Tuesday 21st May 2013



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Overview
Draped Bust Right
Capped Bust Left
Classic Head
Coronet
Indian Head

Capped Bust Quarter Eagle 1808 - 1834

John Reich's design was struck in just 1808, and of the 2,710 pieces minted fewer than 2% exist today (35-40 pieces). It is suggested the low survival rate may be due to the weak borders which exposed the coin to heavy wear. All 2,710 pieces were probably minted from a single pair of dies.

Specifications

Designer: John Reich
Content: 91.7% gold 8.3% other
Diameter: 18.2 mm
Weight: 4.37 grams
Edge: Reeded
Mint Mark: None (all were struck in Philadelphia)
I View Grading
Year/
Mint Mark
Circulation
Strikes
18082,710
18216,448
18242,600
18254,434
1826760

Type 1
Large Bust (1808)

1808 Capped Bust 2 1-2 Gold coin Type 1, Large Head - Obverse 1808 Capped Bust 2 1-2 Gold coin Type 1, Large Head -  Reverse

Walter Breen suggested banks simply preferred half eagles to quarter eagles and this was why such a small mintage in 1808 and a twelve year gap before being issued again. This would explain the high mintage of the half eagle in the 19th century, but raises question about production of the eagle.

After the 12-year halt in the production, uncertain world political events combined with higher gold prices to caused gold coins to disappear from circulation. For unknown reasons, several Banks requested quarter eagle coins in 1821.



Chief Engraver Robert Scot was responsible for designing the issue, he adapted a design from a earlier John Reich motif instead of making a new one. On the obverse, Liberty faces left and her mobcap is smaller than the one on the 1808 pieces, this made room for the stars along with the date at the bottom to form a circle. The reverse received only slight modifications (lower wing feathers).

All business strike Capped Head Left, Large Diameter quarter eagles are scare to rare; census/ population totals are 100+ for only 1825. The only certified proof date is the 1821 (fewer than 10 coins).

Type 2
Small Bust, Large Diameter, 1821-1827

1821 Capped Bust $2 1/2 Gold coin Type 2, Small Head, Large Date - Obverse 1821 Capped Bust $2 1/2 Gold coin Type 2, Small Bust, Large Date - Revwese


After the death of Robert Scot in 1823, William Kneass (appointed his successor) received a mandate to improve existing designs instead of creating new designs. Kneass "cleaned up" Scot's design of the quarter eagle, he reduced the size of the letters, dates, stars, and modifyed Liberty's portrait.

Year/
Mint Mark
Circulation
Strikes
18272,800
18293,403
18304,540
18314,520
18324,400
18334,160
18344,000

Type 3
Small Bust, Reduced Diameter 1829-1834

1833 Capped Left type 3 (reduced size) quarter eagle coin obverse 1833 Capped Left type 3 (reduced size) quarter eagle coin reverse

The most significant change was the introduction of the "collar die" in 1828. This new process added reeding to the edge of the planchet (previously a separate operation) and ensured uniformity of a coins diameter. Collar dies also produce higher rims on the coins protecting the surface features.

Because of the melting of gold coins, their weight was reduced in 1834. This made bullion prices less than face value.

Business strikes of the Capped Head Left, Small Diameter quarter eagles are scare to rare; census/ population totals never exceed 150 coins for any given year (totals likely including resubmissions).

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