Coin Specifications

Category: Liberty Head $2.50 (1840-1907)
Mint: Philadelphia
Mintage: 98,508
Catalog: KM-72
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 4.18g
AGW: 0.1209oz
Melt Value: $163.48 (7/30/2016)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

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: 6/7/2016

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1862 $2.5 MS
  GVGFVFXF505355586061626364656667686970
Base $ 290 325 350 525 825 1700 2150 2450 3400 4400 5350 6400 11000 23000 - - - - - -
$ - - - - - - - - - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 245
Low Grade: VF
Average Grade: 55
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/23/2005 PCGS MS 61   Heritage Auctions 2005 February Long Beach Signature Sale #366, 366/Lot# 7604 $1,351.25
6/17/2010 NGC AU 53   David Lawrence Rare Coins Thursday - Internet Auction # 489, 495/Lot# 5509 $1,667.50
8/15/2012 NGC Details AU Details  Teletrade Auction 3330, 3330/Lot# 2153 $240.00
7/27/2013 PCGS MS 63   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 5076 $9,400.00
10/12/2014 NGC AU 58   GreatCollections GreatCollections Coin Auctions 10/12/2014, 190/Lot# 211367 $2,250.00
7/9/2015 NGC AU 58   Heritage Auctions 2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN Session(3), 1222/Lot# 4420 $2,585.00
2/4/2016 PCGS MS 63   Heritage Auctions 2016 February 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1232/Lot# 3356 $8,342.50


NGC Registry

NGC Registry Score 1862 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base3814154504875277259161081129914271601170718862464300944586579954114055210102187522766
3924264625005937889711153134114851636176620782645349251657566110451637321298221720
000000971115313411485163617662078264534925165756611045163732129800
0000001026122613841543167118262271282739755872855312550186912158600
1862 $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base54458862972988413211594182525282888333635943922449152776665703674237825824486789130
558601662780102914121671205926483037342237034111475357396788716575577964838888280
0000001671205926483037342237034111475357396788716575577964838800
0000001748229327683186350838124301501562026912729476918104853300
Registry Image Gallery
Grade: AU 55
Points: 1427
Owner: Desert Gold
 
Grade: AU 50
Points: 1081
Owner: Whidbey Island Collection
 
View the Registry Image Gallery

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