Lot 1088
1873. No arrows. Closed 3. PCGS graded AU-58. To say the least, chaos errupted in 1873 for our coinage. The year begain in January like any other, with normal dies prepared and shipped to the various branch mints. In Philadelphia, quarter production began as usual in January with coins like this. In late January the Chief Coiner filed a formal complaint with the Director of the Mint that the 3 on the smaller denominations the large knobs could make it appear to be an 8. Hence the engraving department under William Barber had to create an entire new die set with a more open 3. The mintage was again interrupted when in March, 1873, the planchet weight standard changed and Arrows were again added flanking the date of dimes, quarters, and half dollars. The issue of the Closed 3, No Arrows half dollar has always been one of moderate rarity, with a recorded mintage of 40,000 pieces, but importantly precious few of these come in high grades. The finest yet seen in a nice MS-62. A nice white coin. Only 40,000 struck. Pop 2; 5 finer, 3 in 61, 2 in 62. (PCGS # 5484) Value $8,500 - UP
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