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Lot
5424

1804 $10 Crosslet 4 MS61 NGC. Breen-6847, Taraszka-31, BD-1, High R.4....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
Historic 1804 Crosslet 4 Eagle, BD-1, MS61
Last Circulating Issue of the Denomination
1804 $10 Crosslet 4 MS61 NGC. Breen-6847, Taraszka-31, BD-1, High R.4. Bass-Dannreuther Die State b/b. The 1804 Crosslet 4 eagles are the last circulating issue of this largest U.S. gold denomination until 1838, as President Thomas Jefferson would discontinue it by executive order in this year; its intrinsic value had exceeded its nominal value. The BD-1 issue is justly celebrated not only as the last of the type, but also due to its (loose) association with the proof-only 1804 Plain 4 eagles (BD-2) and the celebrated 1804 silver dollars, for example as found in the King of Siam proof set.
The Crosslet 4 is sufficient to identify the BD-1 variety. The reverse die is a "carryover" from the BD-6 of 1803, although Bass-Dannreuther note that the 1803 BD-6, based on die state evidence, was actually struck after the 1804 BD-1. The obverse here shows a die crack from star 1 to the 18 of the date. The reverse displays one crack through the tops of UNITED, and a second crack from the top left of the U, through the eagle's tail, and thence to the top of the last A in AMERICA.
Die polishing has created moderate brightness in the obverse fields of this MS61 specimen. That side also displays pronounced planchet adjustment marks from stars 11-13 upward through the upper portion of Liberty's profile. More adjustment marks appear on the lower bust and the lower hair curls, running into the left field. The strike on the reverse is a trifle irregular, fully defined on the eagle's breast but soft on the right (facing) wing tip and head. There is no evidence of reflectivity on the reverse. Both sides exhibit light, consistent orange-gold coloration, with minimal abrasions. We suspect that the extensive planchet adjustment marks account for much of the grade, yet they fail to detract from the appeal and historic importance of this early gold type example. Census: 13 in 61, 12 finer (2/11).(Registry values: P4) (NGC ID# 262C, PCGS# 8566)

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