The 1796 Turban Head Gold $2.50 Quarter Eagle is a fascinating piece of American coinage history. Known for its unique design and historical significance, this coin was minted during a time of great change in the United States. The 1796 version is particularly interesting because it features a distinctive design without stars on the obverse side. In this article, we’ll explore the background, design, rarity, and value of this remarkable coin.
Historical Background
The 1796 Turban Head Quarter Eagle was part of the early American coinage system established by the Coinage Act of 1792. This act laid the foundation for the United States Mint and the production of various denominations. The Quarter Eagle was one of the first gold coins minted in the U.S. Its creation marked a significant step in the nation’s effort to establish its own monetary system.
The design of the Turban Head was created by the engraver Robert Scot, who was appointed as the Chief Engraver of the United States Mint. The coin was produced in limited quantities, making it a rare find for collectors today.
Design Features
Obverse Design
The obverse of the 1796 Turban Head features a profile of Lady Liberty wearing a turban-style headpiece. This design is notable for the absence of stars around the head, a characteristic that distinguishes this version from other coins minted in later years. The inscription on this side reads “LIBERTY”, and the date of minting, “1796”, is prominently displayed.
Reverse Design
On the reverse side, the coin features an eagle with its wings spread, symbolizing strength and freedom. The eagle is shown holding arrows and an olive branch, representing war and peace, respectively. The inscription on this side reads “UNITED STATES OF AMERICA” and indicates the denomination of “2.50 D.”
Table of Coin Specifications
| Feature | Description |
|---|---|
| Year Minted | 1796 |
| Denomination | $2.50 (Quarter Eagle) |
| Metal Composition | 90% Gold, 10% Copper |
| Diameter | 18 mm |
| Weight | 4.18 grams |
| Mint Mark | No mint mark (Philadelphia Mint) |
| Design Engraver | Robert Scot |
| Obverse Designer | Lady Liberty with Turban |
| Reverse Design | Eagle with Arrows and Olive Branch |
Rarity and Value
The 1796 Turban Head Quarter Eagle is considered one of the most sought-after coins among collectors. Due to its limited mintage and unique design, it holds significant value in the numismatic market. As of now, the estimated value of a well-preserved coin can range from $15,000 to over $30,000, depending on its condition and rarity. Coins in mint state can fetch even higher prices at auctions.
Conclusion
In conclusion, the 1796 Turban Head Gold $2.50 Quarter Eagle is more than just a coin; it represents a pivotal moment in American history and the evolution of its currency. Its distinctive design, especially the absence of stars on the obverse, sets it apart from other coins of its time. Collectors treasure this coin not only for its beauty and craftsmanship but also for its historical significance. Whether you are a seasoned numismatist or just starting your collection, the 1796 Quarter Eagle is a must-have for any serious collector.
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FAQs
1. What is the significance of the 1796 Turban Head Quarter Eagle?
The 1796 Turban Head Quarter Eagle is significant because it represents one of the earliest gold coins minted in the United States, showcasing the nation’s commitment to establishing its own currency.
2. How can I tell if my 1796 Quarter Eagle is authentic?
To determine authenticity, you should consult a professional numismatist who can examine the coin for specific features, weight, and metal composition.
3. Why does the 1796 version have no stars on the obverse?
The lack of stars on the obverse is a distinguishing feature of the 1796 version. Later editions of the Quarter Eagle included stars as part of the design.
4. What condition affects the value of the coin?
The condition of the coin, graded by its wear, luster, and overall appearance, significantly impacts its value. Coins in better condition (e.g., mint state) are worth much more.
5. Where can I buy or sell a 1796 Quarter Eagle?
You can buy or sell a 1796 Quarter Eagle at coin shows, through reputable coin dealers, or via online auction sites specializing in rare coins.