***Auction Highlight*** 1853-p Arrows & Rays Seated Liberty Quarter 25c Graded ms65 By SEGS (fc)

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  Lot #490  (Sale Order: 336 of 609)  
Sold for: $2,000.00 to M****l
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***Auction Highlight*** 1853-p Arrows & Rays Seated Liberty Quarter 25c Graded ms65 By SEGS. Dusted with iridescent golden-champagne toning, this is a lovely high grade representative of one of the most eagerly sought Liberty Seated design types. The luster is smooth with a satin to softly frosted texture, and the design elements are sharply to fully rendered from an impressive strike. The huge quantities of gold coming from California beginning in 1849 drove up the price of silver relative to gold, resulting in the melting of many minor silver coins. To counteract this, Congress passed the Act of February 21, 1853, which reduced the weights of the minor silver denominations, but left the silver dollar unchanged. The quarter's weight dropped from 103.125 grains (6.6 grams) to 96.000 grains (6.22 grams), significant enough to keep the coins from the crucible. The change in standard was marked by the addition of arrows at either side of the date of all affected denominations and a halo of rays surrounding the eagle on the reverse on the quarter and half dollar. The Philadelphia Mint struck over 15 million Arrows and Rays quarters in 1853 using more than 100 obverse and reverse dies. This would prove to be the only year of issue for the type as the rays were removed the following year. While this is one of the most available Liberty Seated quarter issues, it is decidedly rare at the Gem level and finer. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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This item is part of Breathtaking Spring Coin Consigns Auction 3 of 6
 Wednesday, May 5, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** 1853-p Arrows & Rays Seated Liberty Quarter 25c Graded ms65 By SEGS (fc)
***Auction Highlight*** 1853-p Arrows & Rays Seated Liberty Quarter 25c Graded ms65 By SEGS (fc)
Lot number: 490
Seller: Key Date Coins
Event: Breathtaking Spring Coin Consigns Auction 3 of 6
Ends: Wednesday, May 5 | 5:45 PM  Eastern

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