The 1848 Coronet Head Gold $2.50 Quarter Eagle is a significant coin in American numismatics, distinguished by several notable features:
Design: The Coronet Head design, created by Mint engraver Christian Gobrecht, adorns the obverse of the coin. It features Lady Liberty facing left, wearing a coronet inscribed with the word "LIBERTY."
Year of Issue: The year 1848 holds historical significance as it marks the beginning of the California Gold Rush. The discovery of gold at Sutter's Mill in California sparked a massive influx of prospectors and settlers to the region, leading to significant changes in the economic and social landscape of the United States.
Mint Mark: The absence of a mint mark indicates that the coin was minted at the Philadelphia Mint, as it was the only mint facility producing Quarter Eagles in 1848. The Philadelphia Mint played a crucial role in producing coinage for circulation during the 19th century.
The small date and small letters variety of the 1796 Draped Bust Silver Dollar is particularly prized by collectors due to its rarity and distinctive characteristics.
Collector Interest: The 1848 Coronet Head Gold $2.50 Quarter Eagle is highly sought after by collectors due to its historical significance and limited mintage.
Coins in well-preserved condition, particularly those with sharp details and attractive surfaces, command premiums in the numismatic market.
It represents a pivotal moment in the nation's numismatic history, as it sought to establish its own currency system and assert its economic independence.
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