BTN News: A rare piece of American numismatic history has captured the attention of coin collectors worldwide. The 1821 ‘Capped Bust Quarter,’ a coin known for its unique design and extreme scarcity, recently fetched a record price of $252,000 at a 2023 auction. Designed by John Reich and minted in Philadelphia, this quarter-dollar stands out not only for its silver-copper composition but also because only a handful of these coins are known to exist today. With one of these coins residing in the prestigious Smithsonian National Numismatic Collection, the allure and value of this treasure have only continued to grow.
Why is the 1821 ‘Capped Bust Quarter’ So Valuable?
What makes the 1821 ‘Capped Bust Quarter’ so sought after by collectors? The answer lies in its rarity and historical significance. With only 15 of these coins originally minted, the scarcity factor is high. Today, just four or five examples are believed to remain in existence, making it a prized possession for anyone lucky enough to acquire one. The coin’s composition—89.2% silver and 10.8% copper—adds to its value, reflecting the standards of early 19th-century U.S. currency.
A Design Rooted in History and Symbolism
The design of the ‘Capped Bust Quarter’ is another reason for its esteemed status. Created by John Reich, the coin features a striking portrait of Liberty on the obverse side, adorned with a headband and framed by 13 stars representing the original American colonies. The reverse side displays a powerful heraldic eagle, wings spread wide, clutching arrows and an olive branch—symbols of war and peace—alongside the motto “E PLURIBUS UNUM.”
Record-Breaking Sales and High Demand
Recent sales underscore the high demand for this rare coin. In 2023, one of these ‘Capped Bust Quarters’ shattered records, selling for $252,000 at a high-profile auction. This followed a previous sale of another coin from the same series, the ‘D. Brent Pogue PCGS PR67,’ which fetched $235,000 in 2015. These impressive figures highlight the coin’s enduring appeal and the fierce competition among collectors to own a piece of early American history.
A Treasure Housed in the Smithsonian
The rarity of the 1821 ‘Capped Bust Quarter’ is further validated by its inclusion in the Smithsonian National Numismatic Collection. The Smithsonian’s collection is one of the most comprehensive and respected numismatic repositories in the world, adding a layer of prestige and historical importance to this already coveted coin.
The Fascination with Rare Coins Continues
The world of rare coins remains a field of fascination and investment, attracting both seasoned collectors and new enthusiasts alike. Coins like the 1821 ‘Capped Bust Quarter’ represent more than just a monetary value; they are tangible pieces of history that tell the story of America’s early years. As these coins continue to make headlines and break auction records, their cultural and historical significance becomes ever more pronounced.
Looking Ahead: The Future of Rare Coin Collecting
As interest in rare and valuable coins continues to surge, experts predict that pieces like the 1821 ‘Capped Bust Quarter’ will only become more coveted. With only a few examples known to exist, collectors are eager to get their hands on this piece of numismatic history, driving up prices and setting new records. The allure of such rare treasures shows no sign of waning, as each auction brings new opportunities to own a part of America’s past.
