Quarter Eagle: The 1840-C
Quarter Eagle has the second lowest mintage of all four
issues of 1840. With a total mintage of 12,822 it might
come as a surprise to some that this issue is less difficult
to find than, for example, the 1840 Philadelphia issue,
which had a 50% higher mintage.
Furthermore, overall quality and eye-appeal
of this early Charlotte issue is high, and it might have
been possible that extra caution was taken in producing
these pieces. Given the fact that this is the first year
of issue of this design the relatively high survival rate
(including a handful of uncirculated pieces) this is very
well possible although somewhat unexpected for an early
branch mint issue.
Despite the survival of a number of uncirculated
specimens most 1840-C Quarter Eagles that now come to the
market are found in well-circulated condition. Many of these
have been cleaned over the years or otherwise have been
impaired. Additionally, as many workers of the Mint were
relatively inexperienced, some of the planchets show roughness
on both sides.
On average, however, many pieces show good
eye-appeal, and better striking characteristics than the
issues that came in later years. A cautious buyer of an
quarter eagle, with some patience, should be able to
find a piece with excellent eye-appeal and lasting value
in the marketplace.