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Lot
4953

1795 $10 13 Leaves AU53 PCGS. 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: 7 Internet/mail/phone bidders
1,173 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1795 BD-1 Eagle, AU53
Popular Design Representative
1795 $10 13 Leaves AU53 PCGS. Breen-6830, Taraszka-1, BD-1, High R.3. Apparently an early die state with no evidence of clash marks or die cracks described in the Bass-Dannreuther reference. The 1795 BD-1 die married is plentiful when compared to the other four varieties of 1795 eagles, with more than 200 survivors. John Dannreuther estimates 225 to 325 examples are known in all grades, suggesting that more of these are known than for all other 1795 varieties combined, making the BD-1 an ideal candidate for type collectors. Die state evidence indicates that BD-1 was the first minted 1795 eagle variety, therefore the first gold eagle variety minted in Philadelphia. These coins were struck late in the year, following the half eagle coinage. Despite the apparent availability of the 1795 BD-1 eagles, these coins and all similar examples of the first design are rare.
The first Small Eagle ten dollar gold pieces were minted in September 1795, with further production of the design, bearing the additional dates of 1796 and 1797, struck through June of the latter year. The total coinage for the design was only 13,344 coins according to Mint records, but may have been as high as 15,000 coins, according to Dannreuther. About two-thirds of that total production bears the date 1795, although those coins were struck in 1795 and 1796. Following the five 1795 varieties, just one 1796 variety was minted, along with a single 1797 Small Eagle variety. Dannreuther estimates a survival in the range of 610 to 822 coins for all seven varieties of the Small Eagle type.
This distinctive AU53 example features abundant luster with brilliant orange, violet, and green toning on both sides. Minor handling marks on each side are consistent with the grade, and slight adjustment marks are evident at the central obverse. This is a highly appealing 1795 Small eagle ten dollar gold piece.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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