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: $129.61 (12/1/2015)
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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There are no NGC varieties for this coin.

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.


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Price Guide

Last Updated: 3/23/2015

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

1839 O $2.5 MS
Base $ 450 550 700 1150 2250 3900 5400 6900 9250 16500 24500 35500 58500 145000 - - - - -
$ 2750 - 5900 7750 10000 - - - - - - - -

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Total Graded: 315
Low Grade: F
Average Grade: 53
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
5/16/1999 NGC XF 45   Teletrade Auction 1163, 1163/Lot# 1534 $896.75
1/12/2005 PCGS AU 58   Heritage Auctions 2005 Ft. Lauderdale FL. (FUN) Signature Sale #360, 360/Lot# 8527 $6,037.50
1/2/2006 NGC VF 35   David Lawrence Rare Coins Internet-Only Auction #69, 74/Lot# 1021 $1,069.50
1/29/2012 PCGS XF 45   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1163 $2,185.00
5/19/2013 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 05/19/2013, 75/Lot# 116624 $12,375.00
7/11/2013 NGC XF 45   Heritage Auctions 2013 July 11 - 14 US Coins Signature Auction - Orlando Session(2), 1187/Lot# 3545 $2,350.00
7/6/2014 NGC AU 53   GreatCollections GreatCollections Coin Auctions 07/06/2014, 188/Lot# 204760 $360.00
10/31/2014 PCGS AU 50   Stack's Bowers November Baltimore 2014, 6039/Lot# 5321 $2,837.63

NGC Registry

NGC Registry Score 1839 O $2.5 MS
1839 O $2.5 MS Prooflike
Registry Image Gallery
Grade: MS 61
Points: 6324
Owner: Stiel Coin Collection
Grade: AU Details
Points: 1703
Owner: JTO
View the Registry Image Gallery

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