The 1849-O Seated Liberty Quarter is a fascinating piece of American numismatic history, valued for its craftsmanship, historical significance, and rarity. Struck at the New Orleans Mint, this quarter represents a time when coinage was transitioning into modern standards while retaining a connection to America’s formative years. For collectors, the 1849-O Seated Liberty Quarter is a true gem with significant appeal.
The Seated Liberty Design
The Seated Liberty design, introduced in 1838, is one of the most enduring and elegant in U.S. coinage. Designed by Christian Gobrecht, the coin’s obverse depicts Lady Liberty seated on a rock, holding a shield in one hand and a liberty pole topped with a Phrygian cap in the other. This imagery symbolizes strength, vigilance, and the nation’s commitment to freedom.
The Historical Context of the 1849-O Quarter
The year 1849 marked a period of expansion and change in the United States. The California Gold Rush was in full swing, driving demand for coinage and reshaping the economy. The New Orleans Mint played a crucial role in producing coins to meet these demands, especially for Southern and Western states.
Mintage and Rarity
The 1849-O Seated Liberty Quarter had a mintage of 300,000 coins, a relatively low number compared to other coins of the era. This limited production was due to the smaller capacity of the New Orleans Mint and the challenges of transporting silver and gold to the mint for coinage.
Factors Affecting the Value
The value of the 1849-O Seated Liberty Quarter depends on several factors:
1. Condition and Grade
Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). Most surviving 1849-O Quarters are found in lower grades due to extensive circulation. However, higher-grade examples, especially those in Extremely Fine (EF) or better, command premium prices.
2. Rarity
The combination of low mintage and heavy circulation makes this coin rare, especially in higher grades. As a result, it is a prized coin for collectors specializing in Seated Liberty designs or New Orleans Mint issues.
3. Market Demand
Seated Liberty Quarters are popular among collectors due to their historical importance and artistic design. This consistent demand ensures strong market value for coins like the 1849-O.
Current Market Value
Here’s an approximate value range for the 1849-O Seated Liberty Quarter based on condition:
- Good (G-4): $50–$100
- Fine (F-12): $200–$400
- Very Fine (VF-20): $500–$900
- Extremely Fine (EF-40): $1,500–$2,500
- Mint State (MS-60 or higher): $5,000 and up
Exceptionally well-preserved or rare varieties may fetch even higher prices at auctions.
Tips for Collecting the 1849-O Seated Liberty Quarter
1. Verify Authenticity
Given its value, the 1849-O Quarter is a target for counterfeiting. Always purchase from reputable dealers or seek certification from grading services like PCGS or NGC.
2. Inspect the Mintmark
The “O” mintmark is located below the eagle on the reverse. Ensure it is clear and correctly positioned to verify the coin’s authenticity and origin.
3. Examine the Condition
Look for key details like Liberty’s facial features, the shield’s lines, and the eagle’s feathers. These areas are often the first to show wear and can help determine the coin’s grade.
4. Store Properly
Protect your coin from environmental damage by storing it in a certified holder or airtight case. Proper storage can preserve its condition and value over time.
Conclusion
The 1849-O Seated Liberty Quarter is a must-have for serious collectors of early U.S. coinage. Its limited mintage, beautiful design, and historical context make it a standout in numismatic collections. Whether you’re a seasoned collector or just starting, owning this quarter is like holding a piece of America’s past in your hand.
FAQs
Q1: What makes the 1849-O Seated Liberty Quarter special?
A: Its low mintage, connection to the New Orleans Mint, and historical context make it highly collectible and valuable.
Q2: How much is the 1849-O Seated Liberty Quarter worth?
A: Values range from $50 for heavily worn coins to over $5,000 for mint state examples.
Q3: How can I verify the authenticity of an 1849-O Seated Liberty Quarter?
A: Look for the “O” mintmark on the reverse and consider professional grading services for authentication.