The 1867 Liberty Head $2.50 Gold Coins are popular collectible coins that numismatists respect for their art, history, and gold content. In 1867, the Philadelphia and San Francisco (S) mints struck the quarter eagle. The San Francisco Mint, right in the heart of Gold Rush country, provided the greater supply of that year’s $2.50 gold coins with the Philadelphia Mint providing the smaller of the two outputs for the year.
Today $2.50 seems like an odd denomination, but it made a lot of sense back in the day when you were regularly seeing $5, $10, and $20 gold pieces. Because it was a smaller denomination, these coins tended to see a lot of circulation, especially out west where gold was being mined and where paper money was disliked and sometimes refused. So it is not uncommon to see these coins with signs of lots of wear.
These coins have been in existence over a century, and given the length of time they have been produced, the coin’s condition will be very important in determining its value. Typically, only coins that are in nearly perfect condition will be purchased by coin collectors. Finding these coins in such condition can prove challenging, however.
When you are looking at a coin, you are effectively trying to determine the coin’s grade. While coin grades are assigned by professional coin grading companies, you can use the guidelines below to see what Liberty Head $2.50 Gold Coin in various conditions may look like.
Uncirculated: Considered to be the top condition, collectors desire to acquire coins that have not been used in circulation. Because these coins have not been used in circulation, they have not been subjected to many of the damaging issues typically encountered by coins. Just a glimpse at these coins and you will think they were freshly struck and just released by the mint.
Extremely Fine: Coins in extremely fine condition will have some very minor defects, although they may still be coveted by coin collectors. To earn this grade, the coin must have only minor imperfections such as scratches and must appear to be nearly new. It is only under a close visual inspection that the coin’s imperfections become apparent.
Fine: Coins in fine condition have been widely circulated and will show signs of wear and tear, especially as they age. While these coins may have scratches or other imperfections, the coin’s images and text still remains fully intact.
Good: Most Liberty Head $2.50 Gold Coins on the open market today would fall into this category. These coins have been heavily circulated for years, and they will have obvious scratches, dents or other issues. Coin collectors may skip these coins in favor of coins that are in better physical shape. Nevertheless, these coins can be valuable, even to collectors, depending on mint year and relative scarcity.
There are two major components when it comes to trying to value a coin. The first is determining the type of coin. Some mint years, like the 1867, will have multiple types that were produced. In addition to the coin type, you must also determine the coin’s condition and possible grade. The chart below will give you an idea as to what a 1867 Liberty Head $2.50 Gold Coin might be valued at depending on its type and grade.
Liberty Head $2.5 Gold Coin
|1867 Liberty Head $2.5 Gold Coin||N/A||N/A||$650||$1,200|
|1867 Liberty Head $2.5 Gold Coin (S)||N/A||N/A||$650||$1,250||Source: Red Book|