The 1798 Turban Head Gold $2.50 Quarter Eagle is a rare and valuable coin in American numismatic history. This gold coin, minted during the early years of the United States, represents the growing nation’s efforts to establish its own currency. The quarter eagle, valued at $2.50, features a unique design, a glimpse into early American coinage, and is highly sought after by collectors today.
In this article, we’ll dive into the fascinating details of the 1798 Turban Head Gold Quarter Eagle, including its history, design, and value. We’ll also explore why this coin remains a treasured item for collectors, and answer some common questions about it.
History of the 1798 Turban Head Gold Quarter Eagle
The 1798 Turban Head Gold $2.50 Quarter Eagle was minted by the United States Mint, which was established in 1792. This coin was part of the second series of gold coins produced by the U.S. Mint. The first series of coins, known as the Early Gold Series, included designs like the Capped Bust and Liberty Head coins.
The Turban Head design was created by John Reich, who was the chief engraver at the U.S. Mint at the time. The coin was struck in 1798 and circulated for only a short period due to the relatively low demand for $2.50 coins.
The Design of the 1798 Turban Head Gold Quarter Eagle
The 1798 Turban Head Gold $2.50 Quarter Eagle has an intricate design, typical of early American coinage. The obverse (front) side of the coin features Lady Liberty with a turban-like headgear. This distinctive design was influenced by classical Greek and Roman imagery, which was popular during the period. Liberty is portrayed facing left, with the word “LIBERTY” inscribed above her head, and the date “1798” appears below her bust.
On the reverse (back) side, the coin showcases an eagle perched on a branch with a shield on its chest. The words “UNITED STATES OF AMERICA” are inscribed around the eagle, and the coin’s denomination of “2 ½ D” (for $2.50) is also shown.
Key Features of the Coin:
- Obverse: Lady Liberty with a turban headgear, “LIBERTY” above, and “1798” below.
- Reverse: An eagle perched on a branch, with “UNITED STATES OF AMERICA” around it and “$2.50” denomination.
- Composition: 91.67% gold, 8.33% copper (about 4.18 grams of gold).
- Diameter: 22 mm.
- Weight: 4.18 grams (0.1347 oz of pure gold).
Why Is the 1798 Turban Head Gold $2.50 Quarter Eagle Valuable?
The 1798 Turban Head Gold $2.50 Quarter Eagle is rare because very few coins were minted, and fewer still survived in good condition. Since its production was limited, finding one in excellent shape can be difficult. The coin’s historical significance, its unique design, and its scarcity make it a highly prized collector’s item.
The value of this coin has increased significantly over the years, and it is often sold for prices well above its face value of $2.50. Depending on its condition, the coin can be worth tens of thousands of dollars. Coins in better grades (such as those with minimal wear) are worth far more than those with significant wear or damage.
Rarity and Demand
The demand for the 1798 Turban Head Gold Quarter Eagle is driven by a combination of factors:
- Historical Significance: The coin represents an important time in U.S. history when the country was solidifying its financial systems.
- Low Mintages: Only a small number of these coins were made, and even fewer have survived in good condition.
- Collector Interest: As a piece of U.S. history, this coin holds value for both numismatists and investors in precious metals.
How to Identify a 1798 Turban Head Gold $2.50 Quarter Eagle
Identifying a genuine 1798 Turban Head Gold $2.50 Quarter Eagle can be challenging for collectors. Look for the following key features:
- Design Details: Pay attention to the design, especially Liberty’s turban headgear, which is the distinguishing feature of this coin.
- Edge: The coin should have a reeded edge (lines running along the perimeter).
- Weight and Diameter: Ensure the coin matches the standard dimensions of 4.18 grams in weight and 22 mm in diameter.
Many forgeries of this coin exist, so it’s essential to buy from reputable dealers and have the coin authenticated by professionals if you are uncertain.
Market for the 1798 Turban Head Gold $2.50 Quarter Eagle
Collectors and investors both seek this rare coin. Whether for personal collection or as an investment, the 1798 Turban Head Gold Quarter Eagle is highly valued. Auctions and numismatic dealers often feature these coins, and they can fetch a significant price depending on their condition and demand at the time.
Table: Value of the 1798 Turban Head Gold $2.50 Quarter Eagle by Condition
| Condition | Approximate Value |
|---|---|
| Good | $4,000 – $6,000 |
| Very Fine | $7,000 – $10,000 |
| Extremely Fine | $15,000 – $20,000 |
| Uncirculated | $25,000 and above |
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FAQs
How much is the 1798 Turban Head Gold $2.50 Quarter Eagle worth today?
The value of a 1798 Turban Head Gold $2.50 Quarter Eagle depends on its condition. In good condition, it can be worth around $4,000, but it can fetch up to $25,000 or more in uncirculated condition.
Why is the 1798 Turban Head design so special?
The 1798 Turban Head design is unique because of its depiction of Liberty wearing a turban-like headgear, which was a distinct and uncommon feature in American coinage.
How can I tell if my coin is genuine?
Ensure that the coin has the correct weight, diameter, and design details. Consider having it authenticated by a professional to confirm its authenticity.
Where can I buy a 1798 Turban Head Gold $2.50 Quarter Eagle?
You can find these coins at reputable coin dealers, auctions, or online platforms that specialize in numismatics.
Is the 1798 Turban Head Gold Quarter Eagle a good investment?
Due to its rarity and historical significance, this coin can be a valuable addition to a collection and a strong investment for those interested in numismatics and gold.