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Lot 3817 |
1796 $10 AU55 NGC....
2008 September Long Beach, CA US Coin Signature Auction #1116
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Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.Status
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
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Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$80,500.00
(includes BP  ) Bid Source: Internet bidder |
| Auction Ended On: | Sep 19, 2008 |
| Item Activity: |
6 Internet/mail/phone bidders
2,281 page views |
Description:
Remarkable 1796 Eagle, AU55
1796 $10 AU55 NGC. Breen-6832, Taraszka-6, BD-1, R.4. The only known die pair for coinage of 1796. Mint delivery records indicate that 2,795 eagles were coined in 1795, followed by 6,934 in 1796, but that fails to explain why 1795 had five different die marriages, compared to just one die marriage for 1796. The obvious and simple explanation is that some of the 1795 varieties were actually coined in 1796. The total of 9,729 coins delivered in the two years yields an average of 1,621 coins per die marriage.We disagree with the mintages reported in the Guide Book and elsewhere for the Small Eagle tens. The Guide Book reports 5,583 eagles coined for 1795, 4,146 for 1796, and 3,615 for 1797, suggesting that those mintages are the actual total of coins bearing those dates. For those same dates, NGC and PCGS have combined to certify 370 dated 1795, 139 dated 1796, and 50 dated 1797. Based on a comparison of Mint delivery records and current population totals, we feel that the actual approximate mintages were: 8,875 coins dated 1795, struck from September 22, 1795 through June 21, 1796; 3,320 coins dated 1796, struck from December 22, 1796 until April 20, 1797; and 1,149 coins dated 1797, struck on May 2, 1797.
The 1796 eagles featured an unusual star layout, with eight stars to the left and eight to the right. In 1795, 15 stars were arranged 10 left and five right, in 1797 for the Small Eagle coins, the stars were arranged 12 left and four right, and in 1797 for the Heraldic Eagle coins, stars were arranged with 10 left and six right. All remaining eagles had 13 stars on the obverse.(Registry values: P6) (#8554)
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Service and Handling Description: Coins & Currency (view shipping information)
Sales Tax information | NGC Coin Grading Guarantee | Terms and Conditions
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1121, Lot 4096 | Sunday, January 11, 2009 | 55 | NGC | $63,250.00 |
| Auction 414, Lot 5539 | Monday, August 14, 2006 | 55 | PCGS | $86,250.00 |
| Auction 382, Lot 10373 | Saturday, July 30, 2005 | 55 | PCGS | $48,875.00 |
| Auction 360, Lot 8817 | Saturday, January 15, 2005 | 55 | PCGS | $74,750.00 |
| Auction 308, Lot 8725 | Saturday, January 11, 2003 | 55 | PCGS | $35,650.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
| Source | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Unconfirmed | Thursday, June 11, 2009 | 55 | PCGS | $60,375.00 |
| Unconfirmed | Tuesday, February 26, 2008 | 55 | NGC | $80,500.00 |
| Unconfirmed | Tuesday, November 13, 2007 | 55 | PCGS | $103,500.00 |
| Unconfirmed | Thursday, October 27, 2005 | 55 | PCGS | $66,700.00 |
| Unconfirmed | Monday, February 24, 2003 | 55 | NGC | $28,750.00 |
| PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies. | ||||
Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 53 | --- | $71,880 | $57,500 | $53,000 | $53,500 | $71,000 | $74,500 |
| 55 | $90,000 | $78,130 | $62,500 | $57,000 | $57,500 | $85,000 | $90,000 |
| 58 | $110,000 | $100,630 | $80,500 | $73,500 | $73,500 | $102,500 | $110,000 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 4,146 | Robert Scot | ||||
| NGC | 55 | 9 | 44 | 67 | - | ||
| CAC | 55 | 2 | 2 | 6 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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