1853 Arrows Seated Liberty Half Dime Circulated Choice Extra Fine - Nice and O

Description

Coin
Seated Liberty
Half Dime
Year
1853
With Arrows
Mint
Philadelphia
Graded by
Uncertified
Grade
Circulated Choice Extra Fine
Nice and Original
SKU
UC83136.rxs
Notes
This is an uncertified coin.
You will receive the pictured coin. You are Buying an
1853-P Seated Liberty Half Dime with Arrows in Choice Extra Fine condition
.
Due to their high silver content, silver coins minted prior to 1853 were heavy melted. In fact before the weight of silver subsidiary coinage was reduced in 1853, half dimes saw relatively low mintages production. That changed in 1853, as a result, over 13 Million coins were struck. This coin is a nice original piece with a sharp strike and unabraded surfaces.
Coin Features:
Known as a Seated Liberty Half Dime with Arrows
Obverse: Liberty Seated with a Heraldic Shield and Staff, Legend on Obverse
Reverse: Wreath around Half Dime
Liberty Seated Half Dime (1838 - 1873) - Stars on Obverse
(1838-53 and 1856-1859) – The Mint Act of 1853 which lowered the weights of the half dime through half dollar specified that these coins were to paid out by the Treasury only in exchange for gold, and this was intended to prevent them from becoming a redundant nuisance. Instead, Mint Director James R. Snowden paid them out in exchange for deposits of either gold or silver, and mintages thus exploded from this trade that was so profitable to holders of silver. His misguided attempt at ending the silver coin shortage of 1850-53 was finally brought to an end by his superior in 1858.