Coin Specifications

Category: Indian Head $2.50 (1908-1929)
Mint: Philadelphia
Mintage: 236
Catalog: KM-128
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1210oz
Melt Value: $150.10 (2/13/2016)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1908 $2.5 PF obverse 1908 $2.5 PF reverse

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There are no NGC varieties for this coin.

Description & Analysis

The mintage for proof 1908 quarter eagles was a reported 236 pieces. It is possible that the mint actually struck this many pieces, perhaps anticipating increased collector demand as a result of the new matte finish, and it is also possible that all 236 pieces were distributed. However, if all coins struck were indeed distributed, attrition took a very high toll on this date.

It is known that public reaction was not favorable to the new proofing finish, collectors much preferring the more traditional brilliant, mirrorlike finish. As a result, many proofs entered circulation and today are unrecognizable as such. Mintages dwindled over the next several years as the mint was unable to interest collectors in its more 'artistic' finished proofs and by 1915 the experiment was over. Today matte proof coins are highly prized and much better understood by the collecting public, therefore auction prices are consistently higher for matte proof gold than its brilliant counterparts.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 10/12/2015

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

1908 $2.5 PF
Base $ - - - - - - - - - 5250 7100 11500 18000 32000 49500 76500 - - -
$ - - - - - - - - - - - - -

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Total Graded: 129
Low Grade: 60
Average Grade: 65
High Grade: 68

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
3/20/2003 NGC PF 66   Heritage Auctions 2003 Charlotte ANA National Money Signature Sale #316, 316/Lot# 6248 $16,100.00
2/11/2007 NGC PF 66   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 2195 $23,287.50
9/23/2007 NGC PF 67   Teletrade Auction 2425, 2425/Lot# 2538 $29,120.00
2/3/2011 NGC PF 66   Heritage Auctions 2011 February Long Beach Signature US Coin Auction Session(3), 1152/Lot# 4396 $25,300.00
8/15/2011 NGC PF 63   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 9273 $8,050.00
10/18/2012 NGC PF 67   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(4), 1175/Lot# 5768 $35,250.00
10/18/2012 NGC PF 65   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(4), 1175/Lot# 5766 $23,500.00
1/9/2013 PCGS PF AU 58   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(6), 1181/Lot# 7010 $4,406.25
8/5/2014 PCGS PF 66   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(4), 1208/Lot# 5640 $38,187.50

NGC Registry

NGC Registry Score 1908 $2.5 PF
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