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Lot
3603

1795 $10 13 Leaves AU58 PCGS. Breen-6830, BD-1, Taraszka-1, R.3. The largest denomination authorized by the Mint Act, the e...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
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Auction Ended On: Jan 4, 2007
Item Activity: 9 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Important Near-Mint 1795 13 Leaves Eagle
1795 $10 13 Leaves AU58 PCGS. Breen-6830, BD-1, Taraszka-1, R.3. The largest denomination authorized by the Mint Act, the eagle was not only the flagship gold coin of the United States, but also a confirmation of the young nation's commitment to the decimal system, according to Breen in his Encyclopedia. Unfortunately for the eagle, that very commitment caused it to run into several problems. While the half eagle was close enough to other major currencies of the day to pass in international channels (a fact that ultimately doomed many later coinage proposals, including the Stellas of 1879 and 1880), the eagle was neither close enough to major currencies to pass well, nor was it large enough to be useful for bulk transactions, and so the denomination languished, with sporadic production in the early years of the Mint and a hiatus of more than 30 years after 1803.
This is a pleasing example of the most common die marriage of the 1795 eagle. Widely saved by the public at the time of issue, the 1795 is an immensely popular coin among type collectors, especially those who prefer first-year issues. This coin obviously circulated for a very limited amount of time, and the amount of wear is neither excessive nor distracting. Rather, the surfaces have acquired a pleasing blanket of original olive-gold patina with iridescent lemon-gold shadings around many of the devices. There is a lot of definition on both sides, as well as some traces of mint luster in the protected areas. A shallow planchet indention in the right obverse field is noted as a pedigree marker. For all 13 Leaves varieties, Population: 20 in 58, 45 finer (11/06).(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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