Coin Specifications

Category: Indian Head $2.50 (1908-1929)
Mint: Philadelphia
Mintage: 236
Catalog: KM-128
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $146.75 (10/2/2014)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1908 $2.5 PF obverse 1908 $2.5 PF reverse


  
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Description & Analysis

The mintage for proof 1908 quarter eagles was a reported 236 pieces. It is possible that the mint actually struck this many pieces, perhaps anticipating increased collector demand as a result of the new matte finish, and it is also possible that all 236 pieces were distributed. However, if all coins struck were indeed distributed, attrition took a very high toll on this date.

It is known that public reaction was not favorable to the new proofing finish, collectors much preferring the more traditional brilliant, mirrorlike finish. As a result, many proofs entered circulation and today are unrecognizable as such. Mintages dwindled over the next several years as the mint was unable to interest collectors in its more 'artistic' finished proofs and by 1915 the experiment was over. Today matte proof coins are highly prized and much better understood by the collecting public, therefore auction prices are consistently higher for matte proof gold than its brilliant counterparts.

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: 9/11/2014

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

1908 $2.5 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 4000 4250 6100 10500 17000 31250 47500 57000 - - -
$ - - - - - 4300 4650 6500 11300 18300 33600 - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 133
Low Grade: 60
Average Grade: 65
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/11/2007 NGC Proof 66   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 2195 $23,287.50
4/2/2007 NGC Proof 67   Teletrade Auction 2348, 2348/Lot# 2323 $31,360.00
3/8/2012 NGC Proof 63   Heritage Auctions 2012 March 8-9 US Coin Signature Auction - New York Session(2), 1168/Lot# 3997 $8,050.00
5/30/2012 NGC Proof 66   Stack's Bowers The June 2012 Baltimore Auction, 137/Lot# 4208 $23,000.00
1/9/2013 PCGS Proof AU 58   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(6), 1181/Lot# 7010 $4,406.25
4/24/2013 NGC Proof 66   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(5), 1184/Lot# 4477 $38,187.50
8/6/2014 NGC Proof 66   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 13190 $30,550.00


NGC Registry

NGC Registry Score 1908 $2.5 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base111111111381184323622643280732383868481754666007682083381075413590
1111111461153520162455269729503448418450335646627873269143116990
000000146115352016245526972950344841845033564662787326914300
000000192116892189254927523094365845005249582665497832994800
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