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Description

1795 Capped Bust Right Eagle, MS61
Sought-After First-Year Type Coin
Popular BD-1, 13 Leaves Variety

1795 $10 13 Leaves MS61 NGC. BD-1, High R.3. Bass-Dannreuther Die State b/a. The Philadelphia Mint produced ten dollar gold pieces for the first time in 1795, when a small mintage of 5,583 pieces was reported. Five die varieties are known for the date, all employing the Small Eagle reverse. The present coin represents the BD-1 variety, with the 5 in the date overlapping the bust, star 11 near Y in LIBERTY, and a leaf nearly touching U in UNITED on the reverse. This was the only use for the obverse die, but the reverse was used to strike the BD-2 variety of this year, as well. The BD-1 is an available issue in the context of the series, with a surviving population of 225-325 examples in all grades. From delivery records, it seems that the BD-1 accounted for at least 2,795 pieces of the reported mintage.
The eagles of 1795 were collected avidly from the earliest days of the hobby, and examples appeared at public auction as early as the A.C. Kline Sale (Moses Thomas & Sons, 6/1855), where the cataloger described the coin in lot 169 as a proof 1795 eagle. Undoubtedly the coin was a prooflike business strike, as no true proofs were produced until much later. Interestingly, this sale occurred three years before the Mint began its program of commercial proof set offerings, so the cataloger had probably seen only a few real proof coins and was unfamiliar with all the characteristics of proof issues.
This attractive Mint State specimen exhibits sharp definition on many of the design elements, with just a touch of the customary softness on the eagle's breast. The pleasing greenish-gold surfaces display bright satiny mint luster on both sides, with a scattering of minor contact marks that explain the grade. Visual appeal is quite strong, and we expect spirited bidding from type collectors and early gold specialists when this lot is called. Census: 21 in 61, 36 finer (11/12).
From The Dr. James Olsen Collection.(Registry values: P5) (NGC ID# 25ZU, PCGS# 8551)

View all of [The Dr. James Olsen Collection ]

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Auction Info

Auction Dates
January, 2013
9th-14th
Internet/Mail/Phone Bidders: 13
Members Tracking: N/A
Page Views: 860

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