The 1892 Liberty Head $2.50 Gold Coins are a favorite collector item among numismatists who enjoy 19th-century coins. The U.S. Mint struck under 2,500 coins, and a much smaller amount exist today, thanks to melting. There is no way to know exactly how many remain today, what is known is that only a fraction still survive.
Christian Gobrecht designed 1892 Liberty Head $2.50 Gold Coins. Liberty Head $2.50 Gold Coins are made of a “coin gold” composition consisting of 90 percent gold and 10 percent copper. They have a weight of 4.18 grams, contain a total of 0.1202 ounces of gold, and measure 18 millimeters in diameter, which is roughly the diameter of a current U.S. dime. While these gold coins are small, they do attract a fair number of bullion investors, some of whom overlook the price premiums associated with buying classic gold coins instead of lower-priced bullion coins.
For coins that are as old as the 1892 Liberty Head $2.50 Gold Coin, the condition of the coin in question is of the utmost importance to collectors. Even the smallest bit of damage can take away a coin’s appeal, so you will see people closely examining every aspect of the coin looking for imperfections.
Normally, coins like the 1892 Liberty Head $2.50 Gold Coin are sent away to a professional company for grading, but we understand that not everyone has the time and money to send a coin away for grading, so we have provided our own basic grading specifications below.
Uncirculated: This is the grade given to those 1892 Liberty Head $2.50 Gold Coins that are in absolutely top-notch condition. These coins were never circulated and thus never suffered the type of damage and wear that is common on gold coins this old. Every feature and detail will be wholly intact, and that is why people will pay a lot of money for these coins.
Extremely Fine: This grade is given to 1892 Liberty Head $2.50 Gold Coins that have been only lightly circulated. Having suffered some light damage, the appeal of these coins is slightly diminished, but every little feature that is located in this coin’s design is able to be made out with the naked eye with not trouble at all.
Fine: A coin that is graded to be Fine is one that saw a good amount of time in circulation and ended up suffering a good bit of damage. The biggest imperfections can be found in the smoothing of the coin’s design, which results in lesser detail of the imagery. This is why these coins are a bit less expensive.
Good: This is the grade given to coins that are in pretty rough shape thanks to their spending years in circulation. These coins will have suffered a good bit of damage during their time in circulation and will have imagery that is quite difficult to make out. This is the type of 1892 Liberty Head $2.50 Gold Coin you will come across most often.
In order to determine the nominal value of an 1892 Liberty Head $2.50 Gold Coin, you really have to look at the coin’s condition. When it comes to coins this old, even the smallest differences in condition can mean massive differences in price. Below, you will find a chart aimed at giving you a better idea as to what you might be asked to pay for an 1892 Liberty Head $2.50 Gold Coin given its grade/condition.
Liberty Head $2.5 Gold Coin
|1892 Liberty Head $2.5 Gold Coin||N/A||N/A||$400||$475||Source: Red Book|