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The Seated Liberty Half Dime of 1853 with Arrows, graded as Very Good, is a fascinating piece of American numismatic history. This small silver coin, with its iconic design and historical significance, offers a glimpse into the mid-19th century when it was in circulation. The Seated Liberty design, created by Christian Gobrecht, is a testament to the artistry of the era. On the obverse of the coin, Lady Liberty is depicted seated on a rock, symbolizing freedom and strength. She holds a shield marked with "LIBERTY" and a Phrygian cap, a traditional emblem of liberty. This design embodies the ideals of the young American nation and is a classic representation of American coinage.
Turning to the reverse of the coin, a wreath of laurel leaves encircles the denomination, "HALF DIME," while the year "1853" is prominently displayed. The presence of arrows flanking the date signifies a change in the coin's weight, a response to rising silver prices and the need to reduce the silver content of coins. This addition of arrows is a distinguishing feature of this year's coin.
The history of this coin is closely tied to the United States Mint and the economic conditions of the mid-19th century. The Philadelphia Mint, where this coin was produced, was the nation's first official mint facility, established in 1792. Coins minted in Philadelphia bear no mintmark, as it was the primary minting location.
The year 1853 marked a significant change in the composition of the Half Dime. The introduction of arrows on either side of the date was an indication of a reduction in the coin's silver content from 90% to 37.5%. This change was prompted by the fluctuating price of silver in the international market and aimed to keep the coin's intrinsic value in line with its face value.
The denomination of the Seated Liberty Half Dime is five cents, equivalent to 1/20th of a dollar. During the 19th century, these small silver coins played a crucial role in daily commerce, facilitating various transactions across the nation.
Now, let's assess the condition of the 1853 Seated Liberty Half Dime with Arrows, graded as Very Good. In Very Good condition, a coin will show clear evidence of circulation, with moderate to heavy wear on the highest points of the design.
On this Very Good coin, you can expect to see Lady Liberty seated on the rock, though with noticeable wear, especially on her figure and the shield with the "LIBERTY" inscription. The Phrygian cap may appear less distinct, but its basic features should still be discernible. On the reverse, the wreath and the "HALF DIME" denomination may show signs of wear, but they remain distinguishable.
While this coin displays the effects of circulation, including flattening of design elements and surface wear, it preserves its historical significance and charm. The wear on the coin's surfaces serves as a testament to its role in commerce during a pivotal period in American history.
In conclusion, the 1853 Seated Liberty Half Dime with Arrows in Very Good condition offers collectors and enthusiasts a tangible connection to America's past. Its classic design, association with the Philadelphia Mint, and distinctive arrows denoting the change in silver content make it a captivating piece of numismatic history. This coin invites us to explore the economic and historical context of its time while appreciating its enduring appeal.