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    1842 Liberty Head $2.50 Gold Coin

    The 1842 Liberty Head $2.50 Gold Coin was minted in four minting facilities including, Philadelphia, Dahlonega, Charlotte and New Orleans. Most 1842 Liberty Head $2.50 Gold Coins are scarce, with the exception of the 1842-O Liberty Head $2.50 Gold Coin. However, many 1842 gold coins have been melted or damaged beyond collectability, meaning far fewer pieces survive today than were originally minted.

    Designed by Christian Gobrecht, the 1842 Liberty Head $2.50 Gold Coins weighs 4.18 grams and contains a total of 0.1202 ounces of gold. They’re also feature a physical diameter measuring 18 millimeters in width. That is just 0.1 millimeter wider than a standard dime.

    Grading the 1842 Liberty Head $2.50 Gold Coin

    The process for grading a coin involves several steps. These steps include visual inspections of the coin’s surfaces and edges, verification of the coin’s authenticity and a determination of the coin’s precious metals content. After all of that is said and done, an expert coin grader, or team of graders, will assign the coin’s final grade. The better the overall condition of the coin, the more potential value the coin may fetch. By closely examining your coins, looking for any imperfections, changes in color or other defects, you may be able to get a good idea of how they might 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 show no damage, changes in color or finish or other defects upon examination. In fact, coins in this condition will look as if they were just pulled from the mint’s presses. The coins details, such as text or images, will appear freshly struck and brand new. The coin’s edges will also feel new, while the finish will have a nice luster to it. By using a magnifying glass, you can carefully examine coins in this condition and see all of the intricate details that were stamped onto the blank.

    Extremely Fine: A coin that is graded extremely fine is just a step below uncirculated on the grading system. Coins in this condition may have some very minor wear and tear or imperfections, although these may only be seen under a magnifying glass or microscope. Some of the coin’s details may also be slightly worn from handling over the years, and the coin may have a slightly different feel to it. Despite this, these coins are still considered to be in excellent condition and are very attractive.

    Fine: A Liberty Head $2.50 Gold Coin in fine condition has some moderate damage, scratches or wear and tear. This damage is usually easily seen with the naked eye. Coins in fine condition may have significant erosion, and they may appear less shiny or even dull.

    Good: Coins that are in good condition may have significant damage to their surfaces, and this can make images or details on the coin difficult to see or read. A magnifying glass may be required to identify the coin or its mint year and location. Even though coins in good condition do not look pristine, they may still have a great deal of value if they are scarce or hard to obtain.

    Pricing the 1842 Liberty Head $2.50 Gold Coin

    When it comes to determining a price for a 1842 Liberty Head $2.50 Gold Coin, there are a few aspects of the coin that you must first consider. For one, because there were multiple editions of the gold coin minted every year, the exact type of coin you possess will play heavily into the asking price. Secondly, the condition of the coin means everything to collectors. Knowing this, it goes without saying that those well-preserved pieces are going to sell for more than coins that have been heavily damaged. The chart below aims to give you a better understanding of what you might be asked to pay for a 1842 Liberty Head $2.50 Gold Coin given its type and condition.

    Liberty Head $2.5 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1842 Liberty Head $2.5 Gold Coin N/A N/A $2,750 $6,000
    1842 Liberty Head $2.5 Gold Coin (C) N/A N/A $3,250 $6,500
    1842 Liberty Head $2.5 Gold Coin (D) N/A N/A $4,250 $8,000
    1842 Liberty Head $2.5 Gold Coin (O) N/A N/A $1,400 $2,500
    Source: Red Book

    All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.