Eagle Coin
Quarter Eagle Gold Coins
The gold quarter eagle, price $2.50 face value, was licensed by the Mint Act of April 2, 1792, though the primary coins of this denomination didn’t appear until 1796. In a little bit of an odd twist, nowhere on the coin is the face worth denoted.
The first gold quarter eagle was the Capped Bust to Proper kind of 1796-1807. The obverse reveals Liberty wearing a head turban fashionable with ladies of the late 18th century. For a very long time, the turban was incorrectly thought by many to be a liberty cap derived from ancient Rome, as was the case with other United States coinage. Research later uncovered the 1825 writings of Mint Director Samuel Moore, who verified the true nature of Liberty’s head attire. For this reason, numismatists also call this the Turban Head type. An example is seen straight below.
Less than 20,000 Turban Head Quarter Eagles were minted. Tensions between the U.S. and Europe all through the 1790s and early 1800s drove European gold costs higher. Bullion dealers exploited this example by obtaining American gold coinage in trade for relatively cheap Mexican silver and exporting it to abroad melting pots at a substantial profit. The danger of rapid doom greatly curtailed production of all U.S. gold cash through the earliest years below the Constitution.
The Mint hired John Reich as Assistant Engraver in 1807. Reich was a highly reputed German die sinker who arrived in the United States as an indentured servant in 1801. After six years of failing to secure permanent employment at the Mint due to inside politics (apparently, no one wished to offend the sensibilities of Chief Engraver Robert Scot), Reich began making plans to return to Germany. By way of the intervention of President Thomas Jefferson, the assistant’s position was created for Reich to retain his talent.
Reich instantly set out to improve the appearance of United States coinage, including a brand new gold quarter eagle, released in 1808. Reich depicted Miss Liberty facing left, sporting a mobcap embellished with the word LIBERTY. The Capped Bust to Left, typically generally known as the Capped Draped kind, featured a somewhat reasonable eagle extending its wings sitting atop an olive branch, while holding arrows suggesting force, if essential, to defend itself. Reich’s eagle reverse would remain a fixture on U.S. coinage for the following one hundred years.
The Capped Bust to Left Quarter Eagle was in manufacturing for the yr 1808 only. A single set of 1808 dies were made, and numismatists theorize it broke after solely 2710 pieces had been made. Thereafter, quarter eagle gold coinage was suspended because of the continued menace posed by worldwide bullion dealers.
Quarter eagle manufacturing resumed in 1821. Though gold coinage nonetheless had trouble remaining in circulation because of its high intrinsic metallic worth, a number of banks deposited gold bullion from Mexico and requested quarter eagles in return below the Mint’s “Free Coinage” policy. Reich resigned from the Mint in 1817 in disgust over his stagnated wage of $50/month, so the obligation of resurrecting the quarter eagle fell to Robert Scot.
Scot’s Capped Head to Left sort was nothing greater than a barely modified model of Reich’s 1808 design. At age seventy seven and with failing eyesight, Scot was in all probability lower than the task of originating a brand new design from scratch. Essentially the most noticeable distinction was a 1.5 mm (.059 inches) decrease in diameter. The burden remained constant, so the 1821 quarter eagle edition was thicker than its predecessors. In 1829, the diameter was diminished by another .3 mm. The Capped Head to Left was minted in small numbers practically yearly until 1834, but never gained a foothold in American society because its gold content was worth greater than its face worth, making it topic to exportation and melting.
At Valueincoins.com you’ll learn about about 2.5 dollar gold coin, 1914 quarter eagle, and 1908 quarter eagle.
Fake American Silver Eagle Coin Scams
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