A PCGS MS63 $2.50 Gold Indian Quarter Eagle is a popular and historic coin, representing a unique period in U.S. coinage design.1 Here’s a breakdown of what that entails and its approximate value.
Coin Description
- $2.50 Gold Indian Quarter Eagle: Minted from 1908 to 1929, this coin is notable for its innovative incuse design, meaning the design elements and lettering are sunken into the coin’s surface rather than raised.2 The obverse features a profile of a Native American chief, and the reverse depicts a standing eagle. It was designed by Bela Lyon Pratt.3
- PCGS: This stands for the Professional Coin Grading Service, a widely respected third-party grading company. A PCGS grade provides an official, expert opinion on a coin’s condition and guarantees its authenticity.4
- MS63: The grade “MS63” is on the Sheldon scale and stands for “Mint State 63.” This means the coin is uncirculated and has no signs of wear from being used in commerce.5 An MS63 coin will have a strong strike and good luster, but may show several minor imperfections, such as small contact marks, hairline scratches, or other minor flaws. It’s a solid “Choice Uncirculated” grade that offers a good balance of quality and affordability for collectors.
Value
The value of a PCGS MS63 $2.50 Gold Indian Quarter Eagle is determined by a few key factors:
- Gold Content: The coin contains 0.12094 troy ounces of gold.6 Its value is always tied to the current market price of gold, which can fluctuate.
- Numismatic Value: The value above its melt value is a function of its date, mint mark, and overall eye appeal.7 For a common date, a PCGS MS63 $2.50 Gold Indian Quarter Eagle is typically valued between $650 and $1,300. Prices can vary widely based on the specific year. For example, a common date like a 1929 can be found on the lower end of that range, while a slightly rarer date may be on the higher end.
- Rarity: Key dates and varieties, such as the 1911-D with a “Strong D” mint mark, command a significant premium and can be worth several thousand dollars or more, even in this grade.8
Where to Buy and Sell
You can find these coins at various locations, including:
- Reputable Coin Dealers: Many coin shops and online retailers specialize in certified U.S. gold coins.
- Online Marketplaces: Sites like eBay often have a wide selection, but it’s crucial to buy from trusted sellers with a strong reputation.
- Auction Houses: Major numismatic auction houses regularly sell these coins, especially the rarer dates.9
It is always a good practice to research the specific date and mint mark of your coin on a pricing guide like PCGS Price Guide or a coin auction site to get the most accurate, up-to-date valuation.
