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Bought this Small Lot of U.S Coins Recently - Good Deal?
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<p>[QUOTE="medoraman, post: 1586630, member: 26302"]IDK the prices today, but I view that as having an old cleaning and retoning. Nothing wrong with that, most of these have old cleanings. That used to be $100 coin, its a type coin, a better type but the "type" value overrides the O mintmark value.</p><p><br /></p><p>Btw Eduard, did you know the arrows at the date of this issue were to denote a lowering of silver content? They did this because the California gold rush had destabilized the world price relationship between silver and gold, and US silver coins were worth over face value. So, in 1853 they lowered it, and put arrows on the obverse and rays around the eagle on the reverse. They took the rays off the reverse for 1854 but left the arrows. In 1873 we had to do the opposite. The Comstock lode had destabilized silver prices, so they increased the silver in coinage and also added arrows by the dates, (no rays though).[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1586630, member: 26302"]IDK the prices today, but I view that as having an old cleaning and retoning. Nothing wrong with that, most of these have old cleanings. That used to be $100 coin, its a type coin, a better type but the "type" value overrides the O mintmark value. Btw Eduard, did you know the arrows at the date of this issue were to denote a lowering of silver content? They did this because the California gold rush had destabilized the world price relationship between silver and gold, and US silver coins were worth over face value. So, in 1853 they lowered it, and put arrows on the obverse and rays around the eagle on the reverse. They took the rays off the reverse for 1854 but left the arrows. In 1873 we had to do the opposite. The Comstock lode had destabilized silver prices, so they increased the silver in coinage and also added arrows by the dates, (no rays though).[/QUOTE]
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