1808 Capped Draped Bust $2.50 Quarter Eagle

John Reich came to America from Bavaria as an indentured servant in 1800.  He joined the US Mint as Assistant Engraver in 1807. He was immediately assigned to participate in the sweeping redesign US coinage.

Reich went to the drawing board first with coins most in demand from banks, the half dollars and $5.00 Half Eagles. In 1808 came the Large Cent and $2.50 Quarter Eagles. In all, he had a hand in the design of no fewer than seven coin types.

Reich’s quarter eagle featured Liberty facing left, wearing a contemporary cap of the time. Her bust is fashionably draped. Thus, numismatists call this the Capped Draped Bust Quarter Eagle.

However, his work on the quarter eagle was almost a wasted effort. During the years of the early Mint, gold and silver were coined according to the wishes of private bullion depositors, and most of them ordering gold coins ignored the quarter eagle, because it was too large for everyday commerce but too small for inter-bank transactions.

As a result, only 2,710 of the 1808 Capped Draped Bust Quarter Eagle were produced. Quarter Eagles were not coined again until 1821, and by then, a different style of gold coin, the Capped Head, was in use.

Consequently, the Capped Draped Bust Quarter Eagle design is available only in one date, the 1808. Collectors seeking to complete a type coin set must have the 1808, but supplies are very scarce. Expect the 1808 Capped Draped Bust Quarter Eagle to remain a popular coin forever in the hearts of coin collectors.





1808 Capped Draped Bust $2.50 Quarter Eagle

1808 $2.50 gold Quarter Eagle
Coin Photos courtesy of Heritage Auction Galleries






1808 Quarter Eagle Price Increase Chart

1808 Capped Draped Bust $2.50 Quarter Eagle (F-12 Condition)

The 1808 Capped Draped Bust Quarter Eagle as long been a favorite of coin collectors. The blue line charts the percent increase of the 1808 Quarter Eagle in F-12 condition since Year 2000. The coin uncharacteristically nosedived in 2009, more than the rare coin market in general, suggesting now might be a good time to obtain this great rarity at discount prices. The red line graphs the progress of our Rare Coin Values Index, which takes the composite percent change since Year 2000 of a pre-selected group of 87 rare US coins, the purpose of which is to understand the strength and direction of the overall rare US coin market. The 1808 Quarter Eagle is one of the 87 coins included in the Index. Everything is updated monthly.


 

Members of the Rare Coin Values Index
Date Coin Type Grade Est. Retail Value Mar 2017
1793 Liberty Cap Left Half Cent G-4 3750
1802 2/0 Rev 1802 Draped Bust Half Cent G-4 1000
1793 Chain AMERI. Flowing Hair Large Cent G-4 10000
1794 Starred Rev Liberty Cap Large Cent G-4 35000
1799 Draped Bust Large Cent G-4 4500
1856 Flying Eagle Cent G-4 6500
1877 Indian Head Cent G-4 600
1909-S VDB Lincoln Cent G-4 600
1914-D Lincoln Cent G-4 170
1922-D (No D) Lincoln Cent G-4 550
1864 Small Motto Two Cent F-12 400
1865 Three Cent Silver PF-65 1750
1884 Three Cent Nickel F-12 650
1795 Flowing Hair Half Dime G-4 1400
1797 Draped Bust, Small Eagle Half Dime G-4 1500
1800 Draped Bust, Large Eagle Half Dime G-4 1100
1865 Seated Liberty Half Dime G-4 300
1879 Shield Nickel VG-8 550
1885 Liberty Nickel VG-8 675
1913-S Type 2 Buffalo Nickel G-4 325
1918/7-D Buffalo Nickel G-4 1100
1937-D 3 Legs Buffalo Nickel G-4 550
1796 Draped Bust Dime G-4 2750
1822 Capped Bust Dime G-4 2000
1871-CC Seated Liberty Dime G-4 3250
1895-O Barber Dime G-4 375
1916-D Mercury Dime VG-8 1400
1942/1-D Mercury Dime VG-8 425
1875-CC Twenty Cent G-4 350
1796 Draped Bust, Small Eagle Quarter G-4 12500
1804 Draped Bust, Large Eagle Quarter G-4 4000
1823 Capped Bust Quarter G-4 40000
1870-CC Seated Liberty Quarter G-4 10000
1896-S Barber Quarter G-4 725
1901-S Barber Quarter G-4 4750
1916 Standing Liberty Quarter G-4 2900
1918/7-S Standing Liberty Quarter G-4 1150
1923-S Standing Liberty Quarter G-4 300
1932-D Washington Quarter F-12 130
1794 Flowing Hair Half Dollar G-4 6000
1796 16 Stars Draped Bust Small Eagle Half Dollar G-4 40000
1815/12 Capped Bust Half Dollar G-4 1750
1836 Reed Edge Capped Bust Half Dollar G-4 1000
1870-CC Seated Liberty Half Dollar G-4 900
1892-O Barber Half Dollar G-4 327
1921-D Walking Liberty Half Dollar VG-8 375
1938-D Walking Liberty Half Dollar VG-8 75
1953-S Franklin Half Dollar MS-65 FBL 20000
1794 Flowing Hair Silver Dollar G-4 65000
1796 Draped Bust Small Eagle Silver Dollar G-4 1750
1801 Draped Bust Large Eagle Silver Dollar G-4 1000
1836 Gobrecht Dollar, Name on Base, Circ. Issue XF-40 12500
1873-CC Seated Liberty Dollar G-4 7500
1879 Trade Dollar PF-65 8500
1889-CC Morgan Silver Dollar F-12 800
1893-S Morgan Silver Dollar F-12 4000
1895 Morgan Silver Dollar F-12 (PF Only) 35000
1928 Peace Dollar F-12 275
1849-C Cl. Wreath Type One Gold Dollar VF-20 1300
1855-D Type Two Gold Dollar VF-20 9900
1861-D Type Three Gold Dollar VF-20 18500
1796 No Stars Capped Bust $ 2.50 Quarter Eagle F-12 52500
1808 Capped Draped Bust $2.50 Quarter Eagle F-12 23500
1826 Capped Head $2.50 Quarter Eagle F-12 9500
1838-C Classic Head $2.50 Quarter Eagle F-12 2500
1848 CAL. Coronet $2.50 Quarter Eagle F-12 25000
1856-D Coronet $2.50 Quarter Eagle F-12 4750
1911-D Indian Head $2.50 Quarter Eagle XF-40 4500
1854-D Indian Head Three Dollar F-12 9500
1795 Capped Bust Small Eagle $5.00 Half Eagle F-12 20000
1800 Capped Bust Large Eagle $5.00 Half Eagle F-12 4250
1808 Capped Draped Bust $5.00 Half Eagle F-12 3500
1821 Capped Head $5.00 Half Eagle F-12 15000
1833 Large Date Capped Head $5.00 Half Eagle F-12 16000
1834 Cross 4 Classic Head $5.00 Half Eagle F-12 1300
1861-D Coronet $5.00 Half Eagle F-12 15000
1870-CC Coronet $5.00 Half Eagle F-12 13500
1909-O Indian Head $5.00 Half Eagle XF-40 7500
1795 9 Leaves Capped Bust Small Eagle $10 Eagle F-12 55750
1804 Capped Bust Large Eagle $10 Eagle F-12 20000
1841-O Coronet $10 Eagle F-12 2850
1879-CC Coronet $10 Eagle F-12 10250
1911-D Indian Head $10 Eagle XF-40 1500
1930-S Indian Head $10 Eagle XF-40 20750
1859-O Coronet $20 Double Eagle VF-20 5750
1907 Wire Rim St-Gaudens $20 Double Eagle XF-40 12000
1921 St-Gaudens $20 Double Eagle XF-40 45000


See the 87 Index Coins