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: $137.05 (9/3/2015)
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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VarietyPlus®

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.


GRADE SUMMARY

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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
  GVGFVFXF5053555861626364656667686970
Base $ 450 550 700 1150 2250 3900 5400 6900 9250 16500 24500 35500 58500 145000 - - - - -
$ 2750 - 5900 7750 10000 - - - - - - - -

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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Census

 
NGC GRADE SUMMARY

Total Graded: 319
Low Grade: F
Average Grade: 53
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
9/20/2015 MS 64   Heritage Auctions 2015 September 17 - 20 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1224/Lot# 4143


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/26/2002 PCGS XF 40   Heritage Auctions 2002 September Long Beach Signature Sale #300, 300/Lot# 7965 $1,035.00
2/6/2006 NGC XF 45   David Lawrence Rare Coins Internet Auction # 73, 78/Lot# 999 $1,380.00
11/11/2007 PCGS AU 53   Teletrade Auction 2447, 2447/Lot# 2410 $3,472.00
1/29/2012 NGC Details F Details  Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1164 $391.00
9/2/2012 NGC MS 61   Goldberg September 2-5, 2012 The September 2-5, 2012, 70/Lot# 2007 $8,970.00
9/6/2012 PCGS AU 55   Heritage Auctions 2012 September 6-9 US Coins Signature Auction- Long Beach Session(3), 1174/Lot# 4775 $5,581.25
5/19/2013 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 05/19/2013, 75/Lot# 116624 $12,375.00
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
 PrAgGVGFVF4045505355586061626364656667686970
Base9081066120613931843261429103406395244034992556363247374847210135137621947328621427426471799249
961111312681543210027133075358841024599518258176674774090261134415666225223332850067762280
000000307535884102459951825817667477409026113441566622522333285006700
000000324137704253479653736070702481069581125531756925572380355739200
1839 O $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base0000000000000000000000
0000000000000000000000
0000000000000000000000
0000000000000000000000
Registry Image Gallery
Grade: MS 61
Points: 6324
Owner: Lafitte Coin Company
 
Grade: AU Details
Points: 1703
Owner: JTO
 
View the Registry Image Gallery

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