1864 $2.50 (Regular Strike)

Series: Liberty Head $2 1/2 1840-1907

PCGS AU58

PCGS AU58

PCGS AU58

PCGS AU58

PCGS AU55

PCGS AU55

PCGS #:
7800
Designer:
Christian Gobrecht
Edge:
Reeded
Diameter:
18.00 millimeters
Weight:
4.18 grams
Mintage:
2,824
Mint:
Philadelphia
Metal:
90% Gold, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 20 R-9.1 3 / 147 3 / 147
60 or Better 3 R-9.8 5 / 147 TIE 5 / 147 TIE
65 or Better 1 R-10.0 1 / 147 TIE 1 / 147 TIE
Survival Estimate
All Grades 20
60 or Better 3
65 or Better 1
Numismatic Rarity
All Grades R-9.1
60 or Better R-9.8
65 or Better R-10.0
Relative Rarity By Type All Specs in this Type
All Grades 3 / 147
60 or Better 5 / 147 TIE
65 or Better 1 / 147 TIE
Relative Rarity By Series All Specs in this Series
All Grades 3 / 147
60 or Better 5 / 147 TIE
65 or Better 1 / 147 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS66 estimated grade

Byron Reed Collection - Spink America 10/1996:57, $132,000

2 MS61 PCGS grade
3 AU58 PCGS grade

Heritage 10/2012:5593, $49,938

3 AU58 estimated grade
3 AU58 estimated grade
6 AU55 PCGS grade PCGS #7800 (MS)     55
6 AU55 PCGS grade
6 AU55 estimated grade
6 AU55 estimated grade
10 AU50 PCGS grade PCGS #7799 (MS)     50
#1 MS66 estimated grade

Byron Reed Collection - Spink America 10/1996:57, $132,000

#2 MS61 PCGS grade
#3 AU58 PCGS grade

Heritage 10/2012:5593, $49,938

#3 AU58 estimated grade
#3 AU58 estimated grade
PCGS #7800 (MS)     55 #6 AU55 PCGS grade
#6 AU55 PCGS grade
#6 AU55 estimated grade
#6 AU55 estimated grade
PCGS #7799 (MS)     50 #10 AU50 PCGS grade
Ron Guth:

The 1864 Quarter Eagle is a great rarity in any grade. The Mint State example that Akers never saw showed up in 1996 when coins from the Byron Reed collection appeared on the market. Lot 57 in the October 1996 Spink America & Christie's auction was a Gem Uncirculated example that subsequently graded MS67 at NGC. In 1996, that coin brought $132,000...today it would bring substantially more because it is the finest known by a whopping seven points.

Much ado has been made when comparing the business strike and Proof 1864 Quarter Eagles. Usually, the claim is that business strikes are rarer than proofs, but such is not the case. They are of similar rarity -- about a dozen known of each format. However, the Proofs are usually preferred because they are less expensive than comparably graded business strikes and, as shown above, the Proofs are nicer overall.

David Akers (1975/88): The 1864 is one of the great rarities of the quarter eagle series, particularly as a nonproof. As the auction records indicate, proofs are much more common than circulation strike 1864's, and only eight of a meager 23 appearances of this date were of business strikes. I have neither seen nor heard of an uncirculated 1864 and have seen no more than 6 or 7 business strikes in all.