How did you measure the speed of the motor? The difference between 1400-1500 rpm and 1700-1800 is somewhat to difficult to judge by eye. An inexpensive photo tachometer will tell you for sure.
Motor tags will sometimes list things in a strange way. I suspect that this tag is really telling you the rpm for 50 hz. Often listed like this.
120/240vac
50/60 hz
1480/1750hz
As someone said above, assuming 60 hz, it is not possible to construct a squirrel cage induction motor to run at 1480 rpm. Induction motors need an even number of coils, usually 2, 4, or 6, sometimes more. This is where you find motors in the 3600 rpm range, with 2 coils, 1800 rpm with 4, and 1200 with 6.
The formula for this is
RPM= 120*frequency/# of poles.
So for a four pole motor, at 60 hz, you get an RPM of 1800. Of course, a motor will not run at 1800 rpm, due to slip, which is what generates torque.
Still curious to see a photo of the nameplate on this motor to be sure.
-Cody