1892 $2.50 MS(PCGS#7844)

June 2026 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

4153

Grade

MS63+

Price

3,172

Lot Description

A lovely near-Choice example, both sides are brightly lustrous with satiny design elements and semi-reflective fields. Sharply struck throughout with handsome color in warm honey-rose color. The quarter eagle was never a particularly popular coin in general commerce with most average gold transactions being handled by half eagles. By the 1880s the former denomination was struck exclusively at Philadelphia and only in moderate quantities at best. In 1892, only 2,440 quarter eagles were produced for commerce and were quickly absorbed into circulation. Meanwhile, the price of silver fell dramatically and the very next year the Panic of 1893 hit, events that prompted many Americans to hoard gold. Fully one quarter of the entire production run for this issue was saved, of which 20% of survivors are in Mint State, primarily at lower levels through MS-63. Premium Select and Choice examples such as this are quite scarce, and with Gem Mint State pieces decidedly rare, we expect to see spirited bidding to secure this desirable piece.