LOT #3756 |
Sold on Jan 13, 2022 for: Sign-in
or Join (free & quick)
1853 25C Arrows and Rays MS67 PCGS....
Click the image to load the highest resolution version.
Sold on Jan 13, 2022 for:
$78,000.00
Bid Source: HA.com/Live bidder
Description
1853 Quarter Dollar, MS67
Arrows and Rays Type
1853 25C Arrows and Rays MS67 PCGS. Ex: Simpson. The
single-year Arrows and Rays design signifies the weight reduction
that occurred in 1853 to promote circulation of coins. Due to the
abundance of gold mined in California in the late 1840s and early
1850s, silver became disproportionately more valuable, and actually
increased in value above the face value of silver coins. As a
result, those coins disappeared from commerce due to hoarding and
melting. Clearly something had to be done, and it was. The actual
weight reduction was not significant (less than one-half gram), but
that was enough to align the silver value and the face value of
those coins. The small arrowheads to the left and right of the date
and the glory of rays around the eagle signified those coins of
reduced weight. Arrows at the date continued through 1855 while the
rays were discontinued after 1853, making this an important
one-year type coin.The present Superb Gem is one of the three or four finest known examples of this important type issue. while PCGS has certified three examples as MS67, only two pieces appear in the PCGS Coin Facts condition census. This piece is finer than the MS66 Gardner Collection coin or the MS66 Pogue Collection coin. We believe it is indeed the finest surviving example. The central obverse and reverse of this boldly detailed Superb Gem are brilliant and lustrous,with gradually darkening gold and iridescent toning close to the borders. This is an exceptional example of the popular coinage issue. Population: 3 in 67, 0 finer (11/21).(Registry values: P5)
Coin Index Numbers: (NGC ID# 23U4, PCGS# 5426, Greysheet# 5124)
Weight: 6.22 grams
Metal: 90% Silver, 10% Copper
View all of [Important Selections from The Bob R. Simpson Collection, Part VII ]
Auction Info
2022 January 12 - 16 FUN US Coins Signature® Auction - Orlando FUN #1341 (go to Auction Home page)
Auction Dates
January, 2022
12th-16th
Wednesday-Sunday
Bids + Registered Phone Bidders: 33
Lot Tracking Activity: N/A
Page Views: 989
Buyer's Premium per Lot:
20% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial