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Lot
5538

1795 $10 13 Leaves AU53 PCGS. Breen 1-A, Breen-6830, Taraszka-1, R.4. Shortly after the first half eagles were coined, the ...

2006 August Denver, CO Signature & Platinum Night Auction #414

 
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Auction Ended On: Aug 14, 2006
Item Activity: 12 Internet/mail/phone bidders Number of Bidders
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Description:
Prooflike AU 1795 Breen 1-A Eagle
1795 $10 13 Leaves AU53 PCGS. Breen 1-A, Breen-6830, Taraszka-1, R.4. Shortly after the first half eagles were coined, the United States Mint began production of the larger ten dollar gold pieces, properly known as eagles. Although they were not the first gold coins struck, the ten dollar gold eagles were intended as the "unit" of gold coinage, much like the silver dollar was the "unit" of silver coinage. The first delivery of eagles, which almost certainly included examples of this variety, consisted of 1,097 coins on September 22, 1795. The Taraszka-1 die variety is easily the most available of all Small Eagle varieties of this denomination. Although we rate it as an R.4 variety, the Bass Sylloge recorded the rarity as R.3. With a total mintage of 5,583 coins in 1795, contemporary survival data suggests that about 550 to 600 examples of all varieties still exist. At best, this variety may prove to be High R.3, but we believe that Low R.4 is more accurate.
This specimen, which is housed in a green-label PCGS holder, has reflective fields and exhibits radiant green-gold color. Both sides are quite sharply struck, although not fully defined. The surfaces, especially the obverse, have minor abrasions and faint hairlines, along with a few minor patches of concentrated roughness. A single light scratch crosses Liberty's cheek.
Early eagles were designed by, and dies engraved by, Robert Scot with the assistance of John Smith Gardner. The design was essentially the same as the half eagle, first coined two months earlier. They were struck of 0.917 fine gold, commonly termed 22 karat gold. Each was to weigh 270 grains, containing 247.6 grains of gold and 22.4 grains of alloy, usually copper with traces of silver. Authorized by the Act of April 2, 1792, these were to be the largest gold coins minted.
From The Royal Oak Collection.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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