Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: Philadelphia
Mintage: 1,520
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $178.17 (11/18/2019)
Diameter: 18mm
Edge: Reeded
Link to this coin

1865 $2.5 MS obverse 1865 $2.5 MS reverse
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Description & Analysis

Like so many gold pieces from the Civil War era, this is a low-mintage rarity. In fact, the Philadelphia Mint coined just 1,520 of these pieces, along with an additional 25 proof examples. In 1988, Walter Breen claimed that this date was unknown in Mint State grades, although a single piece has been certified Mint State today. Unlike the situation a century ago, collectors now seem to focus on the various branch Mint issues, seemingly ignoring these Philadelphia Mint coins. At the end of the 19th century and the beginning of the 20th century, few collectors paid any attention to the various branch Mint issues, and simply acquired one example to represent each year. For those that could afford such coins, proofs were the ideal candidates. Couple this with the hoarding of precious metals that took place in the late 1860s, and the extremely low mintage to start with, and the true rarity of this date and other adjacent dates becomes obvious.

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: 8/22/2019

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

1865 $2.5 MS
  GVGFVFXF505355586061626364656667686970
Base $ 2350 3000 4000 9500 14000 17500 20000 27500 45000 - - - - - - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 17
Low Grade: 45
Average Grade: 53
High Grade: 58

The chart showing 45 series, 50 series, 53 series, 55 series, 58 series.
NGC CENSUS DETAIL Last Updated: 11/12/2019 1865 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------41147-----------17
-----------------------
----------1-----------1
-----------------------
Total------41148-----------18
 ------22 %6 %6 %22 %44 %----------- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/10/1998 NGC AU 53   Heritage Auctions 1998 F.U.N. Signature Sale #181, 181/Lot# 7589 $14,375.00
5/31/2004 NGC AU 53   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 2428 $14,375.00
5/30/2012 NGC AU 55   Stack's Bowers The June 2012 Baltimore Auction, 137/Lot# 4190 $16,215.00
3/9/2014 PCGS VF 35   GreatCollections GreatCollections Coin Auctions 03/09/2014, 167/Lot# 175759 $7,046.60
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# 30280 $5,140.63
8/12/2015 PCGS XF 45   Heritage Auctions 2015 August 12 - 16 ANA US Coins Signature Auction - Chicago Session(2), 1223/Lot# 4302 $11,162.50
10/31/2016 PCGS AU 50   Heritage Auctions 2016 October 31 - November 2 US Coins Signature Auction - New York Session(3), 1241/Lot# 5477 $16,450.00
1/4/2017 PCGS AU 58   Heritage Auctions 2017 January 4 - 9 FUN US Coins Signature Auction - Session(4), 1251/Lot# 5816 $37,600.00


NGC Registry

NGC Registry Score 1865 $2.5 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base30643222338535543730544961276694680968856995706674557858827887139166963610123106291115311696
3116327634413612430356756316673268346921701871957589799884238864932297981029110803113340
000000631667326834692170187195758979988423886493229798102911080300
000000650567706859695870427325772381388568901594799960104601097800
1865 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base2614267128603238429055156181675368867374864490949561100451306317050226763072431868330443425235492
263327342986358946985737637267977049779787949250972211051143921892525359311053226033447346650
00000063726797704977978794925097221105114392189252535931105322603344700
00000065626842721182218944940598841205715721208012804131487326523384900
Registry Image Gallery
Grade: AU 55
Points: 7374
Owner: Hugh Stiel Rare Coins
 
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