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Lot: 5539
Auction: 414  
1796 $10 AU55 PCGS. B. 1-A, Taraszka-6, the only known dies, R.4. The Philadelphia Mint produced 6,934 eagles in calendar y...
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Ended: Aug 13, 2006
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Rare Choice AU55 1796 Ten Dollar Gold


1796 $10 AU55 PCGS. B. 1-A, Taraszka-6, the only known dies, R.4. The Philadelphia Mint produced 6,934 eagles in calendar year 1796. Those coins were struck from January through March, however, were dated 1795 with the result that the total mintage for the 1796 eagle is only 4,146 pieces. This total is not significantly lower than that of the 1795 (5,583 pieces), but the 1796 is at least twice as rare at all levels of preservation. The reason for this simple: the first-year 1795 was saved in significant numbers as a novelty, whereas the second-year 1796 circulated as extensively as possible for an early U.S. gold coin of this denomination. Advanced type collectors and gold specialists alike would be wise to take full advantage of the bidding opportunity that this lot represents. Probably a middle die state, the obverse of this coin displays a meandering crack from the field below the E in LIBERTY to the bottom of Liberty's bust. The crack is most extensive over and above the top of the portrait. The otherwise green-gold color lightens to honey-gold shades at direct angles, and both sides retain appreciably sharp definition in most areas. Some prooflike characteristics remain in the most protected areas and add brightness to the surfaces. Lightly worn with scattered abrasions that are mostly small in size. Population: 17 in 55, 22 finer (7/06).(Registry values: P6) (#8554)

Auction Name: 2006 August Denver, CO Signature & Platinum Night Auction #414
Auction Type: Signature !! Heritage Live:
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Item Activity: 7 Internet/mail bidders, 369 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 382, Lot 10373 Saturday, July 30, 2005 55 PCGS $48,875.00
Auction 360, Lot 8817 Saturday, January 15, 2005 55 PCGS $74,750.00
Auction 1121, Lot 4096 Sunday, January 11, 2009 55 NGC $63,250.00
Auction 1116, Lot 3817 Sunday, September 21, 2008 55 NGC $80,500.00
Auction 308, Lot 8725 Saturday, January 11, 2003 55 PCGS $35,650.00
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