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1824/1 Quarter Eagle

1824/1 Quarter Eagle - With its mintage of 2,600 the 1824/1 quarter eagle is fundamentally rare in all grades. All examples show an overdate. A leftover die from 1821 was used to make the coin by punching a 4 over the 1. On later strikings the overdate fades. These dies were reused as economy measures. Since there were no quarter eagles struck in 1822 or 1823, and only a few were needed for 1824, there was no need for new dies to be made. The reverse die remained in use until 1825 when it cracked. It is not known if the Mint melted dies itself or simply sold them for scrap. (Later, in the middle of the century, some unused dies that were rusted and sold as scrap were reused privately to make restrikes of several issues. These are easily identified as coming from discarded dies because they are extremely rusted and obviously from the scrap heap.)

Robert Scot designed the coin. It shows a capped head of Liberty facing left. She is encircled with thirteen six-pointed stars; the date is below the truncation. LIBERTY is inscribed on the headband of her Phrygian cap. Her hair falls beneath her cap in luxurious curls. The reverse is similar to the previous design with a heraldic eagle facing left. Its mouth is opened and its wings are outstretched. However, its feathers are more even and less ragged than on the previous type. A banner above its head bears the motto E PLUIBUS UNUM. In its claws it holds the arrows and olive branch, symbols of preparedness and peace. Below the eagle is the denomination written 2 ½ D. The whole is surrounded by the inscription UNITED STATES OF AMERICA interrupted by the wing tips. Dentils are at the periphery of both sides and the edge is reeded.

Only one die pair was used to make the 1824/1 quarter eagle. The left edge of the 1 is over the left edge of a dentil. The 8 is centered over a dentil. There are 98 dentils on the coin, which can be used to identify the variety if another is reported. The reverse is the same as the 1821 issue. It has large letters. The fraction is distant with the numerator and denominator away from the fraction bar. The D of the denomination is large.

In total only 40 to 60 pieces of 1824/1 Quarter Eagle are known in all conditions today. The coin has an R5 rarity rating. PCGS has certified 28, in all grades with 10 in Mint State, and NGC has certified 28, 10 in Mint State, and these numbers do not account for crossovers or resubmissions.

Weight: 4.37 grams
Composition: .9167 gold, .0833 silver and copper
Diameter: approximately 20 millimeters
Edge: reeded

Early Quarter Eagles


US Rare Coin Investments 2003 - 2015 U.S. Rare Coin Investments

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