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: 4.18g
AGW: 0.1208oz
Melt Value: $148.78 (2/11/2016)
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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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

Jeff Garrett: This is the lowest mintage of the entire type and the only Classic Head quarter eagle with fewer than 10,000 coins struck. In the 1838 the Charlotte Mint began operations, taking advantage of nearby sources of gold. A single pair of dies was used to strike the first quarter eagles, and each coin shows crisp doubling of the mintmark, which at that time was on the obverse of the coins. Striking quality for this date is mixed, with many coins showing waviness on the cheek, presumably from a foreign substance adhering to the dies. Mint State examples are extremely rare, with only a dozen at that level graded by NGC. The finest example of the date was an NGC MS 64 that sold in 2000 for $34,500.

GRADE SUMMARY

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Price Guide

Last Updated: 8/27/2014

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1838 C $2.5 MS
  GVGFVFXF5053555861626364656667686970
Base $ 600 700 1300 2700 4900 10300 11500 13900 20500 31500 36000 49000 70000 - - - - - -
$ 5750 11000 13500 15500 22000 33000 39000 55000 77000 - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 64
Low Grade: 40
Average Grade: 55
High Grade: 63


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/8/1999 PCGS AU 58   Heritage Auctions 1999 F.U.N. Signature Sale #195, 195/Lot# 7740 $12,075.00
2/1/2009 NGC MS 61   Goldberg February 1-4, 2009 Pre-Long Beach Coin and Currency Auction, 51/Lot# 1345 $19,550.00
6/1/2011 PCGS MS 61   Heritage Auctions 2011 June Long Beach Signature US Coin Auction Session(3), 1156/Lot# 4469 $28,750.00
8/15/2011 NGC F 12   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3704 $1,207.50
1/3/2012 NGC AU 55   Heritage Auctions 2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando Session(7), 1166/Lot# 6098 $8,625.00
11/29/2012 PCGS AU 55   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(3), 1177/Lot# 4734 $11,162.50
7/7/2013 PCGS XF 45   GreatCollections GreatCollections Coin Auctions 07/07/2013, 82/Lot# 116912 $7,700.00
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# 30225 $2,350.00


NGC Registry

NGC Registry Score 1838 C $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base11113931683226833864141513756566309668568207198796087681547021322299164270111
11465148918782640363744735310587364346730694674528229110021742024186341774270110
000000363744735310587364346730694674528229110021742024186341774270100
000000388948055483609165596775707277068498132361937127051384394270100
1838 C $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base0000000000000000000000
0000000000000000000000
0000000000000000000000
0000000000000000000000
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