The 1847 Liberty Head Quarter Eagle is a remarkable piece of American coinage history that continues to captivate collectors with its timeless design and historical significance. Minted during the mid-19th century, this $2.50 gold coin is part of the iconic Liberty Head Quarter Eagle series, which was produced from 1840 to 1907. Its combination of aesthetic appeal, relatively low mintage, and historical context makes it a treasured item in numismatic circles.
Historical Background
The Liberty Head Quarter Eagle was designed by Christian Gobrecht, the third Chief Engraver of the U.S. Mint. It was introduced in 1840 as part of a broader effort to standardize the design of U.S. gold coinage. The series was minted for nearly seven decades, making it one of the longest-running U.S. coin series.
In 1847, the nation was experiencing economic growth following the Mexican-American War and the annexation of new territories. Gold coins like the Liberty Head Quarter Eagle were integral to commerce and were widely circulated across the expanding United States. The 1847 edition represents an era when gold coins were used not just as collectibles but as a trusted medium of exchange.
Design Details
The 1847 Liberty Head Quarter Eagle features a classic and elegant design:
- Obverse: The obverse displays Lady Liberty wearing a coronet inscribed with the word “LIBERTY.” Surrounding her are 13 stars, representing the original colonies, and the date “1847” at the bottom.
- Reverse: The reverse features an eagle with outstretched wings clutching an olive branch and arrows. Above the eagle is the inscription “UNITED STATES OF AMERICA,” and below, the denomination “2 1/2 D.”
This design is known for its symmetry and precision, with intricate details that highlight the artistry of mid-19th-century U.S. coinage.
Mintage and Rarity
The Philadelphia Mint struck 867,199 Liberty Head Quarter Eagles in 1847, a moderate mintage compared to some other years in the series. Although many were produced, surviving specimens in high grades are scarce, as most coins saw heavy circulation. As a result, uncirculated examples are particularly prized by collectors.
Value of the 1847 Liberty Head Quarter Eagle
The value of the 1847 Liberty Head Quarter Eagle depends on its condition and whether it has been professionally graded. Below is a general value range:
- Circulated Examples: $300–$500
- Uncirculated (MS60–MS63): $1,200–$3,000
- Premium Grades (MS64 and higher): $5,000 or more
Rare examples with exceptional eye appeal or unique provenance can fetch even higher prices at auctions.
Tips for Collectors
- Buy Graded Coins: Coins graded by reputable services like PCGS or NGC provide assurance of authenticity and quality.
- Inspect for Details: Look for coins with minimal wear and strong luster, particularly on Lady Liberty’s hair and the eagle’s feathers.
- Check Auction Records: Studying recent sales can help you gauge the coin’s current market value.
Conclusion
The 1847 Liberty Head Quarter Eagle is a perfect blend of artistry, history, and gold value. Its moderate mintage, beautiful design, and connection to a pivotal era in U.S. history make it a fascinating addition to any collection. Whether you’re a seasoned numismatist or a novice collector, owning this coin is like holding a tangible piece of America’s past.
FAQs
1. What is the value of the 1847 Liberty Head Quarter Eagle?
The value of the 1847 Liberty Head Quarter Eagle ranges from $300 for circulated examples to over $5,000 for coins in premium uncirculated grades (MS64 or higher).
2. Why is the 1847 Liberty Head Quarter Eagle so valuable?
Its value comes from its historical significance, the artistry of its design, and the limited number of high-quality specimens that remain today.
3. How can I identify an 1847 Liberty Head Quarter Eagle?
Look for the classic design featuring Lady Liberty with 13 stars on the obverse and an eagle on the reverse with the denomination “2 1/2 D.” The mint year, 1847, is prominently displayed on the obverse.