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1838 Seated, No Drapery

Twenty Cent Pieces & Quarter Dollars · Seated Liberty Quarters · 1838–1891
Semi-key
Weight6.68 g
Diameter24.3 mm
MintPhiladelphia
StrikeCirculation strike
Mintage 466,000 Combined mintage for all 1838 Seated Liberty varieties
EdgeReeded
Alignment↑↓ Coin
Composition90% Silver, 10% Copper
DesignerChristian Gobrecht
Collector's Key IDCK-2456

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About this coinHistory

The 1838 No Drapery is the first Seated Liberty Quarter ever struck, opening a series that would run through 1891. Philadelphia delivered 466,000 pieces, a modest first-year output that placed the new design alongside the closing Capped Bust quarter dies of the same year. Christian Gobrecht adapted the obverse from his 1836-1839 Gobrecht Dollar, engraving the seated figure himself from Thomas Sully's sketches. Robert Ball Hughes was not yet involved with the design; Mint Director Patterson would hire him in 1840 to add the drapery folds that mark the later subtype. Drapery folds at the elbow had not yet been added; this opening run carries the cleaner, sparer arm treatment that defines the No Drapery subtype for collectors who chase Seated quarter design phases as a type set.

Strike on the issue is typical of early Philadelphia work in the late 1830s: respectable in the centers, with periodic softness on the eagle's claws, the lower shield lines, and the stars closest to Liberty's head. The subtype diagnostic is the elbow. Examine Liberty's left elbow as the viewer sees it on the right side of the obverse; the No Drapery shows a smooth curve from the upper arm into the gown with no cloth folds dropping down, whereas the later Drapery hub adds visible fabric extending below the elbow. That diagnostic remains readable down into Very Good, which matters because the bulk of survivors fall in the Fine through Extremely Fine band. Mint State coins are condition-rare. Both PCGS, the Professional Coin Grading Service, and NGC, the Numismatic Guaranty Company, list sharply thinning populations above MS62, with gem MS65 examples scarce at either grading service. Counterfeit risk is real for higher-grade pieces; weight should fall near the 6.68 g standard set by the Mint Act of January 18, 1837, and certification through a major grading service is the practical baseline for any purchase above the Extremely Fine range.

The Semi-Key classification reflects what the 1838 actually does in the market. As the inaugural Seated quarter, it draws type-set buyers, date-set builders, and No Drapery subtype collectors all into the same supply pool, and circulated examples in problem-free Very Fine to Extremely Fine clear specialist inventories without much delay. Acquisition is steadier in the lower grades, episodic above About Uncirculated; original gray patina and a sharp date matter more than chasing a numeric grade. For the broader story of Gobrecht's design, the No Drapery to Drapery transition, and the series' production arc, see the Seated Liberty Quarter series history.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G) $48 $55
VG-8 Very Good (VG) $61 $70
F-12 Fine (F) $67 $77
VF-20 Very Fine (VF) $149 $172
EF-40 Extremely Fine (EF) $370 $425
AU-50 About Uncirculated (AU) $815 $940
MS-60 Uncirculated (MS) $1,355 $1,565
MS-63 Choice Uncirculated (MS) $4,210 $4,460
Frequently Asked QuestionsFAQ
How much is a 1838 Seated, No Drapery Seated Liberty Quarter worth?
In Good condition it runs about $48–$55, rising to roughly $1,355–$1,565 in Uncirculated. These are reference values, not an appraisal.
How many 1838 Seated, No Drapery Seated Liberty Quarters were minted?
466,000 were struck (Combined mintage for all 1838 Seated Liberty varieties).
What is a 1838 Seated, No Drapery Seated Liberty Quarter made of?
90% Silver, 10% Copper, weighing 6.68 g.
What is the melt value of a 1838 Seated, No Drapery Seated Liberty Quarter?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1838 Seated, No Drapery Seated Liberty Quarter a key date?
It's a semi-key date — scarcer than common issues but more available than the series' key dates.