1840 marked the first year of the Liberty Head $2.50 Gold Coin series. Four different mints issued the 1840 gold coin, including the Philadelphia, Charlotte, Dahlonega, and New Orleans mints. As is the case with most gold coins, the 1840 Liberty Head $2.50 Gold Coin is scarce – the Philadelphia and New Orleans coins ranking as the most common, while the Charlotte and Dahlonega coins are considerably rare.
Liberty Head $2.50 Gold Coins were designed by Christian Gobrecht, he served as chief engraver of the U.S. Mint in the 1840s. Liberty Head $2.50 Gold Coins are made from a composition consisting of 90% gold and 10% copper. Liberty Head gold coins weigh 4.18 grams and measure 18 millimeters wide, making them about as wide as a standard dime. In total, 1840 Liberty Head $2.50 gold coins contain a total of 0.1202 ounces of gold.
Grading a coin is no simple process. Coins are put through a number of steps to inspect their overall condition and authenticity. The coin’s metal content is also verified. The visual inspections are performed by a team of expert numismatists, and the coin’s final grade is assigned by these teams of experts. Graded coins may, in general, garner higher premiums than non-graded coins. The better the overall condition of the coin, the more valuable the coin may be. If you carefully inspect your coin and note any damage or imperfections, you can get a very good idea as to how your coin may be graded.
Use the specifications below to determine how your Liberty Head $2.50 Gold Coin might be graded.
Uncirculated: A coin that is in uncirculated condition will display no signs of use or wear. Despite the coin’s age, it will look as if it was minted today. The coin’s details will not show any signs of damage or imperfections. The lines and details will be clear and crisp. The coin’s color and finish, however, may take on a slightly different appearance. You can check your coin by using a magnifying glass to closely inspect any detail. This close examination will allow you to see if the details remain robust or if there has been damage or fading.
Extremely Fine: A step below the uncirculated grade, a coin in extremely fine condition will likely exhibit some very minor wear or damage. The coin may feel smoother to the touch, and the coin’s details may look as if they have eroded slightly over the years. There may be very minor damage to intricate details, although this may not be seen by the naked eye. Nevertheless, a coin in this condition remains a beautiful sight and is considered to be in near-perfect condition.
Fine: A coin in fine condition has very noticeable signs of age and wear that can oftentimes be easily identified. The coin’s images or text may appear worn down or scratched, and the coin’s finish may look duller.
Good: A coin in good condition may have enough damage to make it difficult to determine the type of coin, the minting year and other details. The coin’s color and finish may also appear extremely worn down or discolored. Although coins in good condition have damage, they may still be quite valuable depending on coin type, mintage and other factors.
Determining a price for a 1840 Liberty Head $2.50 Gold Coin is as easy as taking into consideration a few different factors. For one, the fact that multiple types of gold coins were minted every year, the scarcity associated with that specific type will affect the price. Secondly, the condition of the coin, being as important as it is, will play heavily into how much you might be asked to pay for the coin. Below is a list of the prices you might be asked to pay for a graded Liberty Head $2.50 Gold Coin from 1840.
Liberty Head $2.5 Gold Coin
|1840 Liberty Head $2.5 Gold Coin
|1840 Liberty Head $2.5 Gold Coin (C)
|1840 Liberty Head $2.5 Gold Coin (D)
|1840 Liberty Head $2.5 Gold Coin (O)
|Source: Red Book