The 1864 Liberty Head $2.50 Gold Coins were minted in Philadelphia in which only 2,824 were made. As is the case with all pre-1933 U.S. gold coins, even fewer remain today than were originally minted, making them scarce in today’s market. This was due to the U.S. Government ceasing minting gold as currency and recalled all outstanding coins held by citizens. Sadly, most were melted down into bars to pay debts.
Designed by Christian Gobrecht, the Liberty Head $2.50 Gold Coin compares in size to the U.S. dime. The value of the 1864 gold coin is significant and better quality specimens are selling for top dollar. Of course, as is true of most coins as old as the 1864 Liberty Head $2.50 Gold Coin, the condition of the coin in question means everything to collectors. This is why you will see collectors paying top-dollar for those gold coins in excellent condition.
For coins that have been around for several decades, the coin’s condition is of utmost importance. While these coins may be valued by collectors in any condition, collectors will likely only look to obtain coins that are considered pristine. Finding Liberty Head $2.50 Gold Coin in this condition can prove challenging, however.
When you are examining a coin’s condition, you are trying to get an idea of what grade that coin may be assigned. Although the actual grade assignment must be given by a professional coin grading company, you can use the guidelines below to get a good idea of how your coin may be graded.
Uncirculated: This is the coin type that the majority of coin collectors will be looking to obtain. These coins have never exchanged hands in everyday use, and have therefore not been subjected to the damage associated with circulation. Looking at these coins, they will look as if they were freshly minted and have not been handled by human hands.
Extremely Fine: Coins in extremely fine condition may also be sought after by collectors. These coins will, however, show some signs of use over the years. They will have very minimal damage, however, that may only be seen upon close examination. To the naked eye, these coins will appear to be in near-perfect condition.
Fine: Coins that are assigned a grade of fine will have noticeable signs of damage and wear from use over the years. This damage, however, is not enough to affect the integrity of the coin’s images or inscriptions. There will likely be some significant scratches to the coin’s surfaces.
Good: The majority of Liberty Head $2.50 Gold Coins on the open market today are considered to be in good condition. These coins have been exchanged extensively over the years and will have many scratches and blemishes. Collectors will most often avoid coins in this condition and look for gold coins with higher grades. Despite this, these coins may still hold some value because they are one of the earlier editions.
When it comes to giving the 1864 Liberty Head $2.50 Gold Coin an accurate price, the way to determine this is by taking notice of a few different aspects of the coin. First and foremost, the grade/condition of the coin will play very heavily into how it is priced. Because collectors are eager to attain those coins that are in excellent condition, they will naturally pay more for those coins than the coins that are in subpar condition. The chart below will give you a decent idea of what you can expect to pay for a 1864 Liberty Head $2.50 Gold Coin given its condition.
Liberty Head $2.5 Gold Coin
|1864 Liberty Head $2.5 Gold Coin||N/A||N/A||$15,000||$27,500||Source: Red Book|