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SERIES: Classic Head $2 1/2 1834-1839
LEVEL: Year, MintMark, & Major Variety

1838 $2.50 (Regular Strike)

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PCGS MS67

PCGS MS62

PCGS AU55
PCGS #:
7696
Diameter:
17.50 millimeters
Designer:
William Kneass
Weight:
4.18 grams
Edge:
Reeded
Mintage:
47,030
Metal Content:
90% Gold, 10% Copper
Auction Record:
$235,000 • PCGS MS67 • 9-15-2015 • Stack's/Bowers
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360
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 400 R-6.2 6 / 11 TIE 6 / 11 TIE
60 or Better 50 R-8.5 7 / 11 7 / 11
65 or Better 9 R-9.6 5 / 11 5 / 11
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS68 estimated grade  

National Numismatic Collection at the Smithsonian Institution

2 MS67 PCGS grade

John N. Rowe, III, sold privately in 1966 - Harry W. Bass, Jr. Collection - Bowers & Merena 10/1999:306 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 9/2015:2065, $235,000

3 MS66+ PCGS grade  
4 MS66 PCGS grade  
5 MS65 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS68 estimated grade  

National Numismatic Collection at the Smithsonian Institution

2 MS67 PCGS grade

John N. Rowe, III, sold privately in 1966 - Harry W. Bass, Jr. Collection - Bowers & Merena 10/1999:306 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 9/2015:2065, $235,000

3 MS66+ PCGS grade  
4 MS66 PCGS grade  
5 MS65 PCGS grade  
6 MS64 PCGS grade  
6 MS64 PCGS grade  
6 MS64 estimated grade  
6 MS64 estimated grade  
6 MS64 estimated grade  
David Akers (1975/88): Once again, there is a different head of Liberty on the 1838 quarter eagle than there is on the preceeding years of this basic type; it is somewhat similar to the 1834 large head. Strictly uncirculated specimens are very rare, comparable in rarity to the 1837, although as the auction records indicate, circulated specimens are somewhat more obtainable. This style head appears only on the 1838, although the head on the 1839/8 is virtually the same with only a few minor differences. The stars are noticeably smaller on the 1838 than they are on preceeding issues of this type.