1808 Capped Bust Quarter Eagle: If you’ve ever wondered how a small gold coin could command an eye-watering price of $3.4 million, the answer lies in the 1808 Capped Bust Quarter Eagle. This rare American gold coin is one of the most coveted pieces among collectors, historians, and investors alike.
But how do you recognize this treasure if you come across it? In this in-depth guide, we’ll break down everything you need to know about the 1808 Capped Bust Quarter Eagle, why it’s worth millions, how to identify it, and how to avoid costly mistakes.
1808 Capped Bust Quarter Eagle
| Feature | Details |
|---|---|
| Coin Name | 1808 Capped Bust Quarter Eagle |
| Mintage | Only 2,710 coins struck |
| Composition | 91.67% gold, 8.33% copper |
| Weight | Approximately 4.37 grams |
| Design Type | Capped Bust Left |
| Current Estimated Value | Up to $3.4 million based on condition and rarity |
| Key Identifying Marks | Die crack on Liberty’s cap, 13 stars, heraldic eagle on reverse |
| Grading Services | PCGS and NGC certifications recommended |
| Official Historical Reference | U.S. Mint History |
The 1808 Capped Bust Quarter Eagle is not just a gold coin—it’s a slice of American history, numismatic rarity, and artistry rolled into one. With only 2,710 ever minted and fewer than 15 surviving today, this coin remains one of the most valuable and intriguing collectibles, fetching prices up to $3.4 million.
By understanding the coin’s unique features, verifying authenticity, and avoiding common mistakes, both seasoned collectors and beginners can approach this iconic piece confidently and knowledgeably.
Why Is the 1808 Capped Bust Quarter Eagle So Valuable?
1. Ultra-Low Mintage
Only 2,710 coins were produced at the Philadelphia Mint in 1808. That’s an incredibly small number compared to millions of coins minted today.
2. One-Year-Only Design
The Capped Bust Left design was used for just one year and then discontinued, making it even rarer.
3. Historical Significance
Issued during President Thomas Jefferson’s era, it’s a piece of early American history.
4. High Gold Purity
Made of 91.67% gold, it holds intrinsic value beyond collectibility.
5. Record Auction Sales
Auction houses like Stack’s Bowers and Heritage Auctions have sold examples for as high as $2.35 million to $3.4 million.
How to Identify an Authentic 1808 Capped Bust Quarter Eagle
Obverse (Front) Features
- Liberty Facing Left wearing a Phrygian cap.
- “LIBERTY” inscription on the cap.
- 13 stars circling Liberty.
- Date “1808” below Liberty’s bust.
Reverse (Back) Features
- Heraldic Eagle with arrows and olive branch.
- Banner with “E PLURIBUS UNUM” above eagle.
- “UNITED STATES OF AMERICA” inscription.
- Denomination “2 1/2 D” at the bottom.
Unique Identifying Marks
| Feature | Description |
|---|---|
| Die Crack | Thin crack extending from Liberty’s cap to right stars |
| Weak Borders | Often faint rims and incomplete borders |
| Weight & Size | Should weigh 4.37 grams, 20mm diameter |
Practical Steps to Verify Authenticity
Step 1: Get Professional Grading
Submit the coin to PCGS or NGC for certification and condition grading.
Step 2: Conduct Basic Tests
- Weight Test: Should weigh approx. 4.37 grams.
- Non-Magnetic Test: Real gold is not magnetic.
- Visual Inspection: Look for the distinct die crack and weak borders.
Step 3: Consult an Expert Numismatist
Contact members of the American Numismatic Association (ANA) or Professional Numismatists Guild (PNG) for verification.
Expert Insights: What Do Professionals Say?
“The 1808 Quarter Eagle is not only rare but irreplaceable. Each specimen has unique wear patterns and die characteristics. If you suspect you have one, never attempt to clean or alter the coin—get it graded immediately,”
— David Hall, Founder, PCGS.
“It’s coins like the 1808 Quarter Eagle that illustrate the intersection of history, rarity, and numismatic artistry. It’s essential to rely on reputable grading and avoid casual buyers when dealing with such treasures,”
— Mark Salzberg, Chairman, NGC.
Real-Life Case Example
In 2021, a collector found an ungraded, worn gold coin at an estate sale for $500. After professional verification and grading, it turned out to be a genuine 1808 Capped Bust Quarter Eagle in VF condition (Very Fine). It was later auctioned for $980,000, proving how overlooked treasures can exist in unsuspecting places.
Common Mistakes to Avoid
| Mistake | Why It’s Costly |
|---|---|
| Cleaning the Coin | Reduces value significantly; destroys natural patina |
| Selling Without Grading | You risk underselling or dealing with scammers |
| Ignoring Weight & Visual Signs | Counterfeits may differ in weight and die details |
| Trusting Non-Reputable Buyers/Dealers | Avoid private sales without authentication & proper documentation |
Actionable Checklist: How to Secure & Verify Your 1808 Capped Bust Quarter Eagle
Inspect coin’s obverse and reverse design elements carefully
Check weight (approx. 4.37 grams) and non-magnetic property
Look for unique die crack and weak rim details
Submit coin to PCGS or NGC for professional grading
Consult a reputable numismatist for valuation and authentication
Store the coin in a certified, sealed holder to preserve value
Never clean or polish the coin—keep it in original condition
Consider auction houses like Stack’s Bowers for resale
Bicentennial Quarters Worth $5 Million Each – Check How to Spot These Rare Coins!
Top 5 Rare Dimes and Bicentennial Coins Worth $100 Million – Are They Hiding in Your Change?
3 Rare Dimes and a $170 Million Bicentennial Quarter – How to Identify These Valuable Coins?
FAQs About 1808 Capped Bust Quarter Eagle
1. How many 1808 Capped Bust Quarter Eagles exist today?
Fewer than 15 confirmed specimens are known to exist today.
2. Can I still find one in circulation or estate sales?
While incredibly rare, some have surfaced in estate sales, though highly unlikely to be found in regular circulation.
3. What’s the best way to sell an 1808 Quarter Eagle?
Always sell through certified auction houses or dealers affiliated with ANA or PNG.
4. What’s the difference between Mint State (MS) and circulated grades?
Mint State coins are uncirculated, showing no wear, and command the highest value—often crossing the $3 million mark.
