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Lot
3819

1797 $10 Large Eagle AU58 NGC....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: $46,000.00 (includes BP )
Bid Source: HA.com/Live bidder
Auction Ended On: Sep 19, 2008
Item Activity: 8 Internet/mail/phone bidders
2,040 page views
Description:
Exuberant 1797 Large Eagle
Ten Dollar, BD-2, AU58
1797 $10 Large Eagle AU58 NGC. Breen-6834, Taraszka-8, BD-2, High R.4. The year 1797 was one of transitions, both at the U.S. Mint and in the United States as a whole. George Washington finished his second term, refused to serve a third, and retired to his beloved Mount Vernon. John Adams took up the mantle as our nation's second president. At the Mint, after producing every authorized coinage denomination the year before from the half cent through ten dollar gold, in 1797 the facility came close to doing it again, omitting only quarters entirely from the lineup (and making some other types in minuscule quantities).
But the focus was on redesign. Tennessee joined the Union on June 1, 1796, and some coinage dies had a 16th star added in commemoration. Mint officials realized, however, that they could not continue adding stars for each new state, and the process of reversion to 13 stars began. Some denominations, such as the Draped Bust, Small Eagle half dime, show 15 stars, 16 stars, and 13 stars on different varieties. In gold and silver coinage, Mint Director Elias Boudinot was overseeing the replacement of the original Small Eagle reverse designs by the Large Eagle (or Heraldic Eagle) reverse, as on the present coin. The 1797 Large Eagle ten dollar, while far from a common early gold type, was produced to the extent of an estimated 10,940 coins, or about three times the 3,615 pieces given for the 1797 Small Eagle ten.
On this variety the obverse stars are arranged 10 x 6 on the left and right, respectively. There is a star on the reverse under the eagle's beak, and the eagle's neck ends in a rather abrupt truncation that is not triangular. Stars 3, 9, 10, and 11 on the reverse are nearly in a straight line. On the obverse star 11 nearly touches the Y in LIBERTY. This same obverse die is paired with all three reverse dies known for the 1797 Large Eagle. Two small cracks pass from the rim below the last 7 through that digit and to the lower bust.
This piece offers exuberant luster radiating from the greenish-gold surfaces, which show little actual wear. There are no distracting abrasions, just some extremely light field chatter. Adjustment marks are mostly struck out, although with a loupe the diligent searcher can discern some well-hidden in the lower hair tresses. The reverse die is rotated about 20 degrees clockwise with respect to the obverse. In the present near-Mint State grade, this example should prove to be a superior acquisition for some astute bidder, as an excellent alternative to a lower-Mint State example.(Registry values: P3) (#8559)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1158, Lot 7592 Sunday, August 14, 2011 58 NGC $32,200.00
Auction 1151, Lot 5177 Sunday, January 9, 2011 58 NGC $40,250.00
Auction 197, Lot 6356 Friday, February 12, 1999 58 PCGS $14,375.00
View prices realized from this item in other grades (you must be signed in)
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.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Thursday, August 18, 2011 58 NGC $31,625.00
Unconfirmed Wednesday, August 5, 2009 58 NGC $28,750.00
Unconfirmed Monday, March 23, 2009 58 NGC $34,500.00
Unconfirmed Sunday, January 4, 2009 58 NGC $33,350.00
Unconfirmed Wednesday, June 25, 2008 58 NGC $43,125.00
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+
55 $42,500 $31,250 $25,000 $22,250 $22,500 $37,500 $38,500
58 $48,500 $40,630 $32,500 $29,500 $29,500 $42,000 $45,000
60 $62,500 $50,050 $38,500 $35,500 $35,500 $55,000 ---
*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 10,940 Robert Scot
NGC 58 59 57 173 -
CAC 58 1 2 9 -
*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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