The Liberty Head $2.50 Gold Coin is a widely recognized and popular U.S. coin minted from 1840-1907. The 1884 Liberty Head $2.50 Gold Coins are popular collectible coins that numismatists enjoy collecting mainly for type sets. Only 1,950 gold coins were made in 1884, all having been made at the Philadelphia mint. Although almost 2,000 coins were made, they are much scarcer today due to melting, which destroyed most pre-1933 U.S. gold coins, making them relatively rare today.
Because these coins are no longer produced, their values may continue to rise with the passage of time. Most of these coins available today will show some wear and tear due to their age and circulation. There are, however, 1884 Liberty Head $2.50 Gold Coins available today that are still in brilliant, uncirculated condition.
When it comes to collectors and coins as old as the 1884 Liberty Head $2.50 Gold Coin, the condition of the coin is everything. Before ever purchasing a piece this old, you will see collectors closely inspect the condition of the coin so that they can identify any and all imperfections.
Under normal circumstances, the process of judging and assessing the condition of a coin as old as the 1884 Liberty Head $2.50 Gold Coin is something that is best left to professional grading services. With that said, we know that not everyone can afford or has time to get their coins graded. Knowing this, we have provided some grading specifications below to familiarize you with the characteristics of a graded Liberty Head $2.50 Gold Coin.
Uncirculated: A coin that is graded as being Uncirculated is one that never saw time on an open exchange market. These pieces were instead taken right off the production line and kept in a safe place over the years. This high grade is indicative of coins that have retained all of their texture and imagery, and even some of their original shine.
Extremely Fine: Graded to be Extremely Fine, Liberty Head $2.50 Gold Coins in this condition are ones that have only been circulated for a short period of time. These coins will have retained most of their texture and imagery and will only show light signs of wear. For collectors, these coins are a great addition.
Fine: Coins that receive this grade will have been exchanging hands for a good bit of time and will have incurred some damage during that time. You will find that the heaviest damage is typically found in the form of the smoothing of the images and inscriptions.
Good: Good is the grade given to coins that were circulated for decade upon decade. These coins will have incurred any number of different types of damage, including scratching, chipping, and even bending. The imagery and inscriptions will be difficult to make out and the coin will appear very worn.
In order to determine a price for the Liberty Head $2.50 Gold Coin you must look primarily at the condition the coin is in. Because these gold coins are so old, even the most marginal aesthetic differences can mean major differences as far as value is concerned. Below exists a chart aimed at giving you a better idea as to what an Liberty Head $2.50 Gold Coin will be worth given its grade.
Liberty Head $2.5 Gold Coin
|1884 Liberty Head $2.5 Gold Coin||N/A||N/A||$400||$700||Source: Red Book|