The 1848-D Liberty Head Quarter Eagle is one of the most prized coins among collectors of U.S. gold coins. Struck at the Dahlonega Mint in Georgia, this coin is rare and carries significant historical importance. With only 13,771 coins produced, it is one of the key collectibles from the pre-Civil War era. This guide explores the history, features, and market value of this rare quarter eagle coin.
History of the 1848-D Liberty Head Quarter Eagle
The Dahlonega Mint operated from 1838 to 1861 and was primarily tasked with minting gold coins using gold sourced from local mines. In 1848, the mint struck 13,771 Liberty Head Quarter Eagles. Although this was not the highest production from Dahlonega, it is significant due to the mint’s lower output in later years. After 1852, the production of $2.50 gold coins decreased dramatically, and the mint eventually ceased operations when the Civil War began.
Varieties and Features
In 1848, the Philadelphia Mint sent three die pairs to Dahlonega for the production of this coin, but only two varieties have been identified. These two varieties are differentiated by the placement and orientation of the “D” mintmark on the coin’s reverse. Both varieties share the same obverse design.
The 1848-D Liberty Head Quarter Eagle is known for its relatively good strike quality, especially for a coin produced at the Dahlonega Mint. However, some details, like the denticulation (the raised edges on the reverse), are often poorly defined in specific areas of the coin.
1848-D Liberty Head Quarter Eagle Specifications
Here is a quick summary of the important details about the 1848-D Liberty Head Quarter Eagle:
| Specification | Details |
|---|---|
| Country of Issue | United States of America |
| Year of Issue | 1848 |
| Denomination | $2.50 USD |
| Mintmark | D (Dahlonega Mint) |
| Mintage | 13,771 |
| Alloy Composition | 90% Gold, 10% Copper |
| Weight | 4.18 grams |
| Diameter | 18.00 mm |
| Edge | Reeded |
| Obverse Designer | Christian Gobrecht |
| Reverse Designer | Christian Gobrecht |
| Quality | Business Strike |
Market Data and Notable Sales
Over time, the 1848-D Liberty Head Quarter Eagle has become highly desirable in the numismatic community. According to experts, about 69 of these coins are believed to have survived in varying conditions. Some of the finest examples have been sold at auction for significant amounts.
Notable Auction Sales:
| Coin Grade | Auction House | Date of Sale | Price Realized |
|---|---|---|---|
| PCGS MS63 #37589815 | Goldberg Auctioneers | September 2019 | $24,000 |
| PCGS MS63 #13997366 | Heritage Auctions | June 2008 | $27,600 |
| PCGS MS63 #5549746 | Heritage Auctions | August 1999 | $20,700 |
| PCGS MS63 CAC #21026476 | Heritage Auctions | April 2014 | $25,850 |
These examples highlight the coin’s market value and the appreciation it has gained among collectors over the years.
Conclusion
The 1848-D Liberty Head Quarter Eagle is a rare and significant coin for both its historical context and its numismatic value. Its limited production, combined with the fact that only about 69 examples have survived, makes it a coveted piece for serious collectors. Whether you’re an experienced collector or someone interested in U.S. gold coins, this coin is an excellent example of American history captured in gold.
FAQ’s
How many 1848-D Liberty Head Quarter Eagles were minted?
The Dahlonega Mint produced 13,771 of these coins in 1848. This was one of the higher mintages for the quarter eagle from this mint before its production significantly decreased.
Why is the 1848-D Liberty Head Quarter Eagle considered rare?
Only about 69 of these coins are believed to have survived, making it a highly sought-after coin among collectors. Its historical significance and limited availability add to its rarity.
What is the typical auction price for an 1848-D Liberty Head Quarter Eagle?
Depending on its condition, auction prices for the coin can range from $20,000 to over $27,000, with the highest-grade coins commanding the most value.