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1801 $10 MS63 NGC....
Lot: 3833,
Auction: 2008 September Long Beach, CA US Coin Signature Auction #1116
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| Ended: | Sep 18, 2008 | |
| Item Activity: |
4 Internet/mail bidders
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Description:
Wonderful 1801 BD-2 Ten Dollar, MS63
1801 $10 MS63 NGC. Breen-6843, Taraszka-25, BD-2, R.2. At 44,344 coins, the year 1801 has the highest recorded mintage of eagles than any other date from 1795 to 1804. Even more amazing is the fact that the large emission of 1801-dated tens occurred with only two die pairings. 1799 saw the second highest mintage of early eagles at 37,449 coins, although it took 10 die marriages to get the job done. One would assume that the two die marriages for 1801 would have struck an equal amount of coins, considering the relatively large production volume that year. Not so. Based on research by Bass-Dannreuther (2006), it is believed that the BD-2 die marriage was responsible for producing as many as 40,000 1801-dated tens, or nearly the entire mintage of coins that year. The second highest producing die pair was 1799 BD-10, from which Bass-Dannreuther estimate that 12,500 to 17,500 coins were struck. The fact that neither of the BD-2 dies cracked during the massive production of 40,000 eagles is noteworthy since we know that other dies from the same era broke after striking fewer than 1,000 coins. Eventually the reverse die was married with another obverse die to strike approximately 10,000 1803 BD-3 eagles and subsequently failed toward the end of that production. In total, this reverse die helped to produce as many as 50,000 early eagles--more than any other die in the series. Were the BD-2 dies specially prepared, or was it simply luck? We will never know for certain, but such mysteries are what make numismatics so enjoyable.Lemon-gold coloration and lustrous surfaces define this Select Uncirculated early eagle. Strike weakness at star 2--common to this issue--is noted, as are a few scattered abrasions commensurate with the assigned grade. Unlike many gold coins of the era, the current offering is pleasantly free of adjustment marks. Overall, this specimen is above average for the series and is sure to see aggressive bidding activity.
From The Mississippi Collection.(Registry values: P1) (#8564)
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(Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)This lot is in: Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 422, Lot 3633 | Saturday, January 6, 2007 | 63 | NGC | $46,000.00 |
| Auction 200, Lot 6083 | Friday, April 23, 1999 | 63 | NGC | $18,975.00 |
| Auction 358, Lot 8548 | Saturday, November 6, 2004 | 63 | PCGS | $34,500.00 |
| Auction 349, Lot 6315 | Saturday, June 5, 2004 | 63 | PCGS | $32,200.00 |
| Auction 336, Lot 3060 | Saturday, January 10, 2004 | 63 | PCGS | $25,300.00 |
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