1867-S $2.50 Liberty PCGS XF40 CAC. Noted gold expert and author David Akers concluded “…Scarce in all grades and extremely rare better than EF. In fact, even strictly graded EF specimens are rare. Once again, the old reverse hub was used, and most known specimens are softly struck on the eagle’s right leg. I have only seen two strictly uncirculated pieces, and perhaps half a dozen AU’s. This date is tied with the 1865-S and 1866-S as having the fourth lowest average grade of any quarter eagle. I consider this date, and all the early S Mint quarter eagles, to be grossly undervalued. (The fact that they are priced comparably to the common dates of this series is totally unrealistic.)”
This specimen exhibits a beautiful natural old time cabinet toning with nice even wear. The devices harbor a richer orange gold while the fields are a lighter straw gold.