1853 No Arrows quarters

Manorcourtman · February 13, 2013 7:36PM

According to Coinfacts, they estimate 500 remain. Agree or disagree? It is interesting that are several high grade examples(22) of the 56 graded. Was there a hoard of uncirculated ones years ago that accounts for the high grade examples that remain?

richardshipp · February 13, 2013 10:24PM

One of the very few coins that I've sold and later regretted selling...

fastfreddie · February 13, 2013 10:59PM

<< One of the very few coins that I've sold and later regretted selling...

Nice look to that coin. I regret you selling that one too.

ricko · February 13, 2013 11:10PM

Very nice coin....Cheers, RickO

BillJones · February 13, 2013 11:30PM

Yes, Richardshipp, I could see where you might regret selling that one. It will be hard to replace.

The mintage listed in the Red Book is 44,200, but I imagine that a lot of those pieces never made it out of the government vaults and went straight to the melting pot. Among those that were issued, private melters got them because they contained more than 25 cents worth of silver.

RYK · February 13, 2013 11:34PM

Wow, that is a very cool coin, RS.

Walkerguy21D · February 13, 2013 11:40PM

I recall quite a few years ago, I think it was at a Central States show, and I think it was Julian Leidman, had a one of these in Proof on display, along with
a $4 Stella, and some other interesting pieces. My first glimpse of the big leagues.....

coindeuce · February 13, 2013 11:47PM

I'm pleased that you sold the N/A half dime to me. Where the heck was I when you put the quarter on the market ?

richardshipp · February 14, 2013 12:10AM

<< I'm pleased that you sold the N/A half dime to me. Where the heck was I when you put the quarter on the market ?

>>

You're welcome on the N/A half dime, glad you like it. I never listed the quarter publically. In that Rich Uhrich was kind enough to allow me to purchase it, I gave him first shot when I sold it. FWIW... it helped cover some unexpected medical expenses at the time. Hopefully some day I'll be at a point where I'll be able to replace it.

Manorcourtman · February 14, 2013 2:38AM

Richard, that's a wow!! coin!!

richardshipp · February 14, 2013 2:42AM

Thanks. If I recall correctly it was in a PCGS slab as AU53 and at the time was the only one at that grade... haven't looked in a while to see if that has changed. Whereever it is now the new owner should be very happy with it.

BillJones · February 14, 2013 3:13AM

I know I'd be happy with it, and I don't specialize in these thngs. The history of the need to decrease the weight of the silver coins thenn in circulation because of the flood of gold from California would make this coin a keeper for me.

roadrunner · February 14, 2013 6:58AM

I've only owned one of these and it was a MS66 ogh I purchased off Teletrade in the mid-1990's. My gut feel is that it was from the Ed Milas collection of original mint sets.
A number of those coins were deep blue and black from storage. Many ended up getting dipped. This particular coin was superbly clean even for a MS67 but the luster was
one shade off from full brilliance due the dipping/toning removal. It later ended up in an NGC MS67 holder. I'm aware of 2 finer coins in MS67/68 - the Norweb coin and the
mottled but nicely toned Amon Carter specimen. Both of those have a similar look to them. A small number of gems were put away at time of issue making the date readily
available to anyone wishing to own a choice/gem unc example. But if you want a problem free VF-XF, those seem to be harder to come by. No doubt a number of uncs were
saved during the transition from no arrows to arrows in 1853. The 1853 na half dimes and dimes are also somewhat numerous in unc despite their lower mintages. Someone
back then decided that putting away a few dozen uncs of each was a good idea. If they hadn't, the 1853 NA coinage would be quite rare in unc.

I don't think the estimate of 500 pieces is close to accurate as that would imply a >1% survival rate. That is extremely high for better date seated quarters. 0.2 to 0.5% is a much
more commonly seen survival rate assuming the mintage is accurate and all were released into circulation. For the 1853 na I'd say that 175-250 is a more accurate range. If one
removes the uncs from consideration there are relatively few of these to go around. And unlike the rare 1866 and 1869 business strikes, the 53 na doesn't have proofs to muck up
the waters.

lordmarcovan · February 14, 2013 7:03AM

Wow. I'd never seen one before.

Coinosaurus · February 14, 2013 12:35PM

Did this coin go to the Teaparty guys?

coindeuce · February 14, 2013 12:51PM

<< Did this coin go to the Teaparty guys? >>

RichardShipp's coin came from Rich Uhrich, and went back to him. I seriously doubt Uhrich would have sold it to another dealer.

HoledandCreative · February 15, 2013 12:03AM

I am still looking for one.

RichieURich · February 15, 2013 12:48AM

<< 

<< Did this coin go to the Teaparty guys? >>

RichardShipp's coin came from Rich Uhrich, and went back to him. I seriously doubt Uhrich would have sold it to another dealer. >>

Although all of my purchases and sales are confidential, I believe I can disclose that I sold the coin to a collector (I think) at an ANA show.

The 1853 No Arrows quarter is one of the unusual issues where a Mint State coin seems to be easier to find than a decent circulated coin.

And the PCGS AU-53 coin that Richard Shipp posted, I was very happy to have bought it twice and sold it twice. It is a very nice coin, and I think the current owner knows that.