Coin Specifications

Category: Classic Head $2.50 (1834-1839)
Mint: Charlotte
Mintage: 7,880
Catalog: KM-56
Obverse Designer: William Kneass
Reverse Designer: William Kneass
Composition: Gold
Fineness: 0.8990
Weight: 4.1800g
AGW: 0.1208oz
Melt Value: $156.61 (8/20/2014)
Diameter: 18.2mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1838 C $2.5 MS obverse 1838 C $2.5 MS reverse


  
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Description & Analysis

Less than half as many quarter eagles were struck in Charlotte in 1838 as in 1839, a fact that only adds to the already considerable allure of this issue. The first year of issue of the Classic Head design at any branch Mint, and one of only two years for the Obverse Mintmark subtype--which also comprises, of course, the Dahlonega and New Orleans issues--the 1838-C quarter eagle is in continuous demand from numerous segments of the numismatic market.

The tiny mintage was only 7,880 pieces, but fortunately a few nice examples appear to have been saved, as is common for first-year issues. Barring duplications, it appears that Winter's 1998 estimate of only seven or eight Mint State coins in existence is today not far off the mark.

Winter provides an estimate of 80-90 pieces surviving in all grades.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 8/16/2013

Click on a price to see historical prices, comparison charts and trends.

1838 C $2.5 MS
  GVGFVF4045505355586061626364656667686970
Base $ 600 700 1300 2600 4750 4750 9450 11500 12750 19000 27000 29500 36000 49000 70000 - - - - - -
$ 5750 10500 13500 14500 21000 30000 32500 39000 55000 77000 - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 62
Low Grade: 40
Average Grade: 55
High Grade: 63


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/19/2005 PCGS AU 55   Goldberg September 19-21, 2005 Pre-Long Beach Coin and Currency Auction, 32/Lot# 2337 $11,500.00
7/7/2011 NGC AU 58   Heritage Auctions 2011 July Orlando Summer FUN Signature US Coin Auction Session(3), 1157/Lot# 4565 $14,662.50
8/15/2011 NGC F 12   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3704 $1,207.50
1/29/2012 NGC   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1158 $3,795.00
8/18/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 08/18/2013, 88/Lot# 105756 $1,608.20
12/5/2013 NGC AU 58   Heritage Auctions 2013 December 5 - 8 US Coins Signature Auction - Houston Session(2), 1192/Lot# 3793 $9,106.25
3/20/2014 NGC Details AU Details  Heritage Auctions 2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco Session(1), 1205/Lot# 30228 $1,880.00


NGC Registry

NGC Registry Score 1838 C $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base11113931683226833864141513756566309668568207198796087681547021322299164270111
11465148918782640363744735310587364346730694674528229110021742024186341774270110
000000363744735310587364346730694674528229110021742024186341774270100
000000388948055483609165596775707277068498132361937127051384394270100
1838 C $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base0000000000000000000000
0000000000000000000000
0000000000000000000000
0000000000000000000000
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