The 1846 Liberty Head Quarter Eagle is an important gold coin in American numismatic history. This article will explore its design, historical context, and market value. We’ll look at the minting process in three different U.S. cities, the design details, and why this coin is so valuable for collectors and investors.
Historical Significance of the 1846 Liberty Head Quarter Eagle
The 1846 Liberty Head Quarter Eagle was minted during a significant time in U.S. history. The year 1846 was marked by the Mexican-American War, which had a major influence on the economy and the minting of coins. This coin was struck in three different cities: Philadelphia, New Orleans, and Charlotte, each of which added its unique touch to the coin.
- Philadelphia Mint: This mint produced 21,498 coins, known for their detailed design and relative abundance.
- New Orleans Mint (O Mintmark): The New Orleans mint produced 62,000 Quarter Eagles, but due to the military preparations happening at the time, these coins often have weaker strikes, especially around the hair detail and the eagle’s right leg.
- Charlotte Mint (C Mintmark): The Charlotte mint produced 4,808 Quarter Eagles. The production was delayed due to a fire, and with fewer coins made, these are now highly sought after.
Design and Features of the Liberty Head Quarter Eagle
The coin was designed by Christian Gobrecht, the Chief Engraver at the time. The Liberty Head Quarter Eagle features a striking design:
- Obverse: Liberty is shown wearing a coronet that reads “LIBERTY.”
- Reverse: The coin features an eagle holding arrows and an olive branch, symbolizing peace and strength.
This design reflects the ideals and artistic style of the United States during the mid-19th century, showcasing the nation’s growth and aspirations.
Market Data and Valuation
Condition and Rarity
- Philadelphia Mint: These coins are well-struck and relatively common, with the highest grade known being MS63. However, only three coins have reached this grade.
- New Orleans Mint: Coins from this mint are rarer in higher grades. A coin with the grade MS65 has been valued at around $132,000 due to its excellent condition and historical significance.
- Charlotte Mint: The coins from Charlotte are the most rare and highly valuable. In mint condition, they have sold for over $40,000 at auctions.
Investment Potential
The 1846 Liberty Head Quarter Eagle is a great investment due to its rarity and historical value. Over time, its value has continued to appreciate, making it a sought-after addition to any coin collection.
Detailed Specifications and Auction Prices
| Mint | Mintage | Notable Auction Prices |
|---|---|---|
| Philadelphia | 21,498 | Up to $18,800 |
| New Orleans (O Mintmark) | 62,000 | Up to $132,000 |
| Charlotte (C Mintmark) | 4,808 | Up to $54,625 |
The 1846 Liberty Head Quarter Eagle is not only a rare and beautiful coin but also a wise investment choice for collectors. With its rich historical significance, unique designs, and high value in rare conditions, this coin continues to be highly prized. Whether you’re a coin enthusiast or an investor, the 1846 Liberty Head Quarter Eagle holds an important place in American numismatic history.
1. Why is the 1846 Liberty Head Quarter Eagle important?
- It is a significant gold coin in American history, reflecting the country’s aspirations during the mid-1800s and is rare in good condition.
2. What makes the coins from different mints unique?
- The Philadelphia mint produced more coins with high detail, while the New Orleans mint’s coins are often weaker in strike, and the Charlotte mint’s coins are rare due to a fire.
3. How much is the 1846 Liberty Head Quarter Eagle worth?
- The coin’s value varies based on its mint, condition, and rarity. Prices range from a few thousand dollars to over $132,000.
4. Why are coins from the Charlotte Mint so valuable?
- Fewer coins were produced at the Charlotte Mint, and a fire delayed production, making these coins extremely rare and highly valuable.
5. What should I look for when collecting this coin?
- Pay attention to the mintmark and the condition of the coin. The New Orleans and Charlotte mint coins are especially rare in high grades.
