Coin Specifications

Category: Indian Head $2.50 (1908-1929)
Mint: Philadelphia
Mintage: 139
Catalog: KM-128
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $150.62 (10/20/2014)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1909 $2.5 PF obverse 1909 $2.5 PF reverse


  
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Description & Analysis

The 1909 and 1910 quarter eagle proofs were struck in the so-called 'Roman gold' finish, a lighter and, most numismatists say, more popular surface treatment than the darker matte finish used in 1908. Dr. Robert J. Loewinger's Proof Gold Coinage of the United States calls the finish 'halfway between a matte and a mirrored finish.' (A single dark matte example is known of the 1910 proof issue, currently graded PR66 NGC.) Mintage figures fell considerably from 1908 to 1909, partially due to the unpopularity of the first-year proofs' appearance, and partially due to the typical lower demand for second-year-of-issue coins. The Garrett-Guth gold Encyclopedia notes of this issue, 'This is far and away the most difficult issue to find in PF-64 or higher grades.... For the collector, this is one of the three most difficult Proof issues to obtain in any grade, and perhaps it is the rarest overall, as the combined PCGS Population Reports and NGC Census show the 1909 quarter eagle to have the fewest Proofs graded of any date in the 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: 8/13/2013

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

1909 $2.5 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 3900 4300 6050 13500 26500 51000 63500 80000 105000 - -
$ - - - - - 4200 4650 7000 15000 29000 57500 74000 90000 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 46
Low Grade: 61
Average Grade: 64
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
7/30/1994 PCGS Proof 65   Matte Heritage Auctions 1994 ANA Sale #122, 122/Lot# 7384 $12,650.00
1/6/1996 PCGS Proof 64   Matte Heritage Auctions 1996 F.U.N. Signature Sale #149, 149/Lot# 5965 $7,920.00
1/3/2007 NGC Proof 67   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 3112 $57,500.00
1/3/2007 NGC Proof 65   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 3111 $35,937.50
3/15/2007 NGC Proof 65   Heritage Auctions 2007 ANA Charlotte National Money Show Auction, Presented by Robert Korver #432, 432/Lot# 1821 $37,375.00
7/14/2013 NGC Proof 61   Matte GreatCollections GreatCollections Coin Auctions 07/14/2013, 83/Lot# 128320 $7,012.50


NGC Registry

NGC Registry Score 1909 $2.5 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base111111111497198725352831300434574118510957876351719887761128314218
1111111499166021692633288831553677444853355975663377249611122610
000000149916602169263328883155367744485335597566337724961100
0000001998182323522732294633063897477855616163691582501044700
1909 $2.5 PF Matte
 PrAgGVGFVF4045505355586061626364656667686970
Base333333331381184323622643280732383868481754666007682083383883169111
33333334621535201624552697295034484184503356466278732618502489240
0000003462153520162455269729503448418450335646627873261850200
0000003921168921892549275230943658450052495826654978322866600
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