Product Description
The $2.50 Liberty Quarter Eagle Gold Coin was struck by the United States Mint from 1840 through 1907. Also known as the “Coronet Head”, the gold Liberty Head quarter eagle design was created by Christian Gobrecht and remained relatively unchanged throughout its entire period of mintage. The gold Liberty Quarter Eagle’s obverse features a left-facing portrait of Lady Liberty in a coronet cap with the inscription, “LIBERTY”, 13 stars and the year. The Liberty Quarter Eagle’s reverse side features a heraldic eagle with wings outstretched, a cluster of arrows in one claw and an olive branch in the other. Also inscribed on the reverse is, “UNITED STATES OF AMERICA” and “2½ D.”. The $2.50 gold Quarter Eagle Liberty Head coins that were produced at the U.S. mints in Charlotte (C), Dahlonega (D), New Orleans (O), and San Francisco (S) all have a mint mark that can be found on the reverse side just beneath the eagle. Gold Liberty Head quarter eagles that were minted at the U.S. Philadelphia mint do not contain a mint mark at all. The composition of these gold quarter eagle coins is 90% gold and 10% copper, each coin containing approximately 0.12094 troy oz of pure gold. The coin pictured is an example of the quality of the coin you will receive, not the exact coin. The coin(s) you receive will be chosen at random from available inventory.
Pre-1933 Gold Coins are highly sought after for their historical significance as well as their beauty. In 1933 U.S. President Franklin D. Roosevelt signed Executive Order 6102 “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” Owning and possessing monetary gold became a crime as the order required monetary gold to be returned to a Federal Reserve Bank branch for fiat paper money. The order was issued a month after Presidential Proclamation 2039 that forbid the hoarding of gold or silver coin or bullion under penalty of fine and/or imprisonment up to ten years! Thereafter, the Gold Reserve Act of 1939 codified Roosevelt’s order and it imposed new civil penalties; many individuals were in fact prosecuted for possession of gold under these laws. As a result, vast quantities of gold coins were turned in, taken out of circulation, and melted. Today, collectors prize pre-1933 US Gold Coins for not only each coins unique design and rarity but also for its symbolism for those that retained the gold coins and rejected governmental imposed fiat money.
Jewelry Grade coins may show some wear, signs of cleaning or previous use in jewelry. This however makes jewelry grade coins one of the most affordable ways to purchase genuine pre-1933 gold.
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Specifications
Condition: | Jewelry Grade |
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Year: | Random 1840-1907 |
Denomination: | $2.50 |
Purity: | 90% |
Gold Content: | 0.12094 troy oz |
Diameter: | 18mm |
Country: | United States |