Mexico Coins
Quarter Eagle Gold Coin
The gold quarter eagle, value $2.50 face value, was approved by the Mint Act of April 2, 1792, though the first coins of this denomination did not appear till 1796. In a bit of an odd twist, nowhere on the coin is the face worth denoted.
The first gold quarter eagle was the Capped Bust to Proper type of 1796-1807. The obverse exhibits Liberty wearing a head turban fashionable with ladies of the late 18th century. For a very long time, the turban was incorrectly thought by many to be a liberty cap derived from historical Rome, as was the case with other United States coinage. Analysis later uncovered the 1825 writings of Mint Director Samuel Moore, who verified the true nature of Liberty’s head attire. For this reason, numismatists also call this the Turban Head type. An example is seen instantly below.
Less than 20,000 Turban Head Quarter Eagles have been minted. Tensions between the U.S. and Europe throughout the 1790s and early 1800s drove European gold prices higher. Bullion sellers exploited this case by acquiring American gold coinage in change for relatively low-cost Mexican silver and exporting it to abroad melting pots at a substantial profit. The chance of fast doom enormously curtailed production of all U.S. gold coins during the earliest years under the Constitution.
The Mint hired John Reich as Assistant Engraver in 1807. Reich was a extremely reputed German die sinker who arrived within the United States as an indentured servant in 1801. After six years of failing to safe everlasting employment on the Mint because of internal politics (apparently, no one wanted to offend the sensibilities of Chief Engraver Robert Scot), Reich started making plans to return to Germany. Via the intervention of President Thomas Jefferson, the assistant’s position was created for Reich to retain his talent.
Reich instantly set out to improve the appearance of United States coinage, together with a brand new gold quarter eagle, launched in 1808. Reich depicted Miss Liberty dealing with left, carrying a mobcap adorned with the phrase LIBERTY. The Capped Bust to Left, typically often called the Capped Draped sort, featured a somewhat realistic eagle extending its wings sitting atop an olive branch, whereas holding arrows suggesting force, if essential, to defend itself. Reich’s eagle reverse would remain a fixture on U.S. coinage for the next one hundred years.
The Capped Bust to Left Quarter Eagle was in production for the year 1808 only. A single set of 1808 dies had been made, and numismatists theorize it broke after only 2710 pieces were made. Thereafter, quarter eagle gold coinage was suspended as a result of continued risk posed by international bullion dealers.
Quarter eagle production resumed in 1821. Although gold coinage nonetheless had bother remaining in circulation due to its high intrinsic steel worth, a number of banks deposited gold bullion from Mexico and requested quarter eagles in return beneath the Mint’s “Free Coinage” policy. Reich resigned from the Mint in 1817 in disgust over his stagnated salary of $50/month, so the obligation of resurrecting the quarter eagle fell to Robert Scot.
Scot’s Capped Head to Left kind was nothing more than a slightly modified version of Reich’s 1808 design. At age 77 and with failing eyesight, Scot was probably not up to the task of originating a new design from scratch. Probably the most noticeable distinction was a 1.5 mm (.059 inches) decrease in diameter. The weight remained constant, so the 1821 quarter eagle edition was thicker than its predecessors. In 1829, the diameter was diminished by one other .3 mm. The Capped Head to Left was minted in small numbers practically every year until 1834, but by no means gained a foothold in American society because its gold content material was worth more than its face value, making it topic to exportation and melting.
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Mexican Gold Coins $50 Gold Bullion Pesos 1-877-962-1133