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1795 $10 13 Leaves AU58 PCGS. BD-2, High R.4....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1795 13 Leaves Eagle, AU58
Very Rare BD-2 Die Marriage
Top-Shelf, Reflective Near-Mint Example
1795 $10 13 Leaves AU58 PCGS. BD-2, High R.4. In its first year of gold coinage, the U.S. Mint managed to churn out 8,707 half eagles and 5,583 eagles, a respectable total of $99,365 face value worth of gold coins. (Some of the coins may have been dated 1796, as 10 separate delivery warrants were required for the 5,583 eagles, the last delivered on March 6, 1796.)

The Capped Bust to Right eagles bore the Small Eagle reverse through some of the 1797-dated issues, and then the reverse was changed to the Large or Heraldic Eagle reverse for more 1797-dated pieces. There are five different die pairings known for the 1795 Small Eagle tens, which fall into two major subtypes, the 9 Leaves Reverse (one die marriage, R.6, 20-22 known), and 13 Leaves Reverse (four varieties, ranging from High R.3 to R.5).
This near-Mint State coin, certified in a PCGS green-label holder, is an example of the very rare BD-2 13 Leaves variety. John Dannreuther estimates that 90 to 100 examples survive in all. For all 13 Leaves varieties, PCGS has seen 27 submissions in this grade, with 40 grading events finer (12/13). Brilliant luster shines through unimpeded by any obstruction on this highly reflective piece, complementing lovely orange-gold color and top-notch eye appeal. The orange-gold prevailing is a product of slight mellowing or field chatter from light circulation, while the protected areas around the stars and other devices are a lighter canary-yellow. A loupe is needed to see the minor near-vertical planchet adjustment marks on the obverse that blend elegantly into the hair. No significant post-Mint abrasions occur on either side, although we notice one small luster graze in the left obverse field, just above the apex of the eagle's left (facing) wing. A small planchet indent near star 11 is likely of Mint origin.

This piece is from an early state of the dies on each side, showing only the faintest die crack from the leftmost (longest) palm leaf to the adjacent wing tip. A top-shelf example of this important and rare early gold coinage.
From The Klamath Mountain Collection, Part II.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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