1853 25C Arrows and Rays MS(PCGS#5426)

The Regency Auction 45

拍卖行

Legend Rare Coin Auctions

批号

499

等级

MS65

价格

52,465

详细说明

THE SOMMELIER COLLECTION A totally original, GEM quality example of this ONE YEAR ONLY type. Placement of the arrows at the date and rays around the eagle came after the Mint Act of 1853 which reduced the content of silver in the half dime through half dollar. One of the results of the flood of gold coming out of California was the ratio of gold to silver in circulation went out of balance, raising the price of silver to a point where the silver content was worth more than face value. Many older silver coins were exported and melted for a profit, creating a shortage in commercial channels. The 1853 Mint Act relieved this problem, but created another. The rays on the reverse proved to shorten the life of the dies, and after 15 million were produced, the design was changed, retaining the arrows at the date, but removing the rays creating a one year only type. The need in commerce for these coins resulted in a very large mintage, but low survival rate. A rich satin sheen catches the light and provides a soft back lighting to the delicate pearly-dove-slate-golden tan. A wonderfully crisp strike has rendered every detail nicely on both sides. The fields are clean and free of any distracting marks. A very pleasing example for the collector. PCGS 19, NGC 29, CAC 10. The most recent example to sell in auction brought $8,700 in January 2019, however, it has sold for more than double that twice (in 2011 and 2013 for $18,400). This one year type is RARE any finer, so this is a great example for your set. Cert. Number 11346686 PCGS # 5426.00