The 1838-C Quarter Eagle was the first branch mint issue for the denomination and represents the lowest mintage issue for the series. Only 7,880 coins were produced at the newly opened Charlotte Mint, and only an estimated 150 examples survive in all grades.
All coins for this issue were produced from a single pair of dies, which features a double impressed “C” mint mark, located on the obverse. Most of the examples will be encountered in circulated grades and may come with various problems such as cleaning or damage. Fully original examples with a nice strike and in high grade can be difficult to find.
Mint state examples of this issue are extremely rare, with fewer than ten pieces known to exist. The finest known are graded MS64. The record price at auction for this issue was set in 1999 when an example graded MS63 sold for $40,250. In 2000, an example graded PCGS MS64 realized a lower price of $34,500 at auction.