The 1808 Capped Bust Gold $2.50 Quarter Eagle is one of the rarest and most sought-after coins in American history. Produced for just one year, this unique coin holds immense value among collectors and history enthusiasts alike. Let’s dive into the fascinating details of this coin, its significance, and what makes it such a rare gem.
History of the 1808 Capped Bust Gold Quarter Eagle
The $2.50 gold coin, also known as the Quarter Eagle, was first struck in 1796. However, the 1808 version of the coin holds a special place in history. It features a new design known as the “Capped Bust,” created by John Reich, who was an assistant engraver at the U.S. Mint. The coin’s production was extremely limited, with only 2,710 coins minted in that year.
Design Features of the 1808 Capped Bust Gold Quarter Eagle
The 1808 Quarter Eagle showcases an elegant design:
- Obverse (Front): The coin displays a bust of Lady Liberty facing left, wearing a cap, hence the name “Capped Bust.” The word “LIBERTY” is inscribed above her head, with seven stars on her left and six stars on her right.
- Reverse (Back): The reverse features an eagle with outstretched wings holding arrows and an olive branch, symbolizing war and peace. The phrase “UNITED STATES OF AMERICA” is inscribed around the eagle.
- Denomination: The denomination “2 1/2 D.” is also written below the eagle.
Why Is the 1808 Capped Bust Gold Quarter Eagle So Rare?
Several factors contribute to the rarity of this coin:
- Low Mintage: With only 2,710 coins produced, it was a limited edition from the start.
- Survival Rate: Due to circulation and the melting of gold coins in the early 19th century, very few examples remain today.
- One-Year Production: The Capped Bust design was only minted in 1808, making it unique compared to other Quarter Eagle coins.
Table: Key Details of the 1808 Capped Bust Gold Quarter Eagle
| Feature | Description |
|---|---|
| Mint Year | 1808 |
| Designer | John Reich |
| Mintage | 2,710 |
| Composition | 91.67% gold, 8.33% copper |
| Diameter | 20 mm |
| Weight | 4.37 grams |
| Rarity Level | Extremely Rare |
Collecting and Value of the 1808 Capped Bust Gold Quarter Eagle
Owning an 1808 Capped Bust Gold Quarter Eagle is a dream for many collectors, as it is a true piece of American history. The coin’s value depends on its condition, with well-preserved examples selling for hundreds of thousands of dollars at auctions. Collectors also prize it for its scarcity, historical significance, and beautiful design.
Conclusion
The 1808 Capped Bust Gold $2.50 Quarter Eagle is a rare and historically significant coin. Its unique design, low mintage, and one-year production make it highly sought after by collectors. As one of the rarest U.S. coins ever minted, its value only increases with time, making it a valuable investment and a treasure of American coinage history.
FAQ’s
Why was the 1808 Capped Bust Gold Quarter Eagle only produced for one year?
The U.S. Mint produced the coin only in 1808, possibly due to low demand or changing designs for future coins.
How much is an 1808 Capped Bust Gold Quarter Eagle worth today?
The coin’s value varies depending on its condition. Prices can range from $200,000 to over $1 million for top-quality examples.
What makes this coin so rare?
Its rarity comes from its low mintage, historical significance, and the fact that it was only produced for one year.
How can I tell if my 1808 Quarter Eagle is genuine?
Authenticating rare coins often requires the help of a professional coin grader or appraiser to ensure it is genuine.
What is the historical importance of the 1808 Capped Bust Gold Quarter Eagle?
The coin represents an important period in early American history and showcases the craftsmanship of the U.S. Mint in its early years.