The 1808 Capped Bust Gold $2.50 Quarter Eagle is a rare and fascinating coin that has a special place in American history. As the only quarter eagle of its kind minted in 1808, it holds significant value among collectors. The Capped Bust design, created by John Reich, was only used for this one year, making it a prized piece for anyone interested in early U.S. gold coins. Let’s explore the history, design, and value of this unique coin and understand why it is so important in numismatics.
History of the 1808 Capped Bust Quarter Eagle
The 1808 Capped Bust Gold $2.50 Quarter Eagle comes from a time when the U.S. Mint was still relatively new, having been established in 1792. The quarter eagle itself is a smaller denomination of gold coin, worth $2.50, designed to provide more options for gold transactions. Only 2,710 of these coins were minted in 1808, making it a rare find today. Many of these coins have been lost or melted down, which adds to the value of the few remaining examples.
Design of the 1808 Capped Bust Quarter Eagle
The 1808 Capped Bust Gold $2.50 Quarter Eagle features a distinctive design that makes it easily recognizable. Here’s what the obverse and reverse sides look like:
- Obverse (Front): The obverse side of the coin shows a portrait of Lady Liberty facing left, wearing a cap with a headband inscribed with “LIBERTY.” The design includes 13 stars around the edge, representing the original 13 colonies, and the date “1808” below the portrait.
- Reverse (Back): The reverse side displays a majestic eagle with a shield on its chest, holding an olive branch and arrows in its talons. Above the eagle, the inscription reads “UNITED STATES OF AMERICA,” with the value “2 1/2 D.” (representing $2.50) written below.
- Metal Composition: The coin is made from 91.67% gold and 8.33% copper, with a total weight of about 4.37 grams and a diameter of 20 mm. This composition gives it a rich golden color and a solid feel.
Rarity and Value of the 1808 Capped Bust Quarter Eagle
The 1808 Capped Bust Quarter Eagle is highly sought after by collectors due to its low mintage and historical significance. Here’s why this coin is so valuable:
- Low Mintage: With only 2,710 coins produced, the 1808 Capped Bust Quarter Eagle is a rare piece. Its low mintage means that even fewer coins are available in today’s market, making it a top choice for collectors.
- Unique Design Year: The Capped Bust design for the quarter eagle was only used in 1808, adding to its uniqueness and desirability. No other quarter eagle features this design, making it a one-year-only issue.
- Auction Prices: Because of its rarity, the 1808 Capped Bust Quarter Eagle can command high prices at auctions. Depending on its condition, this coin has been known to sell for tens of thousands of dollars, with well-preserved examples fetching over $100,000.
Why the 1808 Capped Bust Quarter Eagle is Important
The 1808 Capped Bust Quarter Eagle is more than just a rare coin—it represents a time when the United States was establishing its identity through its currency. This coin symbolizes the early efforts of the U.S. Mint to create coins that were both functional and beautiful. For collectors, owning this coin is like owning a piece of the country’s early history, a tangible reminder of the nation’s growth and development.
Table: Quick Facts about the 1808 Capped Bust Gold $2.50 Quarter Eagle
| Feature | Details |
|---|---|
| Year Minted | 1808 |
| Mint Location | Philadelphia (No mint mark) |
| Designer | John Reich |
| Metal Content | 91.67% Gold, 8.33% Copper |
| Weight | 4.37 grams |
| Diameter | 20 mm |
| Known to Exist | Few hundred |
| Record Sale Price | Over $100,000 |
| Mintage | 2,710 coins |
Conclusion
The 1808 Capped Bust Gold $2.50 Quarter Eagle is a rare and valuable piece of American history. Its limited mintage, unique design, and rich historical background make it a prized possession for coin collectors. As the only quarter eagle minted with the Capped Bust design, this coin offers a glimpse into the early days of U.S. coinage, reflecting the country’s growth and ambition. Collectors who own this coin are not just holding a piece of gold—they are preserving a part of America’s numismatic heritage. The story behind the 1808 Capped Bust Quarter Eagle adds to its allure, making it a must-have for anyone passionate about early U.S. coins.
FAQ’s
1. Why is the 1808 Capped Bust Quarter Eagle so rare?
Its rarity is due to the low mintage of just 2,710 coins and the fact that many have been lost or melted down over the years.
2. How much is the 1808 Capped Bust Quarter Eagle worth?
Depending on its condition, this coin can sell for anywhere between tens of thousands to over $100,000 at auction.
3. What is the metal composition of the 1808 Quarter Eagle?
The coin is made of 91.67% gold and 8.33% copper, giving it a rich golden appearance.
4. What does the “Capped Bust” design mean?
The Capped Bust design refers to the image of Lady Liberty wearing a cap with “LIBERTY” inscribed, which was a common design element for early U.S. coins.
5. Can I still find an 1808 Capped Bust Quarter Eagle today?
Yes, but they are very rare. A few hundred are known to exist, often in the hands of collectors and numismatic enthusiasts.