The 1846 Liberty Head Quarter Eagle is a famous gold coin in American history. This article looks at its design, historical background, and market value. By understanding these factors, collectors and investors can see why this coin is so important and valuable.
Historical Significance
The year 1846 was important for the United States. This period saw events like the Mexican-American War, which shaped the nation. The Liberty Head Quarter Eagles were minted in three main places: Philadelphia, New Orleans, and Charlotte. Each location added a unique part to the coin’s story.
- Philadelphia Mint: They made 21,498 Quarter Eagles here. These coins are known for their detailed design and are relatively common.
- New Orleans Mint (marked with an O): This mint produced 62,000 coins during a time of military buildup. Coins from this mint often have weaker details, especially in the hair and the eagle’s leg.
- Charlotte Mint (marked with a C): Only 4,808 coins were minted here. Because of fewer coins and a fire that slowed down production, these are highly sought after by collectors.
Design and Features
The Liberty Head Quarter Eagle was designed by Christian Gobrecht, the Chief Engraver at the time. The front of the coin shows Liberty wearing a coronet with the word “LIBERTY” on it. The back features an eagle holding arrows and an olive branch. This design shows the hopes and artistic style of the United States in the mid-1800s.
Market Data and Valuation
Condition and Rarity
The value of these coins can vary based on their condition and rarity:
- Philadelphia Mint: The highest grade known is MS63, with only three coins reaching this level.
- New Orleans Mint: Coins from this mint are rare in high grades. An MS65 coin can be valued at around $132,000 because of its excellent condition and historical importance.
- Charlotte Mint: Coins from here are extremely rare in mint condition, with auction prices exceeding $40,000.
Investment Perspective
The 1846 Liberty Head Quarter Eagle is a good investment due to its historical significance and rarity. Its value usually increases over time, making it a valuable addition to any coin collection.
Detailed Specifications
Here is a summary of the mintage and notable auction prices:
| Mint | Mintage | Notable Auction Prices |
|---|---|---|
| Philadelphia | 21,498 | Up to $18,800 |
| New Orleans | 62,000 | Up to $132,000 |
| Charlotte | 4,808 | Up to $54,625 |
Summary Table
| Mint | Key Features | Rarity |
|---|---|---|
| Philadelphia | Well-struck with significant output | Common |
| New Orleans | Often weakly struck, high historical value | Rare |
| Charlotte | Extremely rare, affected by historical events | Scarce |
In conclusion, the 1846 Liberty Head Quarter Eagle is not just a coin; it is a piece of American history. With its unique designs and limited availability, it represents an important era. Collectors and investors recognize its potential for appreciation, making it a smart choice for those interested in numismatics.
What is the 1846 Liberty Head Quarter Eagle?
It is a gold coin minted in the U.S. in 1846, featuring a design by Christian Gobrecht.
Where were these coins minted?
They were minted in Philadelphia, New Orleans, and Charlotte.
Why is the Charlotte Mint Quarter Eagle so rare?
Only 4,808 were made, and production was delayed due to a fire, making it highly sought after.
Why is the Charlotte Mint Quarter Eagle so rare?
Only 4,808 were made, and production was delayed due to a fire, making it highly sought after.
What is the value of a New Orleans Mint Quarter Eagle?
An MS65 grade coin can be worth around $132,000 due to its rarity and historical significance.
Is the 1846 Liberty Head Quarter Eagle a good investment?
Yes, due to its historical importance and rarity, it tends to increase in value over time.
