Lot 763
1852. NGC graded AU-55. Only 77,130 minted. Nicely toned. It was in February of 1853 that a weight reduction went into effect for all subsidiary silver coinage. The problem had been that for decades both silver and gold coins had been melted as the raw silver or gold content was worth more than the coin's face value. Pre-1853 silver coins were withdrawn from circulation by the Treasury and recoined into the newly authorized Arrows and Rays (and later Arrows-only) silver in 1853-55. Pop 4; 49 finer at NGC .
Estimated Value $1,300 - 1,400.
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