Coin of the Day
1853 Seated Liberty Quarter Dollar, With Arrows & Rays
NGC MS-65
Click image to enlarge and learn more.
1853 Seated Liberty Quarter Dollar, With Arrows & Rays
The discovery of rich gold deposits in California in 1848 reduced the relative value of this metal as measured in silver, causing silver coins to be hoarded and exported for their bullion value. Congress was slow to react to this bothersome situation, and it was not until 1853 that legislation was passed reducing the weight of the nation's fractional silver coins by about 7%, permitting the new issues to circulate freely. Since it was anticipated that the reduced-weight coins would be withdrawn when the metals market returned to its previous balance, arrowheads were placed at either side of the date on the new coins so that they could be spotted quickly. The quarter dollar and half dollar were further distinguished by the addition of a glory of rays around the eagle. For generations the 1853 quarter dollar with arrows and rays was overlooked by collectors, due almost certainly to the great availability of worn examples. Only in recent years has its rarity in gem condition become evident. This lovely example is entirely untoned and reveals its bright, frosty luster to full advantage. Struck from lightly worn and cracked dies, it is nevertheless rich in detail. For the advanced type collector or quarter dollar specialist, this coin will be a real prize.
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The NGC online census of graded coins is a wonderful tool that is intuitive and
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A feature incorporated into the online Census of NGC-certified coins is the NGC
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The World Coin Price Guide is a complete catalog of values for World coins from
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The NGC Chinese Modern Coin Price Guide is your single comprehensive resource for Panda coin values and more. Click on the description you’re interested in and the coin details page opens to reveal a Price Guide chart, along with NGC Census data, variety attributions, NGC Registry scores and more. All values are for NGC-certified coins.
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NGC maintains a comprehensive guide to the varieties we recognize on our website.
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NGC Research Director Dave Lange looks at the entire series of United States coins,
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