1873-CC “No Arrows” Seated Liberty Quarter

The 1873-CC “No Arrows” Seated Liberty Quarter is one of the most difficult issues of the series to acquire. In terms of absolute rarity, it comes after only the 1866 “No Motto” Quarter, for which only a single known example exists.

Following the Coinage Act of 1873, the weight of the quarter dollar was slightly increased from 6.22 grams to 6.25 grams. To denote the change, arrows were placed to either side of the date. Prior to the change, the Carson City Mint had supposedly struck a quantity of 4,000 pieces under the prior specifications without the arrows. A mere five of these examples are known to have survived.

The finest known example of the 1873-CC “No Arrows” Quarter is graded MS64 and sold at auction for $209,000 in 1998. More recently, an example graded PCGS MS63 sold for $431,250 in January 2009.

The “with arrows” variety of the coin also represents a major rarity in its own right. The total mintage for the issue was 12,462 and due to heavy circulation only a handful of AU and Mint State examples have survived.