This numismatically significant issue is the very first quarter eagle produced at any of the branch mints and it is just one of two Classic Head quarter eagles from this mint. From an overall rarity standpoint it is far scarcer than the 1839-C. Only 7,880 were produced and of the few hundred known, many are in much lower grades. This lightly worn example is notable for its sharp overall detail and its warm, even olive-gold coloration. The obverse is clean and choice with just a small mark visible below star nine; the reverse has a few scattered marks including one adjacent to the upright part of the left wing. Even though Charlotte gold is not currently in strong demand, coins like the 1838-C quarter eagle and half eagle are extremely popular due to their first-year-of-issue status.