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: $145.13 (3/4/2015)
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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There are no varieties for this coin.

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.


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Price Guide

Last Updated: 8/27/2014

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

1838 C $2.5 MS
Base $ 600 700 1300 2700 4900 4900 10300 11500 13900 20500 27500 31500 36000 49000 70000 - - - - - -
$ 5750 11000 13500 15500 22000 30000 33000 39000 55000 77000 - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
9/19/2005 PCGS AU 55   Goldberg September 19-21, 2005 Pre-Long Beach Coin and Currency Auction, 32/Lot# 2337 $11,500.00
8/15/2011 NGC AU 55   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 9178 $9,200.00
8/2/2012 NGC AU 55   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(3), 1173/Lot# 4459 $9,987.50
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
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# 30227 $2,467.50
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
1838 C $2.5 MS Prooflike
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