Lot 1289
1874. Arrows. NGC graded Proof 67. Only 700 minted. Wonderful rainbow toning on both sides. Exceptional toning with hues of violet, cobalt-blue, reddish-gold, rose, and turquoise-blue. The strike is bold and this outstanding Gem Proof 67 is almost devoid of imperfections. The briefly made Arrows series (1873 & 1874) was used to connote a slight weight increase when the mint changed to the metric system pursuant to the Coinage Act of 1873. Lower graded Proofs of this popular issue are regularly available, but this pristine and Superb Proof 67 example is extremely scarce per the NGC census: Pop 6; 1 finer in 68 Star .
The year 1874 in history: In New York City the first electrically-propelled streetcar went into service in 1874, but most transportation continued to be provided by horsepower in the literal sense. In Massachusetts a law was enacted which limited the daily working hours of women to 10. There were no effective child labor laws in the United States, and it was not unusual to see six- to 10-year-old children working from dawn to dusk in textile mills, coal mines, and other hazardous occupations.
Barnum's Hippodrome opened in New York City in March 1874; later it was known as Madison Square Garden, the first of three buildings to use that name. The Remington typewriter was introduced this year as well, and would go on to great success and fame. The latter notably increased 18 years later when the backers of the typewriter paid an astounding $10,000 for the first acceptable 1892 Columbian commemorative half dollar.
Estimated Value $13,000 - 14,000.
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| Realized $14,375 |
