The 1846 Liberty Head Quarter Eagle is an important gold coin in American numismatic history. This article will explore its design, historical background, and market value, helping collectors and investors understand why this coin is significant and what it could be worth.
Historical Significance
The year 1846 was a notable time in U.S. history, especially with events like the Mexican-American War taking place. The Liberty Head Quarter Eagles were made at three different mints: Philadelphia, New Orleans, and Charlotte. Each location contributed something unique to the coin’s story:
- Philadelphia Mint: This mint produced 21,498 Quarter Eagles, known for their detailed design and relatively good supply.
- New Orleans Mint (marked with an “O”): Minted 62,000 coins during a period when the country was preparing for military action. Many of these coins have weaker strikes, particularly in the hair detail and the eagle’s right leg.
- Charlotte Mint (marked with a “C”): Only 4,808 coins were made here. Due to a fire that delayed production, these coins are much rarer and are highly sought after by collectors.
Design and Features
The Liberty Head Quarter Eagle was created by Christian Gobrecht, who served as the Chief Engraver of the U.S. Mint. The front of the coin features Liberty wearing a crown with the word “LIBERTY” on it. On the back, there is an eagle holding arrows and an olive branch. This design symbolizes the nation’s hopes and reflects the artistic style of the mid-19th century.
Market Data and Valuation
Condition and Rarity
- Philadelphia Mint: The highest grade of this coin known is MS63, but only three coins have achieved this grade.
- New Orleans Mint: Coins from this mint are rare in high grades. One MS65 coin is valued at about $132,000 because of its excellent condition and historical importance.
- Charlotte Mint: Coins from this mint are extremely rare in mint condition, with auction values reaching over $40,000.
Investment Perspective
The 1846 Liberty Head Quarter Eagle is considered a valuable investment due to its historical significance and rarity. Its value tends to increase over time, making it a good addition to any coin 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 |
In summary, the 1846 Liberty Head Quarter Eagle holds a special place in American history and coin collecting. Its rich background, unique design, and varying levels of rarity and condition contribute to its value.
For collectors and investors, understanding these aspects can help in making informed decisions about purchasing and valuing this significant piece of numismatic history.
What is the 1846 Liberty Head Quarter Eagle?
The 1846 Liberty Head Quarter Eagle is a gold coin produced in the United States, featuring a design of Liberty on the front and an eagle on the back. It was minted during a notable time in U.S. history.
Why is the 1846 Liberty Head Quarter Eagle important?
This coin is important due to its historical significance, as it was minted during events like the Mexican-American War. Its unique design and rarity also make it a valuable piece for collectors and investors.
How many 1846 Liberty Head Quarter Eagles were minted?
A total of 21,498 coins were minted in Philadelphia, 62,000 in New Orleans, and only 4,808 in Charlotte. The Charlotte coins are particularly rare due to historical events that affected their production.
What factors determine the value of the 1846 Liberty Head Quarter Eagle?
The value is determined by factors such as the coin’s condition (grading), rarity, and historical significance. Coins in higher grades, especially from the New Orleans and Charlotte mints, can fetch higher prices at auctions.
Is the 1846 Liberty Head Quarter Eagle a good investment?
Yes, the 1846 Liberty Head Quarter Eagle is considered a good investment due to its historical importance and increasing market value over time. Collectors often seek these coins, making them a worthy addition to a coin collection.
