The 1850-D Liberty Head Quarter Eagle is a special coin from a historic era. Minted at the Dahlonega Mint, this $2.50 gold coin is sought after by collectors due to its rarity and connection to the rich history of the 19th century.
With only 12,148 coins produced, it remains one of the most elusive coins for coin enthusiasts today.
Historical Background
In the mid-1800s, the United States saw a surge in coin minting, with the Dahlonega Mint being one of the key locations producing gold coins. After minting around 36,000 Liberty Head Quarter Eagles in 1843, the output for this coin was significantly reduced.
In 1850, the number of coins minted dropped to just over 12,000. This decrease made the 1850-D Liberty Head Quarter Eagle a rare and valuable piece.
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Why is the 1850-D Liberty Head Quarter Eagle Rare?
Several factors contribute to the coin’s rarity. Firstly, in the 1840s and 1850s, there were only a few active coin collectors. Most collectors from this period did not focus on collecting coins by mintmark, a practice that only gained popularity in the early 20th century.
Additionally, the $2.50 coin had a high purchasing power, equivalent to over $100 today, making it less accessible for the average person. As a result, very few of these coins were preserved in their original condition.
Circulation and Condition
The 1850-D Liberty Head Quarter Eagle saw heavy circulation, and most of the coins that have survived to this day are in Extra Fine (XF) or About Uncirculated (AU) condition.
Many have undergone cleaning to remove dirt and patina, which can lower their value. However, coins with their original surfaces are highly prized and rare.
Surviving Examples and Market Data
Renowned numismatist David Akers, in his 1975 book United States Gold Coins: An Analysis of Auction Records, estimated that only 61 of these coins survived.
However, more examples have surfaced since then, with over 200 pieces now certified in AU50 and higher grades by leading grading services PCGS and NGC.
Some of the finest examples have sold for significant amounts, with prices ranging from $8,912 to $28,800, depending on the coin’s condition and grade.
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Specifications of the 1850-D Liberty Head Quarter Eagle
- Country: United States of America
- Year of Issue: 1850
- Denomination: $2.50 USD
- Mintmark: D (Dahlonega)
- Mintage: 12,148
- Composition: 90% Gold, 10% Copper
- Weight: 4.18 g
- Diameter: 18.00 mm
- Edge: Reeded
- Designers: Christian Gobrecht (Obverse and Reverse)
Conclusion
The 1850-D Liberty Head Quarter Eagle is a fascinating coin that captures a piece of American history. Its rarity, historical significance, and condition make it a prized item for serious collectors.
Whether you’re a seasoned numismatist or just starting out, owning one of these coins would be a true highlight in any collection.