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Lot
3547

1804 $10 Crosslet 4 AU58 PCGS. Breen-6847, BD-1, High R.4....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 5 Internet/mail/phone bidders Number of Bidders
690 page views
Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:
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Near-Mint 1804 Eagle
Scarce Crosslet 4, BD-1 Variety
Last Year of Design
1804 $10 Crosslet 4 AU58 PCGS. Breen-6847, BD-1, High R.4. The 1804 eagle boasts a low mintage of 3,757 pieces and the BD-1 variety, with the Crosslet 4, is the only business-strike variety of the date. Regular-issue coinage of the eagle was suspended after 1804 and not resumed until 1838. While 1804 is the last date for the denomination, die state evidence indicates some coins dated 1803 (the rare BD-6 specimens) were struck after the 1804 issue was produced. The modest mintage total thus undoubtedly includes some coins with an 1803 date, reducing the original production figure of the Crosslet 4 to perhaps 2,500 examples. The Plain 4 proofs were made in 1834 to represent the denomination in the diplomatic presentation sets that included the 1804 silver dollar. In Early U.S. Gold Coin Varieties, John Dannreuther estimates a surviving population of 80-100 pieces in all grades, with a higher than normal percentage of cleaned and damaged coins. Coins in AU58 are rare, as confirmed by recent population data. Currently, PCGS has graded six examples in AU58, with nine finer; NGC has certified 13 near-Mint coins, with 27 finer (7/10).
The present coin is an attractive near-Mint specimen, with reflective prooflike surfaces and sharp striking details throughout. Crisp detail is present on the star centers and Liberty's hair. The surfaces are a pleasing greenish-gold and show little sign of actual wear. Some diagonal adjustment marks are apparent on the obverse, in the fields and on the bust. The eye appeal of this elusive coin is outstanding, and post-strike abrasions are minimal for the grade.(Registry values: P4) (NGC ID# 262C, PCGS# 8566)

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