In 1858 a prospecting camp popped up on Cherry Creek in Colorado. Created as a temporary settlement for men in search of gold, the camp at the foot of the Rocky Mountains would develop into the city of Denver. This 1858 dime recalls the beginning of a city that would be named after the governor of the Kansas Territory.
Beginning in 1853, the United States Mint lowered the weight of the Dime from 2.67 grams to 2.49 grams. This was done to discourage the hoarding and melting of silver coins that became popular (and profitable) during the California Gold Rush era. Due to the vast majority of gold being mined on the U.S. West Coast, the value of silver reckoned in gold increased on the world market to the point where old-tenor Dimes became worth more as bullion than as circulating coinage. In order to denote this weight reduction, the Mint placed arrows at both sides of the date beginning after February 21, 1853 and continuing through 1855. Since they were struck during the era before the Mint began widespread marketing of proof coins, specimen strikings of the 1853-1855 Arrows Dime were produced in very limited quantities. All three dates of this short-lived type and rare in proof format, and survivors enjoy strong demand among both advanced type collectors and numismatic investors.