Coin Specifications

Category: Seated Liberty Quarters (1838-1891)
Mint: Carson City
Mintage: 4,000
Catalog: KM-98
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 6.2200g
ASW: 0.1800oz
Melt Value: $3.34 (9/18/2014)
Diameter: 24.3mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1873 CC NO ARROWS 25C MS obverse 1873 CC NO ARROWS 25C MS reverse


  
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Description & Analysis

The legendary 1873-CC No Arrows is unquestionably the rarest of all quarters struck for circulation. Only 4,000 pieces were struck on January 18. On February 12, the Silver Act was passed mandating a slight increase in the weight of planchets to conform to metric standards. Apparently, almost all of the mintage was melted on July 10, leaving one to wonder if the few survivors are all that remain from those set aside for the annual Assay Commission.

For many years, it was believed that only three examples were known of the No Arrows '73-CC. However, a couple of circulated pieces have surfaced in the past few years bringing the number extant today to 5. Below is a roster of the five known specimens:

1. U.S. Mint, A.L. Snowden, J.W. Haseltine, J.K. Nagy, William H. Woodin, H.O. Granberg, Max Mehl's 54th Sale (7/19), lot 358, F.C.C. Boyd, The World's Greatest Collection (Numismatic Galleries, 1945), lot 378, where it realized $725, Louis Eliasberg, Eliasberg Collection (Bowers and Merena, 4/97), lot 1503, where it realized $187,000, Bolen Collection (Heritage, 4/99), lot 5926, where it brought $92,500. Certified as MS 62 by PCGS.

2. John Swan Randall Collection (Ed Cogan, 5/1878), lot 795, where it brought 35 cents, Browning Collection, James A. Stack Collection (Stack's, 1975), lot 136, where it brought $80,000, William Grayson of B&B Coins, 1979 NASCA London Sale, bought back by the consignor, Metropolitan New York Sale (1980), lot 519, brought a reported $205,000, Bob Riethe and Greg Holloway. Currently in an NGC MS 66 holder.

3. John Haseltine, unknown intermediaries, H.M. Budd, Numismatic Gallery, Imperial Coin Company (Benjamin Stack, proprietor), Mrs. R. Henry Norweb from Imperial on July 24, 1954, Norweb II (Bowers and Merena, 3/88), lot 1647, where it realized $88,000, several dealer intermediaries, William Greene, Wes Rasmussen Collection (Superior, 2/98), lot 2038, where it brought $209,000, the present coin, from the Nevada Collection..

4. Abner Kreisberg, currently in a PCGS Very Fine holder. 5. Recently discovered circulated (unstated grade), shown by Leon Hendrickson to Larry Briggs, who confirmed its authenticity. Described in an article in the October 29, 1996 issue of Numismatic News.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 11/25/2013

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1873 CC NO ARROWS 25C MS
  GVGFVF4045505355586061626364656667686970
Base $ - - - - 110000 110000 130000 140000 150000 165000 180000 190000 250000 375000 550000 - - - - - -
$ 120000 140000 150000 160000 175000 195000 205000 275000 415000 600000 - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 3
Low Grade: 40
Average Grade: 61
High Grade: 66


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Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/22/1999 PCGS MS 62   Heritage Auctions Milwaukee (CSNS) #200, 200/Lot# 5926 $106,375.00
2/21/2002 NGC XF 40   Heritage Auctions 2002 February Long Beach Signature Sale #284, 284/Lot# 5588 $79,350.00


NGC Registry

NGC Registry Score 1873 CC NO ARROWS 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base640068207756842895881242712664128931309013218134051352713723140981635314880180582089624553293223261536174
654071327980881410534125061274012958131321328013445135921384814849163531593919004221152614230419338010
000000127401295813132132801344513592138481484916353159391900422115261423041900
000000128161302413175133421348613657139731560116353169981995023334277323151700
1873 CC NO ARROWS 25C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base664470778038872799181282513069133021350513636138271395114152145351684215335185832148125212300733342737051
678873978267912410887129061314613369135481369913868140181427915304168421641719549227242683231191346350
000000131461336913548136991386814018142791530416842164171954922724268323119100
000000132241343713592137631390914085144071607316842175002051523968284523230900
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