Liberty Head $2.5 (1840 – 1907)

#1 Liberty Head $2.5 Buyer Las Vegas & Henderson

History

Made with 90% gold, (the remainder being 10% copper for durability), the Liberty Head $2.50 gold coin was minted from 1840 until 1907. This $2.50 gold piece was minted in the Philadelphia, San Francisco, New Orleans, Dahlonega and Charlotte mints. The $2.50 gold coin is referred to as a “Quarter Eagle” as a shorthand term for the coin indicating it is one quarter the denomination of an “Eagle” or ten dollar coin. Having been minted for sixty-seven years, the Liberty Head was one of the longest series of gold coins ever minted in the United States. As a result, it is a widely popular series among collectors as there are many ways to collect the coin. There are dates, mintmarks from branch mints no longer in operation as well as many periods of historical significance that can be collected. Like the five and ten dollar gold piece of this same time period, the minting of this coin spanned several periods of the history of the United States and allows the collector to imagine much of that history. Who wouldn’t want to hold in their hand something that represented the California gold rush, the civil war, or the wild west?

The obverse or front of the coin displays a bust of Liberty with her hair pulled back and partially covered by a coronet with the word “Liberty” across the front. Thirteen stars surround Liberty’s head to represent the original thirteen colonies. The date of mintage is displayed below the bust of Liberty. The reverse of the coin displays an eagle with wings outstretched and a shield on its chest. The eagle is clutching a branch in one talon and arrows in the other. The mintmark is just below the eagle and the denomination of the coin below the mintmark at the bottom of the coin.

Value

There are many factors that determine the value of Liberty Head gold coins. First, there is the gold content. The $2.50 Liberty Head gold piece is 18 mm in diameter and had a total weight of 4.18 grams. Since they were made with 90% gold, a large aspect of their value is based purely on that gold content. They have a “2 ½ dollar” face value, but their intrinsic value is tied to the gold content, which is 0.12094 of a troy ounce. As a result, and regardless of other factors, they will always be worth an amount equal to their gold weight consistent with the current gold spot price or “melt value”. Other determiners of value include scarcity, variety, mintmark and condition.

Many of the later years of the series in lower grade condition do not carry a premium much above their gold content. Prices for common date coins do not start to exceed their gold content value until you reach extra fine or better condition coins. Branch mint coins, especially the Dahlonega and Charlotte minted coins carry a substantial premium. Years with significantly lower mintages are also often quite valuable with prices reaching tens of thousands of dollars depending on the condition of the coin. Two coins are especially key and highly valued in any condition. The 1841, of which the total mintage is unknown, could be worth in excess of $200,000 in mint state. The other rarity has a unique story as well. In 1848, approximately 230 ounces of gold were sent from to the Secretary of War from California. The gold was turned over to the Mint and made into Quarter Eagles with the letters “CAL” punched above the eagle on the reverse as a distinguishing mark. In 2006, a high mint state example sold for over $400,000.

Because there are so many varied opinions on the condition (or grade) of a coin, the values mentioned 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 Liberty 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.