1853 25C Arrows and Rays MS64 认证号05827027, PCGS号5426

Heritage Auctions Description: 1853 Arrows and Rays Quarter, MS64 Sought-After One-Year Type Coin 1853 25C Arrows and Rays MS64 PCGS. The lack of circulating silver coinage due to the huge influxes of California gold was resolved by the lower-weight Arrows and Rays coins, but nearly all of the quarters circulated. In general, the larger-denomination an Arrows (and sometimes Rays) silver coin is, the more likely it is to have circulated. The certified populations for the 1853 Arrows and Rays quarters include a handful of MS67 pieces, but those populations thin out drastically at or above the Gem grade level, making an MS64 coin an optimal grade for collectors. This is an oyster-gray example that is sharply struck in all areas. No obvious marks are seen on either side. From The Wildwood Collection. (Registry values: P5) (PCGS# 5426)

Ron Guth

Why were arrowheads and rays added to the 1853 Quarter Dollar?  To signify a reduction in the weight of the coin.  This was a time when silver coins were required to contain their full value in metal.  Also, this was the first time that the silver content of the Quarter Dollar had been reduced since its inception in 1796!  The result of the reduction in weight was that all of the silver quarter dollars struck prior to the weight change became worth more than their face value.  Any quarter dollars without Arrows and Rays would be instantly noticeable in circulation and could be pulled and melted.  The massive mintage of 1853 quarter dollars resulted from the conversion of older silver coins.  For coin collectors, this means that mintage figures for all pre-1853 quarter dollars are meaningless and their respective survival rates are low.