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: $155.30 (8/1/2014)
Diameter: 18.2mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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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 - - - -
NGC Price and Value Guides Disclaimer

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
2/1/2009 NGC MS 61   Goldberg February 1-4, 2009 Pre-Long Beach Coin and Currency Auction, 51/Lot# 1345 $19,550.00
5/30/2012 NGC AU 50   Stack's Bowers The June 2012 Baltimore Auction, 137/Lot# 4130 $6,037.50
7/7/2013 PCGS XF 45   GreatCollections GreatCollections Coin Auctions 07/07/2013, 82/Lot# 116912 $7,700.00
1/8/2014 NGC Details XF Details  Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(5), 1201/Lot# 6419 $2,350.00
1/14/2014 NGC MS 63   Prooflike Heritage Auctions 2014 January 14 - 16 Selections Fom the Eric P. Newman Collection Part III Signature Auction - New York Session(2), 3029/Lot# 30400 $1,762.50
2/27/2014 NGC Details AU Details  Heritage Auctions 2014 February 27 - 28 & March 2 Mid-Winter ANA US Coins Signature Auction - Atlanta Session(4), 1203/Lot# 5168 $2,350.00


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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