1842 $2.50 AU50 Certification #40906847, PCGS #7723

CoinFacts Details

Owner's Comments

Rare (50-60 known per PCGS). As Garrett and Guth state in their "Encyclopedia Of U.S. Gold Coins 1795-1933", "As the tiny mintage suggests, the 1842 Liberty Head quarter eagle is a major rarity in any grade...A review of other auction records reveals that this date is seldom offered for sale in any grade... The 1842 quarter eagle is still very rare, much more so than many of the more popular Southern mint issues." David Akers' "An Analysis Of Auction Records - Volume II - Quarter Eagles" his average grade at the time (1975) was VF29.

Expert Comments

David Akers (1975/88)

Between 1863 and 1915, this date was considered to be semi-unique (two known). It has several early auction records over $100 and the Taylor-Windle specimen brought $155 in 1908. Many more are now known than just the two original pieces, but the coin is still scarce in all grades. In grades above EF, however, it is extremely rare and, as is the case with many dates of this period, I have never seen a strictly mint state example, although there is one auction record for one.

PCGS #

7723

Designer

Christian Gobrecht

Edge

Reeded

Diameter

18.00 millimeters

Weight

4.18 grams

Mintage

2823

Metal

90% Gold, 10% Copper

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Region

The United States of America

Price Guide

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

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.
65 or Better	55	R-8.4	12 / 147 TIE	12 / 147 TIE
All Grades	2	R-9.9	3 / 147 TIE	3 / 147 TIE
60 or Better	0	R-10.1	1 / 147	1 / 147

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.
65 or Better	55
All Grades	2
60 or Better	0

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.
65 or Better	R-8.4
All Grades	R-9.9
60 or Better	R-10.1

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.
65 or Better	12 / 147 TIE
All Grades	3 / 147 TIE
60 or Better	1 / 147

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.
65 or Better	12 / 147 TIE
All Grades	3 / 147 TIE
60 or Better	1 / 147

Condition Census Learn More

Pos	Grade	Pedigree and History
1	MS62 PCGS grade
2	MS61 PCGS grade	D.L. Hansen Collection
3	AU58 PCGS grade
4	AU55 PCGS grade
4	AU55 PCGS grade

#1 MS62 PCGS grade

#2 MS61 PCGS grade

D.L. Hansen Collection

#3 AU58 PCGS grade

#4 AU55 PCGS grade