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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2017年3月巴尔地摩-白金之夜#5

Lot:3042 1854 Liberty Seated Quarter. Arrows. MS-66 (PCGS).

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USD 20000

SBP2017年3月巴尔地摩-白金之夜#5

2017-03-31 06:30:00

2017-03-31 12:30:00

USD 0

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1854 Liberty Seated Quarter. Arrows. MS-66 (PCGS).;A handsome and exceptionally well preserved survivor of this brief design type in the challenging Liberty Seated quarter series. Both sides are richly toned in a blend of pearl gray, pale lilac-blue and orange-russet. The strike is nothing short of full with razor sharp definition to all 13 of the obverse star centrils as well as the eagles left (facing) leg on the reverse. Silky smooth in appearance with a billowy satin texture, this is an extraordinary coin earmarked for inclusion in the finest cabinet.<p>The Arrows, No Motto Liberty Seated quarter is a distinct design that is an integral part of a complete type set of classic United States Mint coinage. The genesis of this type came with the Act of February 21, 1853, which reduced the weight of the half dime, dime, quarter and half dollar to allow these coins to return to active circulation in the Eastern states for the first time since the onset of the California Gold Rush. The immense quantities of gold being mined along the Pacific coast upset the delicate balance between silver and gold on the world market, causing the value of silver to rise relative to that of gold, to the point where silver coins became worth more as bullion than as coinage of the realm. The result was widespread hoarding in the Eastern states and a consequent shortage of circulating coins with which to conduct commerce. The Act of February 21 sought to remedy this situation and, in the specific case of the quarter, it stipulated a reduction in the weight standard from 6.68 grams to 6.22 grams. This change was deemed sufficient to once again bring the bullion value of these coins below their face value. Indeed the new lightweight and, in essence, subsidiary quarters enjoyed widespread circulation until the onset of the Civil War once again led to widespread hoarding in the eastern parts of the United States.<p>Returning to the early and mid 1850s, the Mint felt that an identifying feature was needed to distinguish the new lightweight quarters from their old tenor counterparts. The solution came in the form of additions to the basic Liberty Seated design: arrows were added to the obverse at both sides of the date, and a glory of rays was added to the reverse field around the eagle. The arrows remained through 1855, but the rays were dropped after 1853. As such, the Act of February 21 resulted in two distinct types for the Liberty Seated quarter, the one-year Arrows and Rays design of 1853 and the two-year Arrows type of 1854 and 1855. Of the five issues that comprise the Arrows type of 1854 to 1855, the two attributed to the Philadelphia Mint are the most suitable for Mint State type purposes. The 1854 was produced in greater numbers than the 1855 (12,380,000 coins vs. 2,857,000 coins), and it is the most realistic candidate for inclusion in most type sets. On the other hand, the type as a whole is rare in the finest Mint State grades, as here, the present example certainly representing a fleeting bidding opportunity for the quality conscious collector.

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