The 1849-D Liberty Head Quarter Eagle is an exciting coin for both collectors and history enthusiasts. This coin is part of America’s numismatic heritage, showcasing the early days of gold coin production in the United States. In this guide, we’ll delve into the coin’s background, production details, rarity, and market data. Whether you’re new to coin collecting or just curious, you’re in the right place!
Background of the 1849-D Liberty Head Quarter Eagle
The year 1849 marked a significant period for gold in the United States, primarily due to the California Gold Rush. As gold became more available, the U.S. Mint introduced several new denominations to facilitate trade. Among these were the Gold Dollar and the Quarter Eagle. The Gold Dollar aimed to be an accessible coin for everyday transactions, while the Quarter Eagle, valued at $2.50, was larger and more substantial.
Minting Challenges
The U.S. Mint faced challenges in producing new gold coins during this time. James Barton Longacre, the Chief Engraver, successfully launched the Gold Dollar in 1849, but production of the larger Liberty Head Double Eagle was delayed. The Mint managed to create only one prototype of the $20 gold coin that year, with full production starting in 1850. However, the Dahlonega Mint in Georgia was able to strike several gold coins, including the Liberty Head Quarter Eagle.
Dahlonega Mint Gold Coin Production in 1849
The Dahlonega Mint produced three types of gold coins in 1849. Below are the mintages for these coins:
| Coin Type | Mintage |
|---|---|
| 1849-D Gold Dollar | 21,588 |
| 1849-D Liberty Head Quarter Eagle | 10,945 |
| 1849-D Liberty Head Half Eagle | 39,036 |
Rarity of the 1849-D Liberty Head Quarter Eagle
Among these coins, the 1849-D Liberty Head Quarter Eagle is particularly rare. With only 10,945 coins minted, it is scarcer than the Liberty Head Half Eagle and has a higher population than the Gold Dollar in Mint State. This makes the Quarter Eagle a valuable find for collectors.
Identifying Varieties of the 1849-D Liberty Head Quarter Eagle
There are two main varieties of the 1849-D Liberty Head Quarter Eagle, which are distinguished by the placement of the date relative to the coin’s design features known as denticles. The two varieties are:
| Variety | Description |
|---|---|
| Variety 12-N | Low Date: The left tip of the “1” in the date touches the denticle. |
| Variety 11-N | High Date: The date is centered below the bust of Liberty. |
Both varieties share a common feature: weak denticles on the reverse side of the coin. This characteristic can make identifying these coins a bit tricky for novice collectors.
Market Data and Noteworthy Specimens
The 1849-D Liberty Head Quarter Eagle has several noteworthy specimens. Here are details about specific coins that have made headlines in the numismatic community:
| Coin | Grade | Auction Price | Auction House |
|---|---|---|---|
| PCGS MS62 #83837065 | MS62 | $18,221.90 | Heritage Auctions |
| NGC MS62 #302714-010 | MS62 | $24,150 | Various Auctions |
| PCGS MS61 #29529696 | MS61 | $16,450 | Heritage Auctions |
These examples illustrate the demand for the 1849-D Liberty Head Quarter Eagle and highlight the factors that contribute to its market value.
Specifications of the 1849-D Liberty Head Quarter Eagle
Here are the key specifications of the 1849-D Liberty Head Quarter Eagle:
| Specification | Detail |
|---|---|
| Country | United States of America |
| Year of Issue | 1849 |
| Denomination | $2.50 (USD) |
| Mintmark | D (Dahlonega) |
| Mintage | 10,945 coins |
| Alloy | 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 |
Conclusion
The 1849-D Liberty Head Quarter Eagle holds a special place in American coinage history. Its production during the California Gold Rush and the unique challenges faced by the U.S. Mint make it a fascinating piece for collectors. With only 10,945 coins minted, it is rare, especially in higher grades. Collectors appreciate its historical significance and beauty, making it a sought-after item in the numismatic market. If you’re considering diving into coin collecting, understanding coins like the 1849-D Liberty Head Quarter Eagle is an excellent starting point!
FAQ’s
What is the 1849-D Liberty Head Quarter Eagle?
The 1849-D Liberty Head Quarter Eagle is a gold coin valued at $2.50, minted in Dahlonega, Georgia. It was produced during the California Gold Rush and is known for its rarity, with only 10,945 coins minted.
How can I identify the different varieties of the 1849-D Liberty Head Quarter Eagle?
There are two main varieties of the 1849-D Liberty Head Quarter Eagle: Variety 12-N, which features a low date where the “1” touches the denticle, and Variety 11-N, where the date is better centered below Liberty’s bust.
Why is the 1849-D Liberty Head Quarter Eagle considered valuable?
The 1849-D Liberty Head Quarter Eagle is considered valuable due to its low mintage, historical significance from the Gold Rush era, and its appeal to collectors. Higher-grade examples can fetch significant prices at auctions.