The 1848 Liberty Head Quarter Eagle is a rare and highly sought-after coin that played a significant role in the history of U.S. gold coinage. The year 1848 marked the discovery of gold in California, which led to a massive influx of gold into the U.S. Mint, changing the way coins were made and circulated. This guide will take a closer look at the 1848 Liberty Head Quarter Eagle, its history, design, and value, as well as its place in the world of coin collecting.
The History Behind the 1848 Liberty Head Quarter Eagle
In 1848, a major event occurred when James Wilson Marshall discovered gold at Sutter’s Mill in California. This discovery sparked the California Gold Rush, leading to a large migration of people to the western territories of the United States. The U.S. Mint, mainly based in Philadelphia, started receiving large quantities of California gold, which was used to strike new coins, including the Liberty Head Quarter Eagle.
The Philadelphia Mint produced only 6,500 of these coins in 1848, making them rare and valuable today. Additionally, a special group of 1,389 coins was struck from California gold and stamped with “CAL.” above the eagle’s head, marking them as special issues tied to the Gold Rush.
Design of the 1848 Liberty Head Quarter Eagle
The obverse (front) of the 1848 Liberty Head Quarter Eagle shows Lady Liberty seated on a rock, holding a pole and a shield. Surrounding her are 13 stars, representing the original 13 colonies of the United States. The date “1848” is located at the bottom of the coin.
The reverse (back) of the coin features an eagle with wings spread wide, holding an olive branch and arrows in its talons. The inscription UNITED STATES OF AMERICA is around the edge, with the denomination $2.50 shown at the bottom.
Coin Production Data
The 1848 Liberty Head Quarter Eagle was one of several coins produced that year. Here’s a breakdown of some notable 1848 coin productions, including the Liberty Head Quarter Eagle:
| Coin Type | Mintage |
|---|---|
| 1848 Braided Hair Cent | 6,415,799 |
| 1848 Liberty Seated Half Dime | 668,000 |
| 1848 Liberty Seated Dime | 451,500 |
| 1848 Liberty Seated Quarter | 146,000 |
| 1848 Liberty Seated Half Dollar | 580,000 |
| 1848 Liberty Seated Dollar | 15,000 |
| 1848 Liberty Head Quarter Eagle | 6,500 |
| 1848 Liberty Head Half Eagle | 260,775 |
| 1848 Liberty Head Eagle | 145,484 |
As you can see, the 1848 Liberty Head Quarter Eagle had one of the lowest mintages, making it a scarce and valuable coin for collectors.
Rarity and Value of the 1848 Liberty Head Quarter Eagle
The 1848 Liberty Head Quarter Eagle is considered a rare coin due to its low mintage of just 6,500 pieces. The coin is in high demand among collectors, especially the “CAL.” variety, which was struck from California gold. These coins are often graded on their condition, with higher-grade coins being worth significantly more.
In circulated condition, the 1848 Liberty Head Quarter Eagle is valued between $1,200 and $2,000. However, coins in Mint State (perfect condition) can sell for much higher amounts. For example, an MS64-grade coin has been known to fetch around $20,000 at auction.
Collecting the 1848 Liberty Head Quarter Eagle
For collectors, owning an 1848 Liberty Head Quarter Eagle is a prestigious achievement due to its historical significance and rarity. Many collectors focus on obtaining the “CAL.” variety, which is considered one of the most important coins from the California Gold Rush period. The 1848 Liberty Head Quarter Eagle offers collectors a piece of American history and an opportunity to own a tangible link to the gold rush era.
Conclusion
The 1848 Liberty Head Quarter Eagle holds an important place in U.S. history. It represents the impact of the California Gold Rush and the beginning of a new era for American coinage. Its rarity, historical connection, and attractive design make it a valuable asset for any coin collector. Whether you’re a beginner or an experienced numismatist, the 1848 Liberty Head Quarter Eagle is a coin that is sure to be treasured for years to come.
FAQ’s
What makes the 1848 Liberty Head Quarter Eagle so rare?
The 1848 Liberty Head Quarter Eagle is rare due to its low mintage of only 6,500 coins. Additionally, a special version, the “CAL.” variety, was struck from gold found during the California Gold Rush, making it even more valuable and historically significant.
How much is the 1848 Liberty Head Quarter Eagle worth today?
The value of the 1848 Liberty Head Quarter Eagle varies depending on its condition. In circulated grades, it can range from $1,200 to $2,000, while coins in Mint State can fetch much higher prices, sometimes over $20,000.
What is the “CAL.” variety of the 1848 Liberty Head Quarter Eagle?
The “CAL.” variety of the 1848 Liberty Head Quarter Eagle was struck from gold sourced from California. These coins were stamped with “CAL.” above the eagle on the reverse, marking their historical connection to the California Gold Rush. They are rarer and more valuable than the standard version.