$2.50 Gold Quarter Eagle Melt Value

$2.50 Gold Quarter Eagle, obverse (1925-D)$2.50 Gold Quarter Eagle, reverse (1925-D)
Shown: 1925-D (Indian Head, 1908–1929)Photo: Wehwalt; edit by Crisco 1492, CC BY-SA 3.0, via Wikimedia Commons (front, back); cropped.

A $2.50 Gold Quarter Eagle contains 0.1210 troy oz of pure gold, worth $483.43 at today's spot price.

The quarter eagle was a quarter of the $10 eagle. The Liberty Head design ran from 1840 to 1907, and Bela Lyon Pratt's Indian Head design from 1908 to 1929.

Liberty Head (1840–1907)

$483.43 melt value per coin

0.1210 troy oz gold · 90% gold, 10% copper

Indian Head (1908–1929)

$483.43 melt value per coin

0.1210 troy oz gold · 90% gold, 10% copper

Melt values use these spot prices (US dollars):

  • Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 9:09 PM EDT

Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.

Specifications

Specification Liberty Head (1840–1907)Indian Head (1908–1929)
Years 1840–19071908–1929
Face value $2.5$2.5
Composition 90% gold, 10% copper90% gold, 10% copper
Gross weight 4.18 g4.18 g
Fineness .900 (90%).900 (90%)
Pure metal 0.1210 troy oz (3.762 g)0.1210 troy oz (3.762 g)
Diameter 18 mm18 mm

How the melt value is worked out

Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.

  • Liberty Head (1840–1907): 4.18 g × .900 fine ÷ 31.1035 g per troy oz = 0.1210 troy oz
    0.1210 troy oz × $3,996.90 spot = $483.43
  • Indian Head (1908–1929): 4.18 g × .900 fine ÷ 31.1035 g per troy oz = 0.1210 troy oz
    0.1210 troy oz × $3,996.90 spot = $483.43

How to identify it

  • Liberty Head coins show Liberty wearing a coronet; Indian Head coins have the design sunk into the surface rather than raised.

Melt value vs. collector value

Pre-1934 US gold coins almost always sell for more than melt, even in worn condition, and scarce dates can be worth many times their gold. Gold coins are also a common target for counterfeiters, so buy from reputable sources.

Related tools

Sources

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