In a groundbreaking moment for the world of numismatics, the 1808 Capped Bust Quarter Eagle recently sold for an astonishing $3.4 million at auction, setting a new record. This sale has shone a spotlight on one of the rarest and most highly sought-after coins in American history. With its exceptional design and unparalleled scarcity, this coin remains a prized gem for collectors and a significant artifact in U.S. coinage history.
This article explores the captivating story of the 1808 Capped Bust Quarter Eagle, delving into its design, historical context, and the reasons behind its record-breaking auction price. We’ll also examine why it continues to hold an iconic status in the numismatic community.
Overview of the 1808 Capped Bust Quarter Eagle
| Category | Details |
|---|---|
| Designer | John Reich, Assistant Engraver of the U.S. Mint |
| Mint Year | 1808 |
| Total Mintage | 2,710 coins |
| Obverse Design | Liberty with a cap inscribed “LIBERTY,” surrounded by 13 stars |
| Reverse Design | Eagle holding an olive branch and arrows, with “E PLURIBUS UNUM” above |
| Rarity | Estimated 125–150 surviving examples |
| Grade (Auctioned) | MS65 |
| Auction Price | $3.4 million |
The Irresistible Allure of the 1808 Capped Bust Quarter Eagle
A One-Year Production Wonder
The 1808 Capped Bust Quarter Eagle stands apart due to its unique production history. It was minted for just one year, with only 2,710 pieces produced. This rarity, combined with its elegant design, has made it a global favorite among collectors.
A Rare Survivor
Today, only an estimated 125 to 150 examples of the coin remain, many of which show signs of heavy circulation or damage. Such a limited supply of well-preserved specimens has significantly boosted its value and desirability.
Artistic Features of the Coin
Obverse: Liberty in Timeless Grace
The obverse of the coin features a left-facing Liberty wearing a cap inscribed with “LIBERTY.” Encircling her are 13 stars, representing the original American colonies. The year “1808” is prominently displayed below. This design exudes classical elegance and highlights the artistic evolution of the early 19th century.
Reverse: The Majestic Eagle
On the reverse, an intricately designed eagle with outstretched wings clutches an olive branch and arrows, symbolizing peace and preparedness. Above the eagle, the Latin motto “E PLURIBUS UNUM” translates to “Out of many, one,” while the denomination “2 1/2 D” is inscribed below. This lifelike portrayal marked a departure from earlier, more abstract designs, signaling a new era in U.S. coin artistry.
Historical Context
The 1808 Capped Bust Quarter Eagle emerged during a transformative period in U.S. coinage. Quarter eagle production was limited due to low demand, and this coin represents the last of its denomination until production resumed in 1821, following a 13-year hiatus.
Designed by John Reich, this coin was a milestone in numismatic art. Reich introduced a more realistic depiction of Liberty and the eagle, shifting away from abstract styles. His work on the 1808 Capped Bust Quarter Eagle is celebrated as a masterpiece in early American coinage.
The Record-Breaking Auction
In 2024, a pristine example of the 1808 Capped Bust Quarter Eagle achieved a record-breaking sale price of $3.4 million. Graded MS65 by the Professional Coin Grading Service (PCGS), this coin’s flawless condition and historical significance captivated bidders worldwide.
Why This Coin Stands Out
- Impeccable Preservation: An MS65 grade indicates exceptional condition, with near-perfect detail and luster.
- Extreme Rarity: With fewer than 150 surviving examples, it is among the rarest U.S. coins.
- Fierce Competition: Collectors globally recognized its importance, driving the price to unprecedented heights.
Factors Driving Its Value
- Rarity: The extremely limited supply enhances its appeal.
- Condition: The MS65 grade sets it apart as a nearly flawless example.
- Historical Importance: It represents a pivotal moment in U.S. coinage history.
- Artistic Excellence: John Reich’s lifelike designs elevate its significance.
Auction History of the 1808 Capped Bust Quarter Eagle
| Year | Auction House | Grade | Sale Price |
|---|---|---|---|
| 2015 | Stack’s Bowers | MS65 | $2,350,000 |
| 2020 | Heritage Auctions | MS63 | $517,500 |
| 2024 | Stack’s Bowers | AU53 | $156,000 |
| 2024 | Heritage Auctions | AU53 | $156,000 |
| 2024 | Stack’s Bowers | MS65 | $3,400,000 |
Impact on the Numismatic Market
The record-breaking sale of the 1808 Capped Bust Quarter Eagle highlights several trends in numismatics:
सम्बंधित ख़बरें
- Sustained Demand: Rare coins with rich histories remain highly coveted.
- Grading’s Role: Professionally graded coins consistently command premium prices.
- Investment Potential: Rare coins are increasingly seen as valuable long-term assets.
This landmark auction reaffirms the importance of rarity and condition in determining a coin’s value, setting new benchmarks for historic pieces.
Frequently Asked Questions
Why is the 1808 Capped Bust Quarter Eagle so valuable?
Its rarity, historical significance, and impeccable condition make it a treasure among collectors.
How many of these coins exist today?
Approximately 125 to 150 examples are believed to have survived.
What does MS65 mean?
MS65 denotes a mint-state coin with minimal imperfections, highly prized in numismatics.
Who designed the coin?
The design was created by John Reich, an influential figure in early American coinage.
When was the next quarter eagle minted?
The next quarter eagle was produced in 1821, following a 13-year gap.
Final Thoughts
The 1808 Capped Bust Quarter Eagle transcends its status as a mere coin, embodying a slice of American history and artistry. Its $3.4 million sale underscores its unparalleled significance and enduring appeal. Whether you’re a seasoned collector or a history enthusiast, this coin offers a fascinating glimpse into the legacy of early U.S. coinage.
What are your thoughts on this historic piece? Share your views or explore more stories about rare and extraordinary coins!