Description and Analysis

Liberty Head $2.50
1878 $2.5 PF

Description & Analysis

The Philadelphia Mint struck a not insignificant 286,240 mint state gold quarter eagles in 1878. However, many were placed into circulation. While lower-end mint state coins are available, coins or higher in gem are extremely rare. Even though over a quarter of a million mint state quarter eagles were struck this year, the Mint only produced a mere 20 proofs. This has made the proof 1787 quarter eagle among the rarest proof quarter eagles with perhaps 10-12 known.