The 1866 Seated Liberty Quarter is a coin that holds a unique place in American numismatic history due to several distinguishing characteristics.
One notable aspect of the 1866 Seated Liberty Quarter is that it marks the first year of issue for the design without motto on the reverse. Previously, the Seated Liberty coinage featured the motto "IN GOD WE TRUST" on a scroll above the eagle on the reverse.
Additionally, the 1866 Seated Liberty Quarter underwent a transition in its metallic composition. Prior to 1866, quarters were composed of 90% silver and 10% copper.
However, starting in 1866 and continuing until 1891, the United States Mint experimented with a new alloy known as the "standard silver" composition, consisting of 90% silver and 10% copper, but with a slightly different ratio of weights per coin.
Furthermore, the 1866 Seated Liberty Quarter underwent a redesign of the reverse, featuring a new heraldic eagle motif by Chief Mint Engraver James B. Longacre.
This eagle design, known as the "No Motto" reverse, portrays the national bird with a shield on its breast, symbolizing strength and unity.
Collectors often seek out the 1866 Seated Liberty Quarter for its historical significance as a transitional issue, as well as for its aesthetic appeal and rarity.
Its unique combination of being the first year without the motto, its modified metallic composition, and the redesigned reverse make it a fascinating specimen for numismatists and historians alike.
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