1848 Liberty Head Quarter Eagle. CAL. MS-61 (PCGS).

Historic 1848 CAL. Quarter Eagle Our Nation's First Commemorative Coin 1848 Liberty Head Quarter Eagle. CAL. MS-61 (PCGS). A sparkling, vivid and handsome Mint State example, an attractive coin with subtly reflective fields supporting frosty motifs. Warm orange-gold in color with distinctive pinkish-rose highlights. Nicely struck in virtually all areas, though there is some weakness within the eagle's right leg plumage on the reverse, a sticking point with most quarter eagles of the era and hardly detracting given the overall quality of this piece. In 1848 some 230 or so ounces of gold bullion from the recently discovered California gold fields was sent to Secretary of War William L. Marcy by Colonel R.B. Mason, acting military governor of California. Marcy turned the bullion over to the Mint, where it was used to strike 1,389 quarter eagles. In order to denote the origin of the gold used for this special limited mintage, the letters CAL. were punched into the upper reverse field above the eagle's head on all specimens struck. This distinguishing feature marks the 1848 CAL. quarter eagle as our nation's first commemorative issue, produced 44 years prior to the 1892 Columbian Exposition half dollar. Given the popularity of the California Gold Rush era with numismatists and other collectors, the 1848 CAL. has long enjoyed strong demand. Indeed, the acquisition of an 1848 CAL. quarter eagle is a defining moment in the formation of any collection. Survivors are scarce, and appearances on the open market are rare, so much so that even the offering of a lower grade example represents an important opportunity. In PCGS MS-61, the offered coin is one of the finer certified and one of the nicest to appear in our sales in the last decade. Representing a fleeting opportunity for advanced specialists in Liberty Head quarter eagles and the numismatics of the California Gold Rush era, the present coin is sure to see spirited bidding at auction and fetch a strong price. Ranked #70 in the fifth edition (2019) of the influential reference 100 Greatest U.S. Coins by Jeff Garrett and Ron Guth. Provenance: Property from an Alabama Family. PCGS Population: 2; 28 finer (MS-68 finest). PCGS# 7749. NGC ID: 25HA. Click here for certification details from PCGS.

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