Dave Schaefer, a dedicated collector of Seated Liberty quarters, recently turned his keen eye into a remarkable find through an eBay listing. This discovery—a rare 1840-O Seated Liberty quarter dollar with Drapery and Large O variety—has stirred excitement in the numismatic community, as fewer than 50 examples of this variety are known to exist.
The coin, purchased for under $80 in April 2024, was listed without identifying its rarity. However, Schaefer recognized it as the Briggs-1A variety, detailed in The Comprehensive Encyclopedia of United States Liberty Seated Quarters. Now estimated to be worth several hundred to several thousand dollars, the coin’s discovery underscores the importance of sharp attention to detail in coin collecting. The find was highlighted in the June 2024 issue of the Liberty Seated Collectors Club’s newsletter.
Table of Contents
| Feature | Description |
|---|---|
| Coin Name | 1840-O Seated Liberty Quarter with Drapery and Large O |
| Variety | Briggs-1A |
| Mintmark | Large O (New Orleans Mint) |
| Design Feature | Drapery below Liberty’s elbow |
| Known Examples | Fewer than 50 |
| Estimated Value | From several hundred to several thousand dollars, depending on condition |
| Year of Issue | 1840 |
| Collector’s Guide | The Comprehensive Encyclopedia of United States Liberty Seated Quarters (used for identification) |
| Acquisition Price (Schaefer) | $80 (via eBay Buy It Now) |
| Date of Discovery | April 2024 |
| Notable Collecting Group | Liberty Seated Collectors Club |
Introduction: A Hidden Treasure on eBay
Coin collecting can feel like treasure hunting, especially when a seemingly ordinary find turns out to be extraordinarily rare. For Dave Schaefer, a Seated Liberty enthusiast, his recent acquisition of an 1840-O quarter dollar from eBay for under $80 turned into a collector’s dream. By recognizing subtle details overlooked by others, Schaefer uncovered a coin variety with immense historical and monetary value.
What Makes the 1840-O Seated Liberty Quarter Special?
The Seated Liberty quarter, first minted in 1838, is one of the most iconic designs in U.S. coinage history. The 1840-O quarter dollar is unique for its combination of Drapery and the Large O mintmark, a detail introduced at the New Orleans Mint. Variations like Briggs-1A, characterized by specific die markings, make this coin a prized possession for collectors.
Fewer than 50 examples of this variety are known to exist, making it a rare and significant piece of American numismatic history.
Dave Schaefer’s Remarkable Find
In April 2024, Schaefer purchased what appeared to be a typical 1840-O quarter on eBay using the “Buy It Now” option for less than $80. The listing did not highlight the coin’s unique features, but Schaefer’s expertise allowed him to identify it as the Briggs-1A variety.
This discovery highlights the importance of understanding key details and patterns in coins, as well as staying informed through resources like The Comprehensive Encyclopedia of United States Liberty Seated Quarters.
Understanding the Briggs-1A Variety
The Briggs-1A variety refers to a specific die combination used in the minting process. Characteristics of this variety include:
- Large O Mintmark: Distinctive and prominent, it sets the coin apart.
- Drapery: A design feature added below Liberty’s elbow in 1840, enhancing the coin’s artistic detail.
- Die Markings: Unique imperfections or patterns that serve as identifiers.
Such subtle attributes make the Briggs-1A variety a challenge to identify, but also a rewarding find for collectors who recognize them.
Value of Rare Seated Liberty Quarters
The value of an 1840-O Seated Liberty quarter depends on its preservation, rarity, and historical significance. Coins with minimal wear and no major damage can fetch several thousand dollars at auctions. Even less pristine examples hold significant value, often selling for several hundred dollars.
Tips for Identifying Rare Coins Online
Finding rare coins like Schaefer’s requires a mix of patience, research, and a trained eye. Here are some tips:
- Study Resources: Use guides like The Comprehensive Encyclopedia of United States Liberty Seated Quarters.
- Look for Overlooked Listings: Sellers may not recognize a coin’s rarity, presenting an opportunity for collectors.
- Examine Photos Closely: High-resolution images can reveal key details like mintmarks and die patterns.
- Join Collector Groups: Networking with other numismatists can provide insights and shared knowledge.
The Role of Numismatic Expertise
Expertise in numismatics—the study of coins—is essential for identifying rare varieties. Resources like collector newsletters, reference books, and online communities are invaluable tools for enthusiasts. Schaefer’s find demonstrates how knowledge and attention to detail can lead to significant discoveries, even in online marketplaces.
Why This Discovery Matters to Collectors
Discoveries like the 1840-O Seated Liberty quarter inspire collectors and highlight the historical significance of U.S. coinage. Each rare find adds to the collective understanding of minting practices, distribution, and preservation.
Schaefer’s success story serves as a reminder that rare treasures can still be found, even in the digital age.
Conclusion: The Joy of Rare Coin Collecting
Coin collecting is more than a hobby—it’s a journey into history, art, and discovery. Dave Schaefer’s identification of the 1840-O Seated Liberty quarter is a testament to the rewards of knowledge and curiosity. Whether you’re a seasoned numismatist or a beginner, the thrill of uncovering hidden treasures is a shared joy among collectors.
FAQs
1. What makes the 1840-O Seated Liberty quarter special?
The 1840-O Seated Liberty quarter is special because it features a unique combination of Drapery and a Large O mintmark. Fewer than 50 examples of this particular variety exist, making it a rare find among collectors.
2. How did Dave Schaefer find the rare 1840-O quarter?
Dave Schaefer discovered the 1840-O Seated Liberty quarter in an eBay listing in April 2024. Despite the coin’s rarity not being mentioned in the listing, Schaefer recognized it as a Briggs-1A variety, based on his knowledge of coin collecting and his reference guide, The Comprehensive Encyclopedia of United States Liberty Seated Quarters.
3. What is the Briggs-1A variety?
The Briggs-1A variety is a specific die combination used in the minting of the 1840-O Seated Liberty quarter. It includes a distinctive Large O mintmark and Drapery detail, which are key features that set this coin apart from other Seated Liberty quarters.
4. What is the value of the 1840-O Seated Liberty quarter?
The value of the 1840-O Seated Liberty quarter depends on its condition and preservation. Well-preserved examples can be worth several thousand dollars, while those with more wear might fetch a few hundred dollars. Schaefer’s find, for example, was acquired for under $80, but its value could be much higher now due to its rarity.
5. How can I identify rare coins like the 1840-O Seated Liberty quarter?
To identify rare coins, it’s important to study reference guides, pay attention to mintmarks, and look for key design features. For example, the 1840-O Seated Liberty quarter is known for its Large O mintmark and Drapery, making it stand out from other coins. Being part of a coin-collecting community and staying updated with numismatic resources is also helpful.