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Lot
5171

1796 $10 AU50 PCGS. Breen-6832, Taraszka-6, BD-1, R.4. ...

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
1,088 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
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1796 BD-1 Eagle, AU50
Scarce Second Year of Issue
1796 $10 AU50 PCGS. Breen-6832, Taraszka-6, BD-1, R.4. Only one die pair is known for the 1796 eagles following five different varieties coined the previous year. With a mintage of 5,583 coins in 1795, 4,146 coins in 1796, and 3,615 coins in 1797, examples of the Small Eagle design type are seldom encountered.
After production of copper coins in 1793 and silver coins in 1794, the new Philadelphia Mint was finally ready to strike gold coins in 1795 with coinage of half eagles and eagles, and that production continued in 1796, with the addition of quarter eagles. Most of the half eagles and eagles that were minted in 1796 actually continued the use of 1795-dated dies, and only a few coins were struck that actually carried the date 1796. The Mint coined three quarter eagle varieties alongside a single half eagle variety and one eagle variety. All are rare. Only about 125 to 150 examples of this issue survive today. While type collectors usually seek a 1795-dated example, date collectors and variety specialists both seek out examples of the 1796 eagle.
All examples have the vertical obverse die crack of this coin. The reverse has minor clash marks on all known examples. This specimen is a pleasing AU coin with peripheral orange toning accents on the green-gold surfaces. Both sides have traces of luster, along with slight evidence of cleaning. Here is a desirable representative that will delight the advanced collector. Population: 11 in 50, 44 finer (11/10).(Registry values: P6) (NGC ID# 25ZW, PCGS# 8554)

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