Overview
The first $2.50 Quarter Eagle was authorized by Congress April 2, 1792, when the $5 Half Eagle gold coin was also authorized.It has gone through several design changes. In 1840 Christian Gobrecht redesigned the $2.50 gold coin to create the $2.50 Liberty, also referred to as the $2.50 Coronet. Struck from 1841-1907, this is the longest-term design without a major alteration in American coinage history, though some small changes were made to the reverse.
Design
$2.50 Liberty design matches the larger gold coins of the day, such as the $10 and $20 Liberty gold coins. Like the other Liberty gold coins, the obverse (front) features Lady Liberty, whose hair is worn in a tight bun secured by a string of beads, and who has loose curls hanging draping her neck. Her coronet is inscribed “Liberty,” and 13 stars for the 13 original colonies and the issue date surround her.The reverse shows a bald eagle with spread wings, standing among olive branches. The eagle clutches three arrows in his talons and has a shield with stars and stripes over his chest. “UNITED STATES OF AMERICA,” the denomination and the mint mark surround the eagle.
Minting
The Philadelphia Mint produced $2.50 Liberty gold coins during the coin’s entire circulation, 1840-1907. Before the Civil War, additional pieces were struck at Charlotte, Dahlonega and New Orleans. The San Francisco Mint struck $2.50 Liberty coins occasionally in 1854 and later.
Special Issue
In 1848, the military governor of California sent 230 ounces of pure gold to his secretary of war. This gold was minted into Quarter Eagles with “CAL” above the eagle on the reverse.
Valuation
This is a premium coin, meaning the coin’s price includes a premium above the melt value of the precious metal it contains, which includes Augusta’s margin. This premium is solely determined and controlled by Augusta, based on factors Augusta deems valuable in determining and controlling such premium. Other retailers may not recognize the premium value that Augusta recognizes for this premium coin and may only be willing to pay as little as the melt value for this coin (the value of the precious metal that the coin contains). If you sell this coin to a retailer that does not recognize the premium value assessed by Augusta at the time of sale, then such sale may result in significant losses. Augusta cannot guarantee that it will buyback any item it sells and cannot guarantee another retailer will purchase this premium coin.
Investment in precious metals involves risk and is not suitable for all investors. Augusta Precious Metals recommends that you consult your own financial or investment advisors prior to investing in precious metals. Augusta is not qualified and does not offer financial, investment, legal, or tax advice. This site and the information provided by Augusta throughout its sales process is general in nature and is not tailored to any specific person, their circumstances, or their financial goals.
Opinions offered by Augusta Precious Metals are its own. Additionally, while Augusta attempts to provide factually accurate information, information presented by Augusta may turn out to be inaccurate or incomplete. You should conduct your own independent verification of any facts or opinions presented prior to making any investment.
All decisions regarding the purchase or sale of precious metals are your own, and should only be made after considering your investment objectives, risk tolerance, and level of experience. Augusta Precious Metals cannot guarantee, assure, or promise future market movement, prices, or profits. Past performance does not guarantee future results. Any investment in precious metals is speculative and could result in significant financial losses.
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