1853 Seated Liberty Quarter Doesn't Match Criteria

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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.

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Q. David Bowers (edited and updated by Mike Sherman): Along with the other silver denominations, quarters were reduced in weight in 1853 as a measure against the hoarding and melting of newly released pieces. The authorized weight, previously 103.125 grains, was lowered to 96 grains. To signify this reduction, an arrowhead was placed on either side of the date on the obverse, and rays were added around the eagle on the reverse. The rays were used only in 1853, and thus constitute a separate type. In 1854-55, the rays were removed creating an "arrows, no rays" type as well. Both Philadelphia and New Orleans struck this type in 1853, in quantities of 15,210,000 and 1,332,000 respectively.