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5588

1873-CC 25C No Arrows XF40 NGC. The rarity of this issue i...

2002 February Long Beach Signature Sale #284

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Auction Ended On: Feb 21, 2002
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
1873-CC No Arrows Quarter, One of Only Five Pieces Known
1873-CC 25C No Arrows XF40 NGC. The rarity of this issue is explained by the timing of its production. On January 18, 4,000 pieces were struck (with no arrows, of course). On February 12, the Silver Act was passed which mandated that all silver coins conform to metric standards. This led to the addition of the well known arrowheads on either side of the date, indicating the slight weight increase. Almost all of the 1873-CC Quarters that were struck in January without the arrows designation were melted on July 10. Only five pieces are known today, leading one to wonder if those pieces were all set aside for assay purposes. For many years, it was believed that only three examples were known of the No Arrows '73-CC, all of which are Uncirculated. However, in recent years this and another circulated example have surfaced bringing the number extant today to five.
This is an original piece that shows deep, almost charcoal-gray toning over much of each side with silvery-brilliant accents over the devices. (NGC ID# 23UW, PCGS# 5486)

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