Lot 420
1883. PCGS graded Genuine Unc Details. Cleaning. Nice light toning on both sides. Only 14,400 minted for this date. Seated Quarter mintage declined dramatically in 1879 to 1889 to a level rarely seen for production-strike coins. It so happens that much of the silver that left these shores in the 1860s during the Civil War, reappeared and flooded the banks beginning late in 1877. Where had it gone? It circulated in Canada, as well as Central and South America. With Treasury coffers full again by 1878-79, the call went out to the mints to reduce production of dimes, quarters, and half dollars to a mere trickle. The 1883 is a well-liked date because of this scarcity (PCGS # 5515) .
Estimated Value $200 - 225.
|
| |
| Realized $494 |
