Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: San Francisco
Mintage: 15,200
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $155.49 (10/19/2017)
Diameter: 18mm
Edge: Reeded
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1859 S $2.5 MS obverse 1859 S $2.5 MS reverse


  
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Description & Analysis

In November 1858, the Philadelphia Mint shipped six quarter eagle obverse dies to its branch mint in San Francisco. These were combined with leftover reverse dies from 1856 to produce the 15,200 1859-S quarter eagles. Like most S-mint issues of the era, the majority of these pieces entered circulation and suffered a catastrophic attrition rate. If the story ended there, the '59-S quarter eagle would simply take its place as yet another early western gold coin that is inconspicuous by its rarity. Modern numismatists, however, have attached importance and charm to all S-mint issues of 1859. There is little doubt that this added fame stems, in part, from the 1859-S Seated dollar issue. The first of its kind struck at the west coast facility, this issue opened an era of close trade relations with the Orient that would increase in intensity over the next several decades. While the silver dollar is an important and respected coin in its own right, we feel that it has limited, not enhanced, the respect due its quarter eagle counterpart.

Knowledgeable gold collectors realize that this issue is one of the most underrated in the entire gold 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: 8/8/2017

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1859 S $2.5 MS
  GVGFVFXF505355586061626364656667686970
Base $ 450 500 585 725 1200 2100 2500 2850 3550 5250 6350 9250 19750 29500 - - - - - -
$ - - - - 3900 - - - - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 96
Low Grade: VG
Average Grade: 53
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
11/4/2017 AU 58   Heritage Auctions 2017 November 2 - 4 US Coins Signature Auction - Dallas Session(4), 1261/Lot# 17759


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/21/1996 NGC AU 50   Teletrade Auction 0817, 817/Lot# 840 $1,529.75
10/4/2007 NGC AU 55   David Lawrence Rare Coins Thursday - Internet Auction # 183, 189/Lot# 6821 $2,530.00
5/25/2008 NGC AU 58   Goldberg May 25-27, 2008 Pre-Long Beach Coin and Currency Auction, 47/Lot# 4568 $2,990.00
1/7/2009 NGC AU 58   Heritage Auctions 2009 January Orlando, FL FUN Auction #1121, 1121/Lot# 5232 $1,725.00
11/3/2010 NGC AU 58   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 4880 $2,309.20
3/9/2014 PCGS MS 61   GreatCollections GreatCollections Coin Auctions 03/09/2014, 167/Lot# 177846 $6,050.00
3/21/2014 NGC AU 58   Heritage Auctions 2014 March 21 & 23 US Coins Signature Auction - San Francisco Session(2), 1198/Lot# 10551 $2,291.25
3/27/2016 NGC VG 8   Heritage Auctions Internet Coin Auction Session(1), 131614/Lot# 21209 $493.50


NGC Registry

NGC Registry Score 1859 $2.5 MS S Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base597646695925121718952257256132943679416644474646533865746942732577238137856890159479
6136627711022144320152358280534223841425945134876575066967069745778618280871791690
0000002358280534223841425945134876575066967069745778618280871700
0000002459304935504003435345795107616268197197759079998424886600
1859 $2.5 MS S
 PrAgGVGFVF4045505355586061626364656667686970
Base949106611381252142118862215252527542936326039024246499267877910120491718624920367043800939348
98810901176130815761996231826012815304434744017449555907161929013761197642884837139384550
00000023182601281530443474401744955590716192901376119764288483713900
000000242226782875315236884131474361897536106691547422342327763757400
Registry Image Gallery
Grade: AU 55
Points: 2936
Owner: Desert Gold
 
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