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Lot
4952

1795 $10 13 Leaves AU50 PCGS. CAC. Breen-6830, Taraszka-1, BD-1, High R.3....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 13 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
AU 1795 Small Eagle Ten Dollar, BD-1
13 Leaves Reverse, Early Die State
1795 $10 13 Leaves AU50 PCGS. CAC. Breen-6830, Taraszka-1, BD-1, High R.3. Bass-Dannreuther Die State Obverse a / Reverse a. It is always an interesting pursuit to seek the origins of coinage designs. As a small part of a much larger article in Coin World, March 1, 1999, Richard Giedroyc wrote of the reverse design:

"The Small Eagle reverse appearing on the coins of 1795 to 1797 is believed to have been adapted from a first century B.C. Roman onyx cameo in the Kunsthistorisches Museum. The position of the eagle is different on the museum cameo, although the palm branch and circular wreath accompanying the eagle on the U.S. coin is strikingly similar to the design on the cameo."


Only 5,583 pieces were struck of this design type. But then, there was little demand for the ten dollar denomination in the channels of commerce. In 1795 Philadelphia, the average laborer earned ten dollars for two weeks' wages for a six-day work week. As a result, there was minimal need for such a high-denomination gold coin.
This particular coin is pleasing overall with just the slightest friction over the high points. The strike details are well-defined and show strong detailing on Liberty's hair and the eagle's wings. There are no mentionable or distracting abrasions, and each side shows a strong reddish accent of patina around the devices with the remainder of the coin retaining its original greenish-gold. This is a splendid, high-grade example of this popular, first-year design type. As a superlative example of this early type in high circulated grade, this piece may fill the want list of many a collector, providing many of the virtues of a Mint State piece at a relatively more affordable price point.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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