Capped Head $2.5 (1821 – 1834)

#1 Capped Head $2.5 Buyer Las Vegas & Henderson

History

After the initial mintage of $2.50 gold coins was made from 1796 to 1807, a single
year design change was made in 1808 that is known as the Draped Bust design. Very few of these coins were minted and fewer still survive to the present making this a significant rarity. It wasn’t until 1821 when the United States would once again mint a $2.50 gold coin. This new series of $2.50 gold coins, which lasted from 1821 to 1834, was known as the “Capped Head” design. In this design, the image of Liberty was made consistent with that of both the five and ten dollar series of that type. The new design had the image of Liberty without the bust line and now facing left. The large turban style cap of the 1796 series was replaced with a much smaller cap. As with the prior series, the $2.50 coin is referred to as a “Quarter Eagle” to indicate that the coin is one quarter the denomination of the “Eagle” or ten dollar coin. The composition and weight was maintained from the previously issued series, (minted in a composition of .9167 gold with the remainder being silver and copper to provide durability with a weight of 4.37 grams). The coin’s diameter however was reduced to approximately 18.5 mm. This Capped Head $2.50 coin was minted in Philadelphia from 1821 until 1827, the mintage continued again from 1829 until the end of the series in 1834, however the diameter was again reduced to 18.2 mm.

As mentioned, the obverse or front of the Capped Head coin displays the head of
Liberty wearing a small rounded cap. The word Liberty appears at the bottom of the cap with Liberty’s hair running out of the cap and down the back of her neck.
Thirteen stars representing the original thirteen colonies surround Liberty’s image and the date of mintage is displayed under her neck. On the back of the coin or reverse, there is an eagle with wings outstretched, clutching both branch and arrows in its talons. There is a shield on the eagle’s breast and a banner over the eagle with the motto, “E Pluribus Unum”. “2 ½ D.” appears underneath the eagle to represent the $2.50 denomination. In 1829 and continuing until the end of the series in 1834, another change was made creating a significant variety. While the images on the obverse and reverse were not changed, the letters, dates and stars were reduced in size along with the aforementioned reduced diameter.

Value

The gold content is a very small aspect of the value of these coins, since their rarity and collectability causes their value to far exceed that of their gold composition. All coins in the series are quite valuable and hard to obtain. If they can be found, common examples in fine condition are generally worth more than six thousand dollars. These same common date coins in low mint state can average between $25,000 and $35,000. Collecting rare date or variety examples of coins from this series will prove especially challenging. Scarce varieties are highly valued, most of which reaching well beyond $60,000 in even low mint state.

Because there are so many varied opinions on the condition (or grade) of a coin, the aforementioned values reflect the highest retail prices that have been obtained for those coins that have been assessed by a third party grading company. Such coins have been authenticated, graded and encapsulated by expert coin grading companies to minimize any doubt as to their authenticity, quality and value and therefore their potential worth.

We Buy Capped Head $2.50 Gold Coins

We want to buy your coins and as a business it is our pledge to offer you the best
value for your coins, however, always remember that the prices you may find online or in price guides usually represent the highest retail value for the coin in an already certified condition. As a trusted dealer we will have our coin specialists evaluate your coins at no cost and offer you a price that is both fair for you, but that also allows us to realize a reasonable profit.