Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: Philadelphia
Mintage: 2,824
Catalog: KM-72
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $147.05 (9/30/2014)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1864 $2.5 MS obverse 1864 $2.5 MS reverse


  
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Description & Analysis

The turbulent economic conditions of the Civil War probably meant that Quarter Eagles were melted in 1864 almost as quickly as the Philadelphia Mint could strike them. It is little wonder, therefore, that the Mint limited its production of this denomination to a mere 2,824 business strikes [this year]. This meager mintage was divided into 424 pieces on February 25 and 2,400 pieces on December 6. Unlike on proofs of this issue, Liberty's ear is filled on all extant business strikes. Akers (1975) estimates that only 7-8 coins are extant, but the certified population indicates a slightly higher figure. Akers also stated that the 1864 Quarter Eagle was unknown in Mint State in the numismatic community of the mid-1970s. Although this has since changed...this issue is still among the premier condition rarities in this long-lived series.

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: 10/1/2013

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

1864 $2.5 MS
  GVGFVF4045505355586061626364656667686970
Base $ 2350 2750 4000 7500 16500 16500 32000 43500 52500 62500 77500 - - - - - - - - - -
$ 18750 36000 50000 58500 68500 87500 - - - - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 8
Low Grade: VF
Average Grade: 55
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
7/31/2009 PCGS AU 53   Heritage Auctions 2009 August Los Angeles, CA US Coin Auction #1128, 1128/Lot# 1227 $32,200.00
10/13/2011 NGC AU 58   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(3), 1160/Lot# 4716 $40,250.00
10/18/2012 NGC AU 58   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(4), 1175/Lot# 5593 $49,937.50
3/20/2014 NGC AU 55   Heritage Auctions 2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco Session(1), 1205/Lot# 30279 $48,468.75
6/4/2014 PCGS Genuine Genuine   Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(3), 1206/Lot# 4766 $7,637.50
9/18/2014 NGC XF 45   Heritage Auctions Weekly World and Ancient Coin Auction Session(1), 231439/Lot# 64372 $108.10


NGC Registry

NGC Registry Score 1864 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base236426452950328136394935612970147357757078698058851592341297716520214272832029398305063164432814
245727463060340040715333642471287428766979328210875410481141581815523724286792976730885320340
00000064247128742876697932821087541048114158181552372428679297673088500
00000067197242749977697995836289941172915339197912602229038301363126400
1864 $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base24892624276534064160603870817898802981148238831987569211968210171106781120411749123131289713501
2534267129783657478663857353794180578155826584648907936898451034010853113851193712507130980
000000735379418057815582658464890793689845103401085311385119371250700
0000007625798580858196829286109059952510008105091102811567121251270200
Registry Image Gallery

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