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Lot
5895

1795 $10 13 Leaves MS63 PCGS. CAC. BD-1, High R.3. ...

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

 
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Auction Ended On: Jan 10, 2013
Item Activity: 5 Internet/mail/phone bidders
1,480 page views
Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
1795 BD-1 Eagle, MS63
13 Leaves Reverse
1795 $10 13 Leaves MS63 PCGS. CAC. BD-1, High R.3. The U.S. Mint produced gold coins for the first time in 1795 starting with half eagles, beginning the ten dollar gold series in September. A modest mintage of 5,583 eagles dated 1795 was achieved during the fiscal year, with deliveries taking place from September 27, 1795, through March 30, 1796. Five different die marriages are known for the date, of which BD-1 is the most "common." The BD-1 obverse die is characterized by the closely spaced date, with the 1 close to the curl, and the tip of the 5 overlapping the bust. Star 11 is extremely close to Y in LIBERTY, and there are two lumps visible in the field near Y. The reverse die has 13 leaves in the palm branch, one of which nearly touches U in UNITED.
In Early U.S. Gold Coin Varieties, John Dannreuther estimates a total surviving population of 225-325 examples of the BD-1 variety in all grades. The date may be available in the context of early U.S. gold coinage, but it is scarce in absolute terms. In Choice Uncirculated grades, it is quite rare. NGC has certified only 12 coins at the MS63 level, with seven finer; PCGS has graded only 10 examples at the Choice level, with six finer (11/12).
The present coin is a fantastic representative of this historic date. The strike is admirable for such an early issue. Some softness is noted on the central details, but the peripheries are sharp, showing bold detail on the stars. The surfaces display thick mint frost with some semiprooflike areas in the reverse field. The surfaces are amazingly clean, displaying just a few field marks and tiny planchet flaws visible through a glass. A truly extraordinary prize for the type collector or early gold aficionado.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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