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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 value determined by Augusta based on factors other than, and in addition to, the value of the precious metal the coin contains. Pricing factors relevant to the premium value assessed by Augusta may include, but are not limited to, speculative interest, collector and investor demand, available supply, industry promotions, perceived value, economic conditions, and other factors we deem relevant in our sole discretion. 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. For up-to-date market pricing and availability, please contact us directly.
Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. In a worst case scenario, you might have to sell your precious metals at “melt value,” which is the value of the products determined solely by their intrinsic metal content, which could result in a significant loss. This purchase is speculative. Any opinions offered by Augusta are Augusta's opinions and not to be relied on by anyone for any purpose. Seek your own legal, tax, investment, and financial advice before opening an account with Augusta. Augusta’s content may contain errors, Augusta is not qualified to offer legal, tax, investment, or financial advice. You should not base any purchasing decisions on the content Augusta provides. All decisions regarding the purchase or sale of precious metals, including the decision of which precious metals to purchase or sell, are your decisions alone. Precious metals investment involves risk and is not suitable for all investors. You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to purchase Augusta products.
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