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

The Regency Auction 34

拍卖行

Legend Rare Coin Auctions

批号

228

等级

MS66

价格

150,776

详细说明

What a fantastic Arrows and Rays quarter! You know this one has got to be special! Ex James Swan, Oliver Jung, Brent Pogue, and again to Oliver Jung! Stunning everything! Condition Census quality, this is among the very FINEST known of this one year type. Bold mint luster has a brilliant, glimmering flash under a layer of iridescent olive, tan, and gold tones that accent the superb underlying silver surfaces. Sharply struck up, every detail is crisp, and razor sharp. Essentially pristine surfaces show just a few tiny die lines and a few other microscopic ticks that can be seen only with the aid of a very powerful loupe. The eye appeal is amazing in every way, we are not exactly sure what CAC saw that precludes its approval - it is truly an amazing example. 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 shortened 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. This is one of the very finest known. PCGS 10, NGC 7. PCGS has graded just 2 finer. The Gardner coin, which is a CAC approved example with a very similar look, sold for $36,425 in our May 2018 Regency Auction. Worthy of a very strong bid from anyone needing this one year type for their set, and remember, it graced three great type sets in the past, most recently THE TYPE SET, formed by Oliver Jung. Good luck! Cert. Number 82259029 PCGS # 005426