1856 Gold Quarter - BG-703A

Coin Details

Auction Record

$14,100 MS63 01-07-2015 Heritage Auctions

Description

This octagonal California gold quarter dollar, designated BG-703A in the Breen-Gillio catalog, dates to 1856 and measures approximately 10 to 11 millimeters in diameter. The second period of California fractional gold production saw these coins transition from pure monetary instruments to items valued equally by tourists, collectors, and jewelers who fashioned them into ornamental pieces. The obverse features a Liberty Head design — a portrait of Liberty wearing a coronet or wreath — which is the most prevalent motif across the California fractional gold series. The reverse displays the denomination within a wreath or decorative border. The octagonal format is one of the distinctive hallmarks of California fractional gold coinage, distinguishing these pieces from conventional round coins and adding visual interest that has long attracted collectors. By the time this piece was produced, California fractional gold coins had evolved from monetary necessities into collectible curiosities and decorative items. The jewelers who manufactured Period Two pieces often produced them in greater quantities than their earlier counterparts, marketing them to tourists visiting San Francisco and to the growing community of coin collectors on the East Coast. Despite this shift toward the souvenir trade, these pieces remain genuine gold coins with real bullion value, and they occupy a unique niche in American numismatic history.

Rarity Notes

Scarce to rare. Lettered suffix varieties in the Breen-Gillio catalog typically represent less common die states or minor die varieties, and often survive in smaller numbers than the primary catalog entry.

Cross References

BG-703A; Breen-Gillio catalog; PCGS #10960; NGC #501703; California Fractional Gold Quarter Dollar; Octagonal; Period Two (1859–1882)