Coin Specifications

Category: Classic Head $2.50 (1834-1839)
Mint: New Orleans
Mintage: 17,781
Catalog: KM-56
Obverse Designer: William Kneass
Reverse Designer: William Kneass
Composition: Gold
Fineness: 0.8990
Weight: 4.1800g
AGW: 0.1208oz
Melt Value: $154.81 (8/23/2014)
Diameter: 18.2mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1839 O $2.5 MS obverse 1839 O $2.5 MS reverse


  
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Description & Analysis

On March 3, 1835, Congress passed 'An Act to Establish Branches of the Mint of the United States.' Section 1 of that Act authorized branches in New Orleans, Charlotte, and Dahlonega, and provided funds for property and facilities: 'Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That branches of the mint of the United States shall be established as follows: one branch at the city of New Orleans for the coinage of gold and silver, one branch at the town of Charlotte, in Mecklinburg county, in the state of North Carolina, for the coinage of gold only, and one branch at or near Dahlonega, in Lumpkin county, in the state of Georgia, also for the coinage of gold only. And for the purpose of purchasing sites, erecting suitable buildings, and completing the necessary combinations of machinery for the several branches aforesaid, the following sums, to be paid out of any money in the treasury not otherwise appropriated, shall be, and hereby are, appropriated: for the branch at New Orleans, the sum of two hundred thousand dollars, for the branch at Charlotte, fifty thousand dollars, for the branch at Dahlonega, fifty thousand dollars.'

The Act also specified that officers would be appointed, outlined salaries, provided for an oath of office, specified that general direction of the branches would be maintained in Philadelphia, and extended all coinage laws to each of the branches.

Three years passed before the three facilities were completed and ready for coinage. In New Orleans, the first coins issued were half dimes and dimes each dated 1838. The 1838-O half dollars would follow. Quarter dollars and quarter eagles followed in 1839, half eagles in 1840, eagles in 1841, silver dollars in 1846, gold dollars in 1849, double eagles in 1850, a single three cent piece in 1851, and a single three dollar piece in 1854.

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: 6/17/2014

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

1839 O $2.5 MS
  GVGFVF4045505355586061626364656667686970
Base $ 400 450 600 975 1900 1900 3150 4050 5650 8000 12000 15500 23000 28000 47500 87500 - - - - -
$ 2350 3500 4450 6150 8800 13500 18000 25000 32500 64500 97500 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 314
Low Grade: F
Average Grade: 53
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
9/6/2014 AU 55   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1209/Lot# 3349


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/16/1999 NGC XF 45   Teletrade Auction 1163, 1163/Lot# 1534 $896.75
5/30/2005 NGC MS 61   Goldberg May 30 - June 16, 2005 Pre-Long Beach Coin Auction, 31/Lot# 758 $8,050.00
1/2/2006 NGC VF 35   David Lawrence Rare Coins Internet-Only Auction #69, 74/Lot# 1021 $1,069.50
9/6/2012 PCGS AU 55   Heritage Auctions 2012 September 6-9 US Coins Signature Auction- Long Beach Session(3), 1174/Lot# 4775 $5,581.25
5/19/2013 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 05/19/2013, 75/Lot# 116624 $12,375.00
2/3/2014 NGC AU 53   Heritage Auctions 2014 February 3 - 5 US Coins Signature Auction - New York Session(3), 1202/Lot# 4546 $5,287.50
3/28/2014 PCGS AU 50   Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 6176 $3,055.00
8/6/2014 NGC AU 53   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 11056 $3,525.00


NGC Registry

NGC Registry Score 1839 O $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base111811100514662073252529653216354837474431546665457543134261944928620427426471799249
1127187511581668222326713048332636143975477658256877950415433225063332750067762270
00000022232671304833263614397547765825687795041543322506333275006700
000000237428183132343736804203512161857210114651744125563380345739200
1839 O $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base0000000000000000000000
0000000000000000000000
0000000000000000000000
0000000000000000000000
Registry Image Gallery
Grade: AU Details
Points: 1263
Owner: JTO
 
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