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Lot
3820

1798/7 $10 9x4 Stars XF40 PCGS....

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

 
Sold for: $63,250.00 (includes BP )
Bid Source: HA.com/Live bidder
Auction Ended On: Sep 19, 2008
Item Activity: 8 Internet/mail/phone bidders
2,582 page views
Description:
Visually Pleasing XF 1798/7 Eagle, BD-1
1798/7 $10 9x4 Stars XF40 PCGS. BD-1, High R.4. BD Die State c/b. The only early gold issue, regardless of denomination, bearing the 9+4 star arrangement. The odd layout of the obverse devices, together with the bold overdate, is a testimonial to the fact that our infant first Mint was more concerned with quantity than quality. Someone at the Mint must have been displeased with the layout of BD-1 as BD-2--and all subsequent eagles--have a more balanced design. Collectors today, however, are thankful for such quirkiness as it adds to the intrigue and charm of early American coinage issues. Of course few will ever have the chance of owning this particular variety, as fewer than 100 coins are believed to be extant in all grades. In fact, PCGS has certified a mere 33 pieces as of (8/08) and the population at NGC is slightly lower. Considering that only 300 to 842 BD-1 tens were struck (per the Bass-Dannreuther reference), the low population today is not at all surprising.
Straw-gold fields are framed by lovely russet patination that clings heavily to the devices on both sides of this early ten. At first glance the details are what one would expect to find on a piece grading finer, although the conservative designation by PCGS, all factors considered, is accurate. Not affecting the grade, but mentioned for the sake of completeness, are minor adjustment marks observed on the eagle's left wing. Overall, the current offering is a pleasant example of a scarce--and by some measures, rare--early ten dollar gold piece struck when George Washington was still alive.(Registry values: P7) (#8560)

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
No previous prices realized recorded for this item in this grade.
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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.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Sunday, September 14, 2003 40 PCGS $24,150.00
Unconfirmed Thursday, June 1, 2000 40 PCGS $18,400.00
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+
35 --- $35,605 $28,480 $26,163 $26,163 $37,500 ---
40 $37,500 $44,380 $35,500 $32,500 $32,500 $45,000 ---
45 $50,000 $47,005 $37,600 $34,513 $34,513 $49,000 $50,000
*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 900 Robert Scot
NGC 40 2 26 28 -
CAC 40 0 4 4 -
*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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