1878-S LIBERTY SEATED 25C, MOTTO MS65
GEM SATIN WHITE COIN. TIED FOR HIGHEST GRADED AT NGC.
NGC Graded Higher:
In 1878, a posse was rounded up by James Dolan and surrounded the McSween compound. This event, part of the Lincoln County War of New Mexico, was the climax of a conflict over cattle interests between two rival men and their supporters. The event is most notable as the death of McSween sent one of his men, Billy the Kid, on a revenge killing spree. This 1878 quarter recalls the birth of the legend of Billy the Kid.
Among numerous other changes to the U.S. coinage system, the Mint Act of February 12, 1873 increased the weight of the Quarter slightly in order to allow the denomination to conform more closely to the metric system. As in 1853, the Mint felt that a feature was needed to differentiate the coins struck to the 6.25-gram standard from those produced to the 6.22-gram standard. Harkening back to that year and the lessons that it taught, Mint personnel in 1873 elected to once again place arrows at both sides of the date but refrained from adding rays to the reverse field. The arrows were dropped in 1875, thus creating another two-year type in the Seated Quarter series.
The Arrows, Motto Seated Quarter of 1873-1874 can be very challenging to locate in high grades. Most Mint State survivors are examples of the 1874-S delivery discovered in a West Coast bank several decades ago. The 1873-CC Arrows is a major rarity in all grades and the only Carson City Mint delivery of the type.