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Lot
5870

1795 $10 13 Leaves AU53 PCGS Secure. Breen-6830, BD-4, R.5. ...

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 9 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1795 BD-4 Eagle, AU53
13 Leaves Reverse
Late Die State
1795 $10 13 Leaves AU53 PCGS Secure. Breen-6830, BD-4, R.5. Bass-Dannreuther Die State b/b, the latest recorded die state with a delicate die crack from star 9 to star 10 and the tops of LIBE. The reverse has the die lump between OF and AMERICA that is seen on all known examples of this die pair. Four of the five known 1795 eagle varieties have 13 leaves on the reverse, and BD-4 is the second rarest of those four varieties, only slightly more plentiful than BD-5. Perhaps 60 to 70 examples of this die pair are known in all grades.

The 1795 half eagles were the first gold coins struck at the Philadelphia Mint in late July of that year. The eagles followed several weeks later in September 1795. Henry William DeSaussure was serving as the second Mint Director when the first gold coins were struck. He only directed the Mint operations for three months during the summer of 1795, yet receives credit for the introduction of U.S. gold coinage.

Hints of green appear on the light yellow-gold surfaces of this example, retaining traces of luster on each side. The central details are a trifle weak from adjustment marks that extending into the fields, with other accompanying lines, especially on the obverse. Faint adjustment marks are evident along the upper right obverse rim, with weakness on the lower right reverse rim opposite those adjustment marks. The first-year type collector will appreciate this opportunity.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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