Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: Philadelphia
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $215.99 (4/21/2021)
Diameter: 18mm
Edge: Reeded
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1862 $2.5 MS obverse 1862 $2.5 MS reverse
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Description & Analysis

The certainty of an early Civil War victory for the Union turned into doubt and dismay in the North during 1862, with a series of Confederate victories--chiefly the Seven Days Battles and the Second Battle of Bull Run (Second Manassas)--in the spring and summer leaving the conflict's outcome unpredictable. The populace predictably turned to hoarding, beginning with gold and silver coins, which promptly disappeared from circulation. Banks suspended specie payments in 1861-62. By the second week of July 1862, Indian Head cents and other minor currency was gone from commerce as well, replaced by scrip, fractional currency, and private tokens, including the historic Civil War tokens with patriotic themes and merchant store cards.

In the case of the P-mint quarter eagles, production dropped from more than 1.2 million pieces in 1861 to 98,508 business strikes in 1862. Pieces in the higher Mint State grades are seldom encountered, and the average certified grade is only about AU55.

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: 9/4/2020

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

1862 $2.5 MS
  GVGFVFXF505355586061626364656667686970
Base $ 435 450 500 575 975 1400 1750 2000 3500 4600 5000 6750 10000 25000 - - - - - -
$ - - - - 3800 - - 7150 11500 40000 - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 278
Low Grade: VF
Average Grade: 55
High Grade: 64

The chart showing 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: 4/20/2021 1862 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----6317122554918381653------278
-----------------------
-------------1-1------2
-----------------------
Total----6317122554918381754------280
 ----2%1%6%4%9%19%33%3%14%6%2%1%------ 

NGC Registry

NGC Registry Score 1862 $2.5 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base54458862972988413211594182525282888333635943922449152776665703674237825824486789130
558601662780102914121671205926483037342237034111475357396788716575577964838888289587
0000001671205926483037342237034111475357396788716575577964838800
0000001748229327683186350838124301501562026912729476918104853300
1862 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base6748028479081173153119492233246426993033367539024261535776518062954114055210102187522766
71781786799612921670204423102542281032473751402246266122778885551104616373212982217223904
0000002044231025422810324737514022462661227788855511046163732129800
0000002138238726212922346138264141499268867925904812550186922158700
Registry Image Gallery
Grade: AU 55
Points: 2699
Owner: Desert Gold
 
Grade: AU 53
Points: 2464
Owner: DON PATE
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.