1874 Liberty Seated Quarter. Arrows. Briggs 4-C. MS-67 (PCGS). The exquisite frosty surfaces of this quarter are enhanced by bold crescents of cobalt blue, salmon pink and reddish-orange peripheral toning on the obverse. On the reverse, thin ribbons of pinkish-rose are seen around the border, while the rest is brilliant. Fully struck throughout with silky smooth surfaces that are very close to numismatic perfection.During the 1870s, silver became the focus of considerable attention. Huge amounts of the metal ore were discovered in Nevadas Comstock Lode. Additionally, a massive quantity of the metal was released by France and Germany when they adopted the gold standard. These factors helped to drive down the price of silver worldwide. To address this concern and mollify the silver barons out West, the Coinage Act of February 12, 1873, was passed, demonetizing silver and effectively putting the United States on the gold standard. One minor addition to the bill was an ever so small increase in the weight of the remaining silver denominations. For the quarter this translated to an increase from 6.22 grams to 6.25 grams, an almost insignificant amount. The Mint added arrows on either side of the date as it had done in 1853 with the last weight change. These arrows proved to be essentially superfluous so they were removed after 1874.A moderate number of 1874 quarters survive, though primarily in circulated grades. Choice Mint State examples can be found, but locating a Gem can be very challenging. The present example is the only MS-67 graded by PCGS, and it is the single finest certified at that service. Here is a superb exemplar of D. Brent Pogues eye for only the finest. Ex Foxfire Collection.
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