The 1846 Liberty Head Quarter Eagle holds a unique place in numismatic collections, encapsulating a rich narrative of American history and mint craftsmanship.
This guide delves deep into the intricacies of this gold coin, offering collectors a comprehensive understanding of its design, historical context, and investment potential.
Historical Significance
The year 1846 was pivotal for the United States, marked by activities such as the Mexican-American War. The mints in Philadelphia, New Orleans, and Charlotte were instrumental in producing these coins, each adding a unique chapter to the coin’s history due to differing mint marks and quantities.
- Philadelphia Mint: Known for producing 21,498 coins, it was the primary facility for the Quarter Eagles. The coins from this mint are noted for their detailed strike and higher availability.
- New Orleans Mint (O Mintmark): Minted 62,000 pieces amid its role as a hub for military preparations. Coins from this mint are often found with weak strikes, particularly in the hair detail and eagle’s right leg.
- Charlotte Mint (C Mintmark): Post-reconstruction, the Charlotte Mint struck 4,808 coins. These are exceptionally rare and sought after due to the fewer numbers and the historical fire that delayed their production.
Design and Features
Christian Gobrecht, the Chief Engraver, designed the Liberty Head Quarter Eagle. It features Liberty wearing a coronet inscribed with “LIBERTY” and an eagle clutching arrows and an olive branch on the reverse. This design is both iconic and a symbol of the nation’s aspirations during the mid-19th century.
Market Data and Valuation
- Condition and Rarity: The highest grade known for the Philadelphia mint is MS63, with only three coins reaching this grade. The New Orleans coins are rare in high grades, with a known MS65 piece valued at around $132,000 due to its exceptional condition and historical significance.
- Charlotte Mint Coins: Known for their rarity in mint state, these coins can fetch upwards of $40,000 at auctions, reflecting their desirability among collectors.
Investment Perspective
The 1846 Liberty Head Quarter Eagle is a valuable asset for investors. Its historical significance, coupled with its rarity, especially in higher grades, makes it a worthy addition to any collection, promising appreciating value over time.
Detailed Specifications
| 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 historical output | Common |
| New Orleans | Often weakly struck, high historical value | Rare |
| Charlotte | Extremely rare, affected by historical events | Scarce |
Conclusion
The 1846 Liberty Head Quarter Eagle is not just a coin; it’s a piece of history. Its intricate design, historical significance, and rarity make it a cornerstone in the world of numismatics.
Whether you’re an investor or a collector, understanding and appreciating the value of this coin can add a rich layer to your collection.
FAQs
1. What is the highest grade recorded for the 1846 Liberty Head Quarter Eagle?
The highest grade recorded is MS65 for the New Orleans mint.
2. Why are Charlotte Mint coins so rare?
Due to the limited production and historical events like the mint fire, these coins are scarce and highly prized.
3. What factors influence the value of these coins?
Factors include the mint location, coin condition (grade), historical context, and market demand.
4. How can one verify the authenticity of a 1846 Liberty Head Quarter Eagle?
Verifying authenticity involves checking the coin’s details against known mint records and possibly consulting with a numismatic expert.
5. Are there any notable collections where these coins are featured?
These coins feature in several prestigious collections, including the Harry W. Bass, Jr. Collection and the Eliasberg Collection.
