The 1846 Liberty Head Quarter Eagle is an important gold coin in the history of American numismatics, which is the study of coins and currency. In this article, we’ll explore its design, historical context, and market value. This will help collectors and investors understand its significance and potential value.
Historical Significance
The year 1846 was a crucial time in U.S. history. It was marked by significant events such as the Mexican-American War. During this year, Liberty Head Quarter Eagles were minted in three locations: Philadelphia, New Orleans, and Charlotte. Each minting site added a unique aspect to the coin’s story.
Philadelphia Mint
The Philadelphia Mint produced 21,498 Quarter Eagles. These coins are known for their detailed designs and are relatively abundant compared to others. Their quality makes them a favorite among collectors.
New Orleans Mint
The New Orleans Mint, marked with an O, minted 62,000 coins during a time of military buildup. Unfortunately, many of these coins are found with weaker designs, especially in the hair detail and the eagle’s right leg. Despite this, they hold significant historical value.
Charlotte Mint
The Charlotte Mint, marked with a C, struck only 4,808 coins. Because fewer coins were made and a fire delayed production, these coins are highly sought after by collectors. Their rarity adds to their value.
Design and Features
The Liberty Head Quarter Eagle was designed by Christian Gobrecht, who was the Chief Engraver. The coin features Lady Liberty wearing a coronet with the word “LIBERTY.” On the reverse side, it shows an eagle holding arrows and an olive branch. This design reflects the nation’s hopes and artistic style of the mid-19th century.
Market Data and Valuation
Condition and Rarity
- Philadelphia Mint: The highest-known grade is MS63, with only three coins achieving this grade.
- New Orleans Mint: Rare in high grades, with an MS65 coin valued at about $132,000 due to its excellent condition and historical importance.
- Charlotte Mint: Coins from this mint are extremely rare in mint state, with values reaching over $40,000 at auctions.
Investment Perspective
The 1846 Liberty Head Quarter Eagle is not just a historical artifact; it’s also a valuable investment. Its rarity and historical significance tend to increase its value over time, making it a worthy addition to any collection.
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 output | Common |
| New Orleans | Often weakly struck, high historical value | Rare |
| Charlotte | Extremely rare, affected by historical events | Scarce |
The 1846 Liberty Head Quarter Eagle is a fascinating coin with a rich history and a promising future for collectors and investors. Its unique characteristics and historical background make it a valuable piece of American numismatic heritage.
What is the 1846 Liberty Head Quarter Eagle?
It’s a gold coin minted in 1846 that holds historical significance in American numismatics.
Why is this coin important?
Its rarity, unique design, and historical context during the Mexican-American War make it valuable.
Where were these coins minted?
They were minted in Philadelphia, New Orleans, and Charlotte.
How much is the coin worth today?
Depending on the mint and condition, prices can range from $18,800 to over $132,000 at auction.
Can I invest in this coin?
Yes, due to its historical significance and rarity, it is considered a valuable investment.
