1865 25C (Regular Strike)

Series: Liberty Seated Quarters 1838-1891

PCGS MS67+

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PCGS MS66+

PCGS MS66

PCGS #:: 5461

Designer:: Robert Ball Hughes/Christian Gobrecht

Edge:: Reeded

Diameter:: 24.30 millimeters

Weight:: 6.20 grams

Mintage:: 58,800

Mint:: Philadelphia

Metal:: 90% Silver, 10% Copper

Auction Record:: $48,875 • MS66 • 07-08-2010 • Heritage Auctions

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Major Varieties

1865 25C

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Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
All Grades	450	R-6.1	23 / 49 TIE	47 / 114 TIE
60 or Better	40	R-8.7	22 / 49 TIE	45 / 114 TIE
65 or Better	5	R-9.7	16 / 49 TIE	32 / 114 TIE

Survival Estimate
All Grades	450
60 or Better	40
65 or Better	5

Numismatic Rarity
All Grades	R-6.1
60 or Better	R-8.7
65 or Better	R-9.7

Relative Rarity By Type All Specs in this Type
All Grades	23 / 49 TIE
60 or Better	22 / 49 TIE
65 or Better	16 / 49 TIE

Relative Rarity By Series All Specs in this Series
All Grades	47 / 114 TIE
60 or Better	45 / 114 TIE
65 or Better	32 / 114 TIE

Condition Census What Is This?

Pos	Grade	Pedigree and History
1	MS67+ PCGS grade	Heritage 1/1999:6605 - Stack's Bowers 10/2015:29 - Heritage 1/2015:4092, $32,900 - Stack's/Bowers & Sotheby's 10/2015:29, not sold - Heritage 11/2016:5231, $25,850
2	MS66+ PCGS grade	Heritage 7/2010:3553 - Eugene H. Gardner Collection - Heritage 6/2014:30384, $41,125
3	MS65 PCGS grade	Heritage 7/2017:3069, $8,225
3	MS65 PCGS grade
4	MS64 PCGS grade
4	MS64 PCGS grade
4	MS64 PCGS grade
4	MS64 estimated grade
4	MS64 estimated grade
4	MS64 estimated grade

#1 MS67+ PCGS grade

Heritage 1/1999:6605 - Stack's Bowers 10/2015:29 - Heritage 1/2015:4092, $32,900 - Stack's/Bowers & Sotheby's 10/2015:29, not sold - Heritage 11/2016:5231, $25,850

#2 MS66+ PCGS grade

Heritage 7/2010:3553 - Eugene H. Gardner Collection - Heritage 6/2014:30384, $41,125

#3 MS65 PCGS grade

Heritage 7/2017:3069, $8,225

#3 MS65 PCGS grade

#4 MS64 PCGS grade

#4 MS64 estimated grade

Ron Guth:

1865 saw another drop in the mintage of Quarter Dollars at the Philadelphia Mint, this time down to the lowest level since 1827! Even so, the 1865 is not recognized as a rarity at all because sufficient examples exist in all grades up to MS63. Thus, the combination of a small mintage and a low price makes this an unappreciated sleeper in the series.

Above MS63, the 1865 Quarter Dollar is very elusive and the prices rise dramatically with each extra grade point. The finest example is a single PCGS MS67.