25C Arrows AU55 PCGS. The Mint Act of February 12,...

2002 April Columbus, OH (CSNS) Signature Sale #288

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Auction Ended On: Apr 25, 2002
Item Activity: 6 Internet/mail/phone bidders
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Location: Columbus, OH
Description:
1873-CC Arrows Quarter Rarity, A Condition Census AU55 PCGS Representative
1873-CC 25C Arrows AU55 PCGS. The Mint Act of February 12, 1873 lowered the weight of the Quarter from 6.22 grams to 6.25 grams. To denote this change, arrows were added to the obverse at both sides of the date, a practice that continued through the following year. The Carson City Mint produced only one issue of the Arrows, Motto type, the 1873-CC. Just 12,462 coins were produced, many of which wore down quickly and/or became porous in circulation because the early Carson City Mint used pure silver planchets instead of more durable planchets composed of a 90% silver, 10% copper alloy. What's more, there were virtually no collectors on the frontier during the 1870s, and few, if any 1873-CC Arrows Seated Quarters were deliberately preserved.
All 1873-CC Arrows Quarters were struck from a single die marriage. The reverse is the same that the Mint used to produce the 1870-CC, 1871-CC, and 1872-CC deliveries, and it is identifiable by a small die scratch (as produced) within the upper opening of the F in OF. The present example displays another, larger reverse die scratch through the tops of the letters UAR in QUAR.
We are aware of only two Choice AU and two Mint State 1873-CC Arrows Quarters:

1- Ex: Rasmussen Sale (Superior, 2/98), lot 2040; 1999 Chicago ANA Signature Sale--The Nevada Collection (Heritage, 8/99), lot 6282, where it realized $21,850. This coin was graded AU55 by PCGS at the time of the latter sale.

2- The present coin, which appears to be a newcomer to the PCGS Population Report.

3- Ex: Private Collection; Norweb II (Bowers & Merena, 3/88), lot 1659, where it realized $44,000; later graded MS65 by PCGS.

4- Private Collection; Eliasberg II (Bowers & Merena, 4/97), lot 1505, where it realized $93,500; later graded MS63 by NGC, and now presumably the MS64 coin shown on the January 2002 PCGS Population Report.

An obviously important Condition Census representative, this coin is toned in variegated olive-gray shades that lighten somewhat over the obverse. The wear is light and confined to the highest points of the design, and the only mentionable abrasions are located on the obverse over and around Liberty's portrait. A series of small toning spots are scattered over the obverse, a reverse lamination (as struck) through the word DOL is the most useful pedigree marker. (NGC ID# 23VV, PCGS# 5492)

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