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Choice AU 1795 Capped Bust Right Ten
Popular First-Year Type Coin
Scarce 13 Leaves, BD-2 Variety

1795 $10 13 Leaves AU55 PCGS. Breen-6830, BD-2, High R.4. Gold coins were minted for the first time under federal authority in 1795, and a small mintage of 5,583 eagles was accomplished at the Philadelphia Mint. Five die varieties are known for the date, including the scarce BD-2 marriage represented by this coin. The BD-2 is recognized by the position of the 5 in the date overlapping the bust, star 11 away from Y in LIBERTY, and the leaf almost touching U in UNITED. John Dannreuther estimates the BD-2 variety accounted for approximately 1,500-2,332 pieces of the original mintage, with 90-110 examples surviving today in all grades.
The 1795 eagle was prized and diligently studied by early collectors. As a result, most of the die varieties were identified at an early date. In the fabulous George Earle Collection (Henry Chapman, 6/1912), the cataloger identified three different varieties among the 1795 eagles offered. Lot 2286 was the BD-2, "1795 Large stars. Star farther from Y. R. Same as last. Very fine. Rare. Plate." Not many issues were so extensively categorized by early 20th century numismatists. In recent times, an AU55 PCGS specimen in a 2009 Goldberg auction realized $86,250.
The present coin is a sharply detailed specimen, with slight traces of high-point rub on Liberty's cheek and the eagle's breast. The pleasing semiprooflike fields are lightly abraded, and the surfaces display attractive greenish-gold color. A few light adjustment marks are hidden in Liberty's hair, but they can be detected on close inspection. Overall, this coin is an attractive specimen of an important, historical issue. Housed in a green label holder. Population: 34 in 55, 65 finer (11/10).(Registry values: P5) (NGC ID# 25ZU, PCGS# 8551)

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Auction Dates
January, 2011
Internet/Mail/Phone Bidders: 10
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