The 1888 Liberty Head $2.50 Gold Coins are popular gold coins that numismatists enjoy pursuing.
While the U.S. Mint in Philadelphia made some 6,160 of these coins, far fewer exist today, meaning they’re relatively scarce. This is the case with most pre-1933 U.S. coins, which were melted in great numbers during the 20th century, and especially after the nation left the gold standard.
Although Liberty Head $2.50 Gold Coins are no longer being produced today, they have a place in the heart of collectors everywhere and are constantly being sought out by people both at home and abroad. Though everyone is looking for these coins in excellent condition, the truth of the matter is that only very few have been maintained in such a state.
The 1888 Liberty Head $2.50 Gold Coin, like all of this type of coin, was produced a fairly long time ago, and has thus been subjected to plenty of damage over the years. When collectors acquire these coins, the first thing they assess is the condition the coin is in. Naturally, those well-preserved pieces are the ones most highly sought after by collectors.
Realizing that not everyone has the time and money to send a coin away for grading, we have provided below a basic outline aimed at more accurately explaining the characteristics of a coin of a particular grade. By using these specifications, you can derive a rough grade for the coins you own or are thinking of owning.
Uncirculated: Uncirculated Liberty Head $2.50 Gold Coins are those that, after being produced, spent many years in safekeeping; exempt from damage and wear. Though they were produced well over 70 years ago, these coins take on the appearance of newly produced pieces. As you could have guessed, these are, by far, the most appealing Liberty Head $2.50 Gold Coins in the eyes of collectors.
Extremely Fine: A coin deemed to be of Extremely Fine grade is one that spent only a short period of time exchanging hands. These coins will show some wear and tear under extremely close inspection, but are for the most part free of damage. Collectors are also willing to pay top-dollar for coins of this grade.
Fine: A coin receiving of this grade is one that spent a fair amount of time being circulated. Having incurred some noticeable damage, these coins show their age quite aptly. With that said, for their age they are still in fairly good condition. The heaviest and most noticeable wear will undoubtedly be present on the raised aspects of the coins design more so than anywhere else.
Good: This is the grade given to those coins that have been extremely heavily circulated. Through their time exchanging hands, quite a bit of damage and wear has accrued on the faces of the coin. Though in fairly rough shape, even 1888 Liberty Head $2.50 Gold Coins in Good condition are considered to be a great addition to any collection.
In order to determine a price for the Liberty Head $2.50 Gold Coin, the biggest factor you must consider is the condition and grade. Even though very worn versions of the Liberty Head $2.50 Gold Coin are still valuable, the price of these coins dramatically increases as the condition improves. Below we have a chart that will give you a better idea as to what these coins cost given their grade.
Liberty Head $2.5 Gold Coin
|1888 Liberty Head $2.5 Gold Coin||N/A||N/A||$365||$375||Source: Red Book|