1838-C $2.50 (1838-C Quarter Eagle) PCGS XF45. This low mintage, Southern branch mint, Classic Head 1838-C Quarter Eagle has some mint luster remaining within its devices. The strike is above average for the date and branch mint, with no depression often seen on Libertys cheek and fairly strong reverse rims. There are remnants of a double obverse rim and a clearly double punched mintmark. Evidently the first C was punched too low, touching the 8 and had to be corrected. Sufficient separation in the lines of Libertys hair confirms the grade. The surfaces are clean, original, and, for the grade, free of distractions.

In the 1790s gold was accidentally discovered in North Carolina. The first United States Gold Rush took place in the early 1800s in North Carolina and Georgia. In the area around Charlotte, North Carolina almost 100 gold mines were in operation. Second only to farming, prospecting for gold became the main source of employment in North Carolina. The most gold produced in the United States came from North Carolina until 1848, when it was discovered in California.

The gold that was produced at Charlotte had to be refined and standardized so it would have commercial value. Private mints like the Bechtlers and Templeton Reids opened to assay the new gold and convert it to coinage. In order to standardize this coinage and because transportation to Philadelphia was so poor as a result of bandits, unfriendly Indians, and poor roads, a branch mint in Charlotte was opened in 1836.

Two years later the first half eagle was struck at Charlotte. Quarter eagles were minted later in 1838 and gold dollars in 1849. However, no coins were made in 1845 because there was a fire, and the entire structure burned to the ground. Its last coinage was in 1861, twenty-four years after it opened. During the Civil War, the Charlotte Mint continued coining gold; however, in October of 1861 the building was converted to a Confederate army hospital and headquarters. During Reconstruction, the building was used for offices by federal troops. In 1867 the mint became an assay office, which remained in operation until 1913. During World War I it was used by the Charlottes Womans Club and as a Red Cross station. In 1936 the site was relocated south of downtown and became the Mint Museum of Art, which was the first art museum in North Carolina.

All Charlotte Mint coins have the C mintmark on the reverse except for the first two years quarter and half eagles, which had them on the obverse between the truncation and the date.