From the NGC Archives: 1861 Seated Liberty Quarter

Posted on 11/8/2011

Christian Gobrecht was not yet the US Mint's chief engraver when he created this coin type in 1838. He would ascend to that position just two years later, following the death of his predecessor, William Kneass.

1861 proved to be the last year for more than a decade that silver coins circulated freely in most of the nation; the introduction of paper money soon drove the public to hoard them. This example from the Philadelphia Mint exhibits both Type 2 obverse and reverse. These are characterized by a double hair ribbon on the Liberty figure and a raised eyeball on the eagle. Though a common date in lesser grades, gems of the 1861 quarter dollar are scarce. A full strike, bright luster and clean surfaces are accompanied by delightful toning of predominately green and gold.

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