Lot 1254
1855. NGC graded MS-68. Frosty white gem. Earlier appearing in a Heritage Auctions sale (Feb. 2008), "This beautiful Superb Gem type coin is close to brilliant, although faint tan toning is present here and there. Well struck aside from the reverse dentils near 6 o'clock. The preservation is outstanding, since careful evaluation is necessary to locate the occasional faint grazes. Arrows dimes were struck for only three years, 1853 to 1855. By 1849, West Coast gold was mined in sufficient quantity to increase the relative value of silver. Silver coins were promptly hoarded and melted. The Mint responded by reducing the weight of silver coins in 1853, which allowed them to circulate. Arrows were added to the date to denote the new tenor." A quick perusal of the Guide Book of United States Coins shows that the 1853 & 1854 production was prodigious to end the shortage of silver in circulation. However, by 1855, mintage declined to more normal levels; Mint State pieces are elusive and at this level, legendary: Pop 2; none finer at NGC .
Estimated Value $14,000 - 15,000.
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| Realized $16,388 |
