1840 Seated Liberty Quarter, With Drapery
Circulation strike struck at the Philadelphia Mint · 188,127 made
- Mintage
- 188,127
- Metal
- 90% silver, 10% copper
- Weight
- 6.68 g
- Diameter
- 24.3 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is an 1840 Seated Liberty Quarter, With Drapery worth?
Few coins in the series are harder to find. Even a worn 1840 sells well above face value. The flip side is that counterfeits and altered dates are common, so authentication matters.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1840 Seated Liberty Quarter, With Drapery rare?
- Yes. Only 188,127 were made, 55th lowest of the 108 regular issues in the series.
- Is the 1840 Seated Liberty Quarter, With Drapery silver?
- Yes. It's 90% silver, 10% copper and holds 0.1933 troy ounces of pure silver.
- Where is the mint mark on an 1840 Seated Liberty Quarter?
- On the reverse, below the eagle. Philadelphia quarters have no mint mark.
- Which Philadelphia dates near 1840 are scarcer?
- The 1842 at 88,000, the 1841 at 120,000. So the 1840 is on the scarcer side for those years.
- How many 1840 Seated Liberty Quarter, With Drapery coins were made?
- 188,127.
What to check on your 1840
- There's no mint mark on this one, so the date and condition are what matter.
- Check the date and mint mark under magnification for tooling or added letters. Scarce dates are the ones forgers alter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Proof or circulation strike? A proof has mirror-like fields and frosted design details and was sold to collectors, not released in change. The 1840 Seated Liberty Quarter Proof, With Drapery (5 made) is the one to compare with.
- Old coins pick up damage over a long life. Look for holes, bends, scratches or signs of cleaning before you judge the grade, because a damaged coin sells for a fraction of a problem-free one.
- Judge the grade under good light. The word LIBERTY on Liberty's shield is the classic test: fully visible in Fine, partly worn in Very Good, gone in Good.
Never clean it. Collectors pay strong premiums for original surfaces and natural toning on a date like this. A cleaned coin can lose half its value or more. Low-mintage dates attract altered and counterfeit coins. Check that the date have not been tooled or added, or buy one already certified by PCGS or NGC.
The story of the 1840
Philadelphia made 188,127 in 1840, down from 491,146 in 1839. The next year it made 120,000 (1841).
1840-O came to 43,000 and 1840-O came to 382,200, so neither mint's 1840 coin is much scarcer than the other. In the whole series, its mintage sits closest to the 1850 (190,800) and the 1863 (191,600).
Philadelphia struck the Seated Liberty Quarter in 56 issues between 1838 and 1891. By mintage this one lands in the scarcer half, while the key for that mint is the 1886 (5,000). Within the 1840s it's 5th smallest of 18, between the 1848 (146,000) and the 1849 (340,000).
Seated quarters before the 1853 weight cut (1838 to 1852)
Christian Gobrecht's Seated Liberty quarter replaced the Capped Bust late in 1838. The first coins have no drapery at Liberty's elbow. Extra folds of cloth were added in 1840, the same year the New Orleans Mint struck its first quarters in both styles. New Orleans then made quarters in most years of the 1840s, with the mint mark below the eagle.
After the California gold discoveries, silver rose in value against gold. Quarters became worth more as bullion than as money, so many were melted or shipped abroad. Philadelphia struck only 160,000 in 1851 and New Orleans just 88,000. The 1849-O, 1851-O and 1852-O are the scarce dates of these years. The 1842 small date exists only as a Philadelphia proof, while New Orleans struck both small and large dates that year.
Elsewhere in US coinage in 1840
Drapery was added below Liberty's elbow on the Seated Liberty dime, quarter and half dollar. The Seated Liberty dollar went into regular production.
How to recognize it
Liberty sits on a rock holding a shield inscribed LIBERTY and a pole topped with a liberty cap, with 13 stars around her and the date below. The reverse shows an eagle with QUAR. DOL. below. Arrows beside the date (1853 to 1855 and 1873 to 1874) and rays around the eagle (1853) mark weight changes. The motto IN GOD WE TRUST appears above the eagle from 1866.
Mintage chart
Specifications
| Series | Seated Liberty Quarter (1838–1891) |
|---|---|
| Year | 1840 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 188,127 |
| Face value | 25¢ |
| Composition | 90% silver, 10% copper |
| Weight | 6.68 grams |
| Diameter | 24.3 mm |
| Edge | Reeded |
| Silver content | 0.1933 troy oz (6.012 g) |
| Designer | Christian Gobrecht |
Other 1840 Seated Liberty Quarter issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1840 Seated Liberty Quarter, With Drapery | 188,127 | Circulation strike | 0.1933 oz |
| 1840 Seated Liberty Quarter Proof, With Drapery | 5 | Proof | 0.1933 oz |
| 1840-O Seated Liberty Quarter, No Drapery | 382,200 | Circulation strike | 0.1933 oz |
| 1840-O Seated Liberty Quarter, With Drapery | 43,000 | Circulation strike | 0.1933 oz |
Mintage: United States quarter mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.