1888 $2.50 Liberty Head Quarter Eagle NGC MS64

Here’s a golden treasure from the late 19^th century to add to your collection. During 1888, the Philadelphia Mint struck 16,001 gold quarter eagles. While this mintage was larger than those of 1880-87, this coin is still very elusive today. However, it is available in grades up to MS64, but becomes a rarity in gem condition. NGC has graded 75 as MS64 with 41 finer. Collectors Universe gives this issue a price of $2,250.00 in MS64.

An 1855 photograph of James B. Longacre, who crafted the design of the Liberty Head upon U.S. gold coinage. Photo: Wikimedia Commons.

The design of the $2.50 Liberty quarter eagle as finally adopted presents a large head of Liberty facing left. She wears a coronet with the word LIBERTY upon it. Pulled back in a bun, her hair is held in place with a string of pearls. Thirteen stars are found around the rim, representing the original thirteen states (as well as the 13 colonies), with the date below.

The reverse device of the eagle is in essence the same one that had been on the quarter eagles since 1808. First designed by John Reich, the 1840-1907 version was revised by Gobrecht. The eagle stands proudly with its wings stretching from rim to rim with the Union shield displayed on its breast. The olive branch of peace is found in its right talon, while three arrows that represent military preparedness are grasped in its left. The legend UNITED STATES OF AMERICA encircle the eagle, while the denomination 2 1/2 D. is under the majestic bird.