The 1847 Liberty Head $2.50 Gold Coin was produced at the Philadelphia, Charlotte (C), Dahlonega (D), and New Orleans (O) mints. The 1847-O minted the highest number of gold coins and is one of the most poorly struck issues. Coins of the date are almost always very softly struck in the central portions of the obverse and reverse.
As with most gold coins, all 1847 gold coins are extremely scarce, however, those struck at the Charlotte and Dahlonega mints are the rarest in terms of overall availability. When it comes to collecting these coins, a collector will always look at the condition the coin is in. Seeing as only the most beautiful pieces are added to most people’s collections, it follows that collectors are willing to pay a hefty price to get their hands on a 1847 Liberty Head $2.50 Gold Coin in excellent shape.
The process for grading a coin is not only thorough but is fairly subjective. Coins are put through a rigorous grading process to verify their authenticity and metal content. Coins are also closely examined by teams of expert coin graders to make a determination on their overall condition. While the process follows some strict guidelines, these expert graders are responsible in the end for assigning an appropriate grade to a coin. The better the overall condition of a coin and the higher the grade, the more valuable the coin may be. You can get a very good idea of how your coin may be graded by closely examining your coin looking for any damage or imperfections.
Use the specifications below to determine how your Liberty Head $2.50 Gold Coin might be graded.
Uncirculated: Uncirculated coins will look brand new and appear freshly struck. The images, text and other details of coins in this condition will be clean and the lines and details will be easy to make out. Some coins in this condition will have closely maintained their original color and luster, while others may have very slight discolorations due to age. You can easily use a magnifying glass to examine your coin’s details. A magnifying glass will allow you to see the cleanliness of the details and engraving, and to see if any erosion or wear has taken place. Coins in this condition are generally considered to be in pristine condition.
Extremely Fine: Coins that are assigned a grade of extremely fine are in excellent condition as well. These coins are one step lower on the grading scale, and they may have some slight imperfections, blemishes or discoloration. Some of the coin’s finer details, may have wear and tear or feel worn down to the touch. Despite this, these coins remain beautiful to look at and are highly regarded for their condition.
Fine: The next step down the grading scale, coins in fine condition have maintained their images, text and other details although these details may have visible signs of damage such as dents or scratches. The texture of the coin may be eroded, and the coin’s finish may appear worn down or even dull.
Good: Coins in good condition have significant damage to the images, text or other details. The edges may also be affected by wear and tear. Often times, coins in this condition cannot be identified without a visual aid such as a magnifying glass. Despite their sometimes beat up appearance, coins given a grade of fine may still be very valuable if they are scarce.
When it comes to finding out a price for the Liberty Head $2.50 Gold Coin, you are to look at two main things before anything else. For one, it is important to assess the condition of the coin. Because Liberty Head $2.50 Gold Coins that have been well-preserved sell for the highest prices, the condition matters a lot. Also, because more than one type of coin was produced each year, the specific type will also play into the price. Below is a chart that outlines how much you can expect to pay for a 1847 Liberty Head $2.50 Gold Coin given its type and condition.
Liberty Head $2.5 Gold Coin
|1847 Liberty Head $2.5 Gold Coin||N/A||$10||$400||$750|
|1847 Liberty Head $2.5 Gold Coin (C)||N/A||N/A||$2,250||$3,000|
|1847 Liberty Head $2.5 Gold Coin (D)||N/A||N/A||$2,500||$3,250|
|1847 Liberty Head $2.5 Gold Coin (O)||N/A||N/A||$475||$1,000||Source: Red Book|