One of the highest graded surviving examples of this short-lived type. Totally original and a real PQ GEM! Wonderfully preserved and very high end even for this lofty state of preservation. Brilliant satin luster glows from under a delicate layer of pastel, iridescent toning. Soft rosy-pink, lavender-gray, golden-peach hues are really brought out when the luster catches the light. Very sharply struck with nearly completely crisp definition to the well struck devices. Both sides show extensive die cracks adding to the visual allure and charm. The Arrows that flank the date were added to the design in 1853 and remained until 1855 (rays on the reverse were also added in 1853, but were removed in 1854 and 1855) to signify the change in the weight which was reduced to maintain the proportion of silver to gold in circulation. The ratio was thrown out of whack when massive quantities of gold were discovered in California. PCGS 9, NGC 3, CAC 3. This coin sold in our September 2018 Regency Auction for $24,675 and the CAC CPG value is listed at $27,200. Fewer than ten have been graded finer. This GEM belongs in a SUPERB set, and bidding will be fierce among type and quarter collectors. Good luck. Cert. Number 35591932 PCGS # 5432.00