1845 LIBERTY $2 1/2
GRADE: NGC MS 64
CU PRICE GUIDE: $10,500
NOTES: ONLY 1 GRADED HIGHER!
About This Coin
With an original mintage of 91,051 pieces, the 1845 is the most frequently encountered Quarter Eagle from the 1840s. Survivors are relatively easy to obtain through the AU grade level, but we caution buyers that Mint State examples are scarce and seldom offered finer than BU. Choice pieces are rare, and there is only a single Gem (an NGC MS-65) listed at the major certification services as of November 2006.
One of the longest-lived of all U.S. coins series, the Liberty Quarter Eagle was produced in only one major type from 1840-1907. Whereas the Liberty Half Eagle, Eagle and Double Eagle were guaranteed at least one significant design change with the addition of the motto IN GOD WE TRUST in 1866, the Quarter Eagle was deemed too small to accomodate this wording. There is, however, an important hub change in this series, and this came in 1859 when Chief Engraver Engraver James Barton Longacre modified the reverse by reducing the size of the arrowheads, as well as increasing the space between them. While this Type II design made its debut on P-mint coins that year, the San Francisco Mint continued to use leftover reverse from the 1854-1857 era through 1876..
Key-date issues in this popular gold series. In addition to many absolute and/or conditon rarities from the Southern branch mints in Charlotte and Dahlonega, particularly desirable Liberty Two-and-a-Halves include the 1841, 1848 CAL., 1854-S, 1864, 1865 and 1875.