Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: New Orleans
Mintage: 19,800
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $198.37 (3/29/2020)
Diameter: 18mm
Edge: Reeded
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1842 O $2.5 MS obverse 1842 O $2.5 MS reverse
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Description & Analysis

Jeff Garrett: With just 19,800 coins struck, the 1842-O Liberty Head issue has one of the lowest mintages of any New Orleans quarter eagle. The date is scarce in any grade and usually seen in lower grades. The population reports indicate that slightly more than a dozen coins have been graded Mint State. It is the author's experience that the coin is far rarer than that, and that the high numbers probably represent multiple submissions of the same examples. The date is often, but not always, seen very weakly struck in the central portions. The Smithsonian example is in lustrous About Uncirculated condition. NGC lists two coins at the MS 64 level, but neither have appeared at public auction.

GRADE SUMMARY

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Price Guide

Last Updated: 1/3/2020

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1842 O $2.5 MS
  GVGFVFXF505355586061626364656667686970
Base $ 350 395 450 650 1200 1850 2250 5275 5500 9750 10250 12000 27000 55000 - - - - - -
$ - - - - - - - 14000 - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 165
Low Grade: F
Average Grade: 50
High Grade: 64

The chart showing F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series.
NGC CENSUS DETAIL Last Updated: 3/24/2020 1842 O $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---11714391616262344131------165
-------------1--------1
---------------1------1
-----------------------
Total---11714391616262344232------167
 ---1%10%8%23%10%10%16%14%2%2%1%2%1%------ 

NGC Registry

NGC Registry Score 1842 O $2.5 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base6206678201271216928232862290039144419504053935598628678858305874291969667101551066211187
635718970157023872836287432384082462651575461582768198025845088939353982910324108370
00000028743238408246265157546158276819802584508893935398291032400
00000028873576425048335275552960567352816585969044951099921049300
1842 O $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base674856900966111719692319258528343467414151045515621678598849152952211132474484085000851647
7358719221016140120862408266830453692446252415749676481891099817567255653778548941505540
000000240826683045369244625241574967648189109981756725565377854894100
000000249627513256391647835378598273118519131461983929020430974947500
Registry Image Gallery
Grade: AU 58
Points: 4141
Owner: Northwest Collection
 
Grade: XF Details
Points: 985
Owner: B.L. Birdy
 
View the Registry Image Gallery

Related Articles

The Coinage of 1842: Part Two

1/1/2007 — David Lange continues his in-depth retrospective of 1842 coinage.
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The Coinage of 1842: Part One

12/1/2006 — 1842 was a distinctive transition year for U.S. coin denominations, as David Lange demonstrates in the following retrospective.
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