The 1885 Liberty Head $2.50 Gold Coins were struck in the Philadelphia mint, only 800 of these coins were made. Still, far fewer survive today, meaning these coins are extremely scarce. This is common with most pre-1933 U.S. gold coin issues as these coins were not saved in substantial quantities to begin with, and most have been lost or melted.
The 1885 Liberty Head $2.50 Gold Coins were designed by engraver Christian Gobrecht. Liberty Head $2.50 Gold Coins consist of a 90 percent gold and 10 percent copper composition – the ordinary “coin gold” alloy for gold coins of the time period. The Liberty Head $2.50 gold coins weigh 4.18 grams and have a diameter of 18 millimeters, meaning they are roughly the diameter of a standard U.S. dime. These gold quarter eagle coins contain a total of 0.1202 ounces of gold.
For collectors, the condition of a coin is everything because it is never the goal to add a tarnished coin to a collection. When it comes to those people who are attempting to put a Liberty Head $2.50 Gold Coin collection together, you will find that even the smallest imperfections can mean the difference between someone buying the coin and bypassing it.
Under normal circumstances, the process of judging the condition of a coin is known as grading and is completed by certified companies, of which many exist. Knowing that grading coins is a timely and expensive process, we have provided below some specifications attached to the different coin grades.
Uncirculated: An Uncirculated 1885 Liberty Head $2.50 Gold Coin is one that never saw any time exchanging hands on the open market. These coins have been well-preserved through the years and show no signs of damage.
Extremely Fine: In this condition, the coin in question will have been subjected to a decent bit of damage during it short time in circulation. Though any and all wear is only really visible under close inspection, it becomes quite easy to tell that these coins were circulated and not simply kept in a safe their entire lives.
Fine: A coin that is graded to be Fine is one that was circulated for a moderate amount of time, but was pulled out of circulation before it incurred much damage. While there may not be any major signs of wear and tear present on the faces of the coin, you will notice that the coin itself will have lost much of its texture, giving it a smoother feel than anything else.
Good: A coin that is receiving of a Good grade is one that really and truly shows its age. These coins were the most heavily circulated of them all and will have things like major scratches, chips, and might even be bent. These are, as you might have guessed, also some of the most affordable Liberty Head $2.50 Gold Coins around.
In order to determine the value of an Liberty Head $2.50 Gold Coin, you can look no further than the condition of the coin. Because these gold coins have not been produced for over 100 years, even the most marginal differences in condition will affect the value greatly. Below, you will find a chart aimed at giving you a better idea as to the value of an Liberty Head $2.50 Gold Coin given its grade.
Liberty Head $2.5 Gold Coin
|1885 Liberty Head $2.5 Gold Coin||N/A||N/A||$2,000||$2,750||Source: Red Book|