The 1873-CC Seated Liberty Quarter is one of the most prized coins in U.S. history. Struck at the Carson City Mint, this coin represents an era of bold expansion and economic growth in the United States. With its rarity, fascinating backstory, and significance to coin collectors, the 1873-CC Seated Liberty Quarter is highly sought after in numismatic circles.
The Seated Liberty Design: A Timeless Classic
1. The Obverse Design
The Seated Liberty Quarter was first introduced in 1838, with a design by Christian Gobrecht, the U.S. Mint’s chief engraver at the time. The obverse (front) of the coin features Lady Liberty seated on a rock, holding a shield and a staff topped with a liberty cap. This image symbolizes strength and vigilance in protecting the nation’s values.
2. The Reverse Design
On the reverse (back), the coin showcases an American eagle with outstretched wings, clutching an olive branch and arrows in its talons. The words “UNITED STATES OF AMERICA” arc along the top, while the denomination “QUAR. DOL.” appears at the bottom. The eagle’s posture reflects the balance between peace (olive branch) and readiness for defense (arrows).
The Carson City Mint and the 1873-CC Issue
The Carson City Mint, established in 1863 during the height of Nevada’s silver mining boom, is famous for producing coins with the “CC” mintmark. This mintmark appears below the eagle on the reverse side of the coin. Coins minted in Carson City are widely celebrated for their historical significance and limited production, making them especially desirable for collectors.
Why is the 1873-CC Seated Liberty Quarter So Rare?
1. Limited Mintage
The total mintage of the 1873-CC Seated Liberty Quarter was 12,462 coins, a remarkably low number compared to other issues. Of these, very few coins have survived due to circulation, melting, or loss over the years.
2. Arrows at the Date
The 1873-CC Seated Liberty Quarter is unique because it features arrows on either side of the date. These arrows were added to indicate a slight adjustment in the coin’s weight as required by the Coinage Act. However, only some of the 1873 quarters featured this variation, adding to the coin’s scarcity and appeal.
3. Survival Rate
Of the original mintage, it’s estimated that fewer than 50 examples of the 1873-CC Seated Liberty Quarter exist today in all grades. Coins from the Carson City Mint were heavily circulated in the American West, where the rugged conditions often resulted in significant wear or loss.
Value of the 1873-CC Seated Liberty Quarter
- Good Condition (G): Prices typically start at $15,000 to $25,000.
- Very Fine (VF): A quarter in this grade can fetch $50,000 or more.
- Extremely Fine (EF): These coins can easily command $100,000 or higher.
- Mint State (MS): Pristine examples are exceedingly rare and have been known to sell for $250,000 or more at auction.
Tips for Collectors
- Authentication: Have the coin authenticated and graded by a reputable service like PCGS or NGC to confirm its genuineness and determine its condition.
- Proper Storage: Store the coin in a protective case to prevent damage from handling, moisture, or environmental factors.
- Research: Study the coin’s history and market trends to understand its value and importance in the numismatic world.
Conclusion
The 1873-CC Seated Liberty Quarter is a numismatic treasure that combines historical significance, rarity, and aesthetic beauty. Its low mintage, unique “arrows at the date” design, and the allure of the Carson City Mint make it one of the most coveted coins among collectors. With only a handful of surviving examples, this coin continues to captivate the imagination of numismatists and stands as a reminder of America’s rich coinage history.
FAQs
Why is the 1873-CC Seated Liberty Quarter so rare?
The coin had a limited mintage of only 12,462, and fewer than 50 examples are estimated to survive today, making it extremely rare.
What does the “arrows at the date” mean?
The arrows on either side of the date indicate a slight adjustment in the coin’s weight, a feature unique to certain 1873 quarters.
How much is an 1873-CC Seated Liberty Quarter worth?
Depending on its condition, the coin can be worth anywhere from $15,000 to over $250,000 in higher grades.