The 1796 Turban Head Gold $2.50 Quarter Eagle is an important coin in U.S. history. This coin is unique because it was the first quarter eagle ever produced by the United States Mint, and it has a special design known as the “No Stars on Obverse.” This feature makes it a rare and highly valuable coin for collectors. In this article, we’ll explore the history, design, and value of this fascinating coin to understand why it’s considered one of the most prized coins in American numismatics.
History of the 1796 Turban Head Quarter Eagle
The 1796 Turban Head Gold $2.50 Quarter Eagle was introduced during a time when the United States was still establishing its national identity. The quarter eagle, worth $2.50, was created to offer more options for gold coin transactions. Only 963 of these coins were minted in 1796, making it extremely rare today.
The “No Stars on Obverse” design is especially interesting because it was used for only a short period. Later versions of the quarter eagle added stars to the obverse (front) side. This change adds to the historical importance of the 1796 quarter eagle, as it represents an early design experiment by the U.S. Mint.
Design of the 1796 Turban Head Quarter Eagle: No Stars On Obverse
The 1796 Turban Head Gold $2.50 Quarter Eagle is known for its striking and simple design. Here’s a closer look at the features of both sides:
- Obverse (Front): The obverse side of the coin features Lady Liberty wearing a turban-like cap, which is why it’s called the “Turban Head” design. What makes this coin special is that there are no stars on this side, unlike most other coins from the same era. The date “1796” is engraved below Lady Liberty’s portrait.
- Reverse (Back): The reverse side shows a bald eagle with wings outstretched, holding an olive branch in one talon and arrows in the other. Above the eagle, the inscription reads “UNITED STATES OF AMERICA,” and the denomination “2 1/2 D.” is displayed below.
- Metal Composition: The coin is made of 91.67% gold and 8.33% copper, giving it a weight of approximately 4.37 grams and a diameter of 20 mm.
Rarity and Value of the 1796 Turban Head Quarter Eagle
The 1796 Turban Head Gold $2.50 Quarter Eagle is extremely rare due to its low mintage of only 963 coins. Most of these coins have been lost or melted down over time, leaving only a few examples available for collectors today. Here’s why this coin is so valuable:
- Low Mintage: With fewer than 1,000 coins produced, the 1796 Turban Head Quarter Eagle is one of the rarest gold coins in U.S. history. The scarcity of this coin makes it a top prize for collectors.
- Unique Design: The “No Stars on Obverse” design was only used in 1796, making this coin even more special. Later versions of the quarter eagle included stars, making the no-stars version a true standout in the series.
- High Auction Prices: Well-preserved examples of the 1796 Turban Head Quarter Eagle can sell for hundreds of thousands of dollars at auction. In some cases, the coin has fetched over $1 million.
Why the 1796 Turban Head Quarter Eagle Matters
This coin is more than just a rare collectible—it’s a piece of American history. The 1796 Turban Head Quarter Eagle marks the early days of U.S. coin production, reflecting the country’s efforts to establish a functional and attractive currency system. For collectors, owning this coin means holding a symbol of the nation’s growth and development in its formative years.
Table: Quick Facts about the 1796 Turban Head Gold $2.50 Quarter Eagle
| Feature | Details |
|---|---|
| Year Minted | 1796 |
| Mint Location | Philadelphia (No mint mark) |
| Designer | Robert Scot |
| Metal Content | 91.67% Gold, 8.33% Copper |
| Weight | 4.37 grams |
| Diameter | 20 mm |
| Known to Exist | A few hundred |
| Record Sale Price | Over $1 million |
| Mintage | 963 coins |
Conclusion
The 1796 Turban Head Gold $2.50 Quarter Eagle, with its “No Stars on Obverse” design, is a rare and valuable coin that holds a special place in U.S. history. As the first quarter eagle produced by the U.S. Mint, it represents a unique moment in the country’s numismatic past. Its low mintage, unique design, and historical significance make it a highly sought-after piece for collectors. Owning this coin means owning a piece of early American history, a reminder of the nation’s beginnings and its efforts to create a stable and respected currency.
FAQ’s
1. Why is the 1796 Turban Head Quarter Eagle so rare?
Its rarity comes from its low mintage of only 963 coins and the fact that many have been lost or melted down over time.
2. How much is the 1796 Turban Head Quarter Eagle worth?
Depending on its condition, this coin can sell for anywhere between hundreds of thousands to over $1 million at auction.
3. What is the metal composition of the 1796 Quarter Eagle?
The coin is made of 91.67% gold and 8.33% copper, giving it a rich golden appearance.
4. What does “No Stars on Obverse” mean?
It means that the obverse side of the coin, which usually has stars on other coins from this period, does not have any stars.
5. Can I still find a 1796 Turban Head Quarter Eagle today?
Yes, but they are very rare. Only a few hundred are known to exist, making them highly prized by collectors.