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Pillar of the Community
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With the reduction of silver in the coinage of 1853, I reckon that the gov't need to make them appealing to the possessor. The public was probably thinking "I will give you this older quarter/half dollar for this new arrows and rays design quarter/half dollar any day of the week", without knowing that they are getting a slightly less in weight coin. 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. http://www.PCGScoinfacts.com/coin/detail/5426Edited by oih82w8
06/28/2018 10:12 am
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Pillar of the Community
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Pillar of the Community
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Thank you for noticing! I cherry-picked this 1853/4 25C last year and it sold rather rapidly...an offer I could not refuse...it was a beauty!  Edited by oih82w8
06/28/2018 1:08 pm
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Moderator
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Pillar of the Community
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oih82w8 - a wonderful example!  I will be posting my 1853 Seated coins in a minute. |
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Pillar of the Community
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Pillar of the Community
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Bedrock of the Community
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Bedrock of the Community
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Hot darn, I get to post again (even if mine aren't as pretty!) 1853 (Arrows/Hubbed) Dime, nice original G-VG   Two different 1853 (Arrows & Rays) Quarters    1853 (Arrows & Rays) Half Dollar, NGC XF 45  Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
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Pillar of the Community
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1854:  
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Pillar of the Community
United States
7840 Posts |
I probably should acquire a 1853 Dime to go along with my H10C, 25C and 50C...but this one has been with me for a while.  |
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Bedrock of the Community
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94367 Posts |
Another beautiful coin, congrats!
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Bedrock of the Community
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94367 Posts |
Old cleaning, but still a tough coin:   |
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Replies: 270 / Views: 21,487 |
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Posted 06/28/2018 10:12 am
1853 
and the die cracks 
