The Liberty Head $2.50 Gold Coins marked the final year of production for this popular series in 1907. An astounding 336,294 gold coins were produced, yet as with most pre-1933 coinage, far fewer survive today. Unfortunately, many coins were melted in large numbers throughout the 20th century, particularly after the nation abandoned the gold standard in 1933.
Christian Gobrecht designed the Liberty Head Gold Coins and these coins were among the last of the mid-1800s to still be circulating in the early 1900s. The Indian Head design would overtake the $2.50 denomination in 1908.
For coins as old as the 1907 Liberty Head $2.50 Gold Coin, the condition can be a very big wild card. While some of these coins have survived the years in great shape, plenty of others have gotten pretty well beat up along the way. For most stringent collectors, it is a necessity that you assess the condition of the coin before ever making a purchase.
To officially assess the condition of a coin is known as grading, and this is something that is done by a professional company. Though you may not have time to send your coin away for grading, you can use the specifications below to gain a good idea of what a coin of a certain grade will look like.
Uncirculated: An Uncirculated Liberty Head $2.50 Gold Coin from 1907 is one that saw no time exchanging hands on the open market. Instead, this coin was kept in a safe place where it would not be chipped, scratched, or otherwise damaged. As you probably expect, these coins will show no signs of wear other than the fading of the mint’s original luster; something that happens naturally as the coin ages and the copper oxidizes.
Extremely Fine: A 1907 Liberty Head $2.50 Gold Coin graded to be in Extremely Fine condition is one that saw only a very short period of time as part of the general circulation of gold coins. Because of this, you will find that Extremely Fine Liberty Head $2.50 Gold Coins show very minimal signs of wear and have all their imagery and texture intact. All in all, these are some of the most attractive editions of the coin on the market today.
Fine: To receive this grade, the coin in question will have had to spend a decent amount of time in circulation. As a result of this circulation, the coin will show plenty of signs of wear and tear. The images on the front and the back of the coin will have been worn away to some extent, but should still be able to be made out with the naked eye.
Good: This is the grade given to those Liberty Head $2.50 Gold Coins that spent countless years in circulation. These coins will be in pretty rough shape and will show plenty of scratching, chipping, and bending. Still, despite their condition, these coins will sell for an elevated price simply because they are the last of the Liberty Head $2.50 Gold Coins that were produced.
For any coin as old as the 1907 Liberty Head $2.50 Gold Coin, the price you are going to pay will directly correlate with the condition of the coin. Though some earlier editions of the gold coin see their price rise to inconceivable levels as the condition improves, the 1907 version remains generally affordable across all grades. Below you will find a chart that will help you understand what the common asking prices are for these coins across various grades.
Liberty Head $2.5 Gold Coin
|1907 Liberty Head $2.5 Gold Coin||N/A||N/A||$340||$350||Source: Red Book|