Historic 1808 Capped Bust Quarter Eagle Coin Sells for $3.4 Million at Auction

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In a groundbreaking moment for numismatics, the 1808 Capped Bust Quarter Eagle has set a new auction record by fetching an incredible $3.4 million. This sale highlights one of the rarest and most coveted coins in U.S. history, offering a glimpse into its remarkable design and the factors that have contributed to its astronomical value. This article explores the history, design, and significance of the 1808 Capped Bust Quarter Eagle, as well as why it remains a prized possession for collectors and a symbol of America’s early numismatic heritage.

A Closer Look at the 1808 Capped Bust Quarter Eagle

CategoryDetails
DesignerJohn Reich, U.S. Mint Assistant Engraver
Mint Year1808
Total Mintage2,710 coins
Obverse DesignLiberty with cap inscribed “LIBERTY” surrounded by 13 stars
Reverse DesignEagle holding an olive branch and arrows, with “E PLURIBUS UNUM” above
RarityEstimated 125–150 surviving examples
Auction Price$3.4 million

What Makes the 1808 Capped Bust Quarter Eagle So Unique?

A One-Year Production Coin

Unlike most coins, the 1808 Capped Bust Quarter Eagle was minted for just one year, with only 2,710 pieces produced. This extremely limited production makes it one of the rarest U.S. coins. Its rarity, coupled with its distinctive design, has made it an iconic piece for numismatists and collectors worldwide.

A Rare Survivor

It’s estimated that only around 125 to 150 examples of the 1808 Capped Bust Quarter Eagle remain in existence. The coin’s scarcity is primarily due to many being lost, melted down, or heavily worn through circulation. As a result, only a small number of well-preserved specimens are available today, significantly enhancing its value.

Three Major Coin Errors That Could Make Your Coins Worth a Fortune

Rare coins are often valuable due to significant errors in their production, and the 1808 Quarter Eagle’s rarity adds to its allure.

Artistic Features of the 1808 Quarter Eagle

Obverse: Liberty, A Timeless Icon

The obverse of the 1808 Capped Bust Quarter Eagle features a left-facing Liberty, her cap inscribed with the word “LIBERTY.” Surrounding her are 13 stars, symbolizing the original colonies, and the year “1808” is displayed beneath. This design captures the spirit of early American coinage and reflects a shift toward a more classical and elegant aesthetic.

Reverse: A Bold, Symbolic Eagle

The reverse of the coin showcases a dynamic eagle with outstretched wings, clutching both an olive branch and arrows in its talons. The olive branch symbolizes peace, while the arrows represent readiness for defense. Above the eagle are the words “E PLURIBUS UNUM” (“Out of many, one”), and the coin’s denomination, “2 1/2 D,” is inscribed below. The eagle’s lifelike depiction marked a departure from earlier stylized designs, and set a new standard for U.S. coinage artistry.

The Historical Context of the 1808 Capped Bust Quarter Eagle

The early 1800s represented a transformative period in American coinage. During this time, the production of the $2.50 quarter eagle was minimal due to low demand, and the 1808 Capped Bust Quarter Eagle was the final coin of this denomination minted until 1821, after a 13-year hiatus. This gap in production contributes to the coin’s historical importance.

Additionally, John Reich’s design on the 1808 Capped Bust Quarter Eagle marked a turning point in American numismatic art. Reich moved away from the abstract designs of earlier coins, opting instead for a more realistic and lifelike portrayal of Liberty and the eagle.

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