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SERIES: Liberty Head $2 1/2 1840-1907
LEVEL: Year, MintMark, & Major Variety

1863 $2.50 (Proof)

PCGS #:
7889
Diameter:
18.00 millimeters
Designer:
Christian Gobrecht
Weight:
4.18 grams
Edge:
Reeded
Mintage:
30
Metal Content:
90% Gold, 10% Copper
Auction Record:
$88,000 • GEM PR • 8-10-1990 • RARCOA
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 20 R-9.1 20 / 60 TIE 20 / 60 TIE
60 or Better 18 R-9.2 20 / 60 TIE 20 / 60 TIE
65 or Better 5 R-9.7 21 / 60 TIE 21 / 60 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 PR65 PCGS grade  
1 PR65 PCGS grade  
3 PR64 PCGS grade  
3 PR64 PCGS grade  
3 PR64 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR65 PCGS grade  
1 PR65 PCGS grade  
3 PR64 PCGS grade  
3 PR64 PCGS grade  
3 PR64 PCGS grade  
3 PR64 PCGS grade  
7 PR63 PCGS grade  
8 PR60 PCGS grade  

Ron Guth: The 1863 Quarter Eagle is extremely popular with collectors because it is a Proof-only issue and, thus, the only option available to anyone seeking a Quarter Eagle of this date from the Philadelphia Mint.  With a mintage of only 30 examples, this date creates excitment whenever it appears on the market.

Probably half of the original mintage survives.  I know of thirteen demonstrably different examples, including two circulated examples and two in the National Numismatic Collection at the Smithsonian Institution.  Most examples are cameos, though there are several that were certified before PCGS recognized the Cameo designation and which would receive either a CAM or a DCAM designation upon re-examination. 

The finest 1863 Quarter Eagle is a PCGS PR66DCAM which sold for a record price of $195,500 in 2012.  It currently reposes in the Simpson Collection.


David Akers (1975/88): No quarter eagles were minted for general circulation at the Philadelphia Mint in 1863. However, 30 proofs were struck and so this is one of the rarest and most desirable of all Liberty Head quarter eagles. Actually, in proof, the 1863 has appeared at auction more often than any other quarter eagle of the 1860's. However, other dates are available in other conditions, and therefore, this date has attained a much higher price level than other proofs of this decade. Of the 30 proofs originally minted, I would estimate that no more than 10 to 12 remain in unimpaired state.