The 1796 Turban Head Gold $2.50 Quarter Eagle is one of the most fascinating and sought-after coins in American numismatics. With its unique design and historical significance, this quarter eagle stands out among other early U.S. coins, attracting collectors and historians alike. In this article, we’ll dive into the background, design features, rarity, and value of this coin, highlighting why it’s a prized treasure in the world of coin collecting.
1796 Quarter Eagle
The 1796 Turban Head Gold $2.50 Quarter Eagle was the first U.S. gold quarter eagle coin ever produced. It was minted during the early years of the U.S. Mint’s operation, with a limited run that makes it extremely rare today. What sets this coin apart from others is its “No Stars on Obverse” design, which distinguishes it from later issues. The decision to leave off stars on the obverse was unique to this year, adding to its allure for collectors.
Design of the 1796 Quarter Eagle
Obverse Design: Lady Liberty without Stars
The obverse side of the 1796 Turban Head Gold Quarter Eagle features a portrait of Lady Liberty wearing a cap, which is often referred to as a “turban,” although it’s actually a type of soft cap. This side lacks the stars that became common in later U.S. coins, making it visually distinct and instantly recognizable. This design choice was later changed, making the 1796 version unique in American coinage.
Reverse Design: Heraldic Eagle with Shield
The reverse side of the coin showcases an eagle with its wings spread wide, holding a shield and surrounded by an olive branch and arrows. This design represents strength and peace, symbolizing the young nation’s ideals. Above the eagle, the phrase “UNITED STATES OF AMERICA” is inscribed, and the denomination “2 1/2 D” is displayed, indicating its quarter eagle value.
Minting and Rarity
Only around 963 coins were minted in 1796, making this Quarter Eagle one of the rarest U.S. gold coins. Due to this low mintage, finding one in good condition is exceptionally difficult. Over time, many of these coins were lost, melted down, or worn out, further contributing to their rarity today. Collectors value the 1796 Quarter Eagle not only for its scarcity but also for its historical importance as one of the first gold coins issued by the U.S. government.
Value and Collectability
Due to its rarity and historical value, the 1796 Turban Head Gold $2.50 Quarter Eagle is highly valuable. Depending on its condition, a single coin can be worth hundreds of thousands of dollars, with pristine examples reaching even higher prices. The value can vary significantly based on factors such as wear, luster, and any unique characteristics the coin might possess. Collectors and investors are often willing to pay a premium for well-preserved coins, especially those certified by reputable grading organizations.
| Condition | Approximate Value |
|---|---|
| Poor | $50,000 – $75,000 |
| Good | $100,000 – $200,000 |
| Very Fine | $200,000 – $300,000 |
| Extremely Fine | $300,000 – $500,000 |
| Mint State (MS-63) | $500,000+ |
Historical Significance
The 1796 Quarter Eagle reflects the challenges and aspirations of the early United States. Created just a few years after the U.S. Mint was established, this coin showcases early American artistry and the commitment to creating a unique national currency. The “No Stars on Obverse” design also marks an experimental phase in U.S. coinage, as engravers and designers refined their techniques and settled on styles that would eventually characterize American coins for centuries.
Why Collectors Love the 1796 Quarter Eagle
Collectors prize the 1796 Quarter Eagle not only for its rarity but also for its story. This coin represents the beginnings of U.S. gold coin production and stands as a testament to the country’s developing financial system. Its unique design, limited mintage, and historical relevance make it a favorite among numismatists. Owning one of these coins is like holding a piece of American history—a tangible link to the nation’s formative years.
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FAQs
Why is the 1796 Quarter Eagle so rare?
With only 963 coins minted, the 1796 Quarter Eagle is extremely scarce. Many were lost or damaged over time, further adding to its rarity.
What does “No Stars on Obverse” mean?
Unlike later U.S. coins, the obverse of this coin doesn’t have any stars surrounding Lady Liberty. This feature was unique to the 1796 design.
How much is a 1796 Quarter Eagle worth?
The value varies based on condition but can range from $50,000 in poor condition to over $500,000 in mint state.
What is a “turban head”?
“Turban head” refers to the cap worn by Lady Liberty on the obverse side of the coin. Although not a turban in the traditional sense, the cap’s shape led to this nickname.
Why is the 1796 Quarter Eagle important to U.S. history?
This coin was one of the first gold coins minted in the U.S., reflecting the country’s early monetary system and design experimentation.