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Lot
3725

1795 $10 13 Leaves VF30 PCGS. B. 2-A, Breen-6830, Taraszka-2, R.4. The eagles, or ten dollar gold pieces, were the largest ...

2006 September Long Beach, CA Signature Auction #416

 
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Auction Ended On: Sep 15, 2006
Item Activity: 9 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Desirable 1795 Taraszka-2 Eagle, VF30
1795 $10 13 Leaves VF30 PCGS. B. 2-A, Breen-6830, Taraszka-2, R.4. The eagles, or ten dollar gold pieces, were the largest gold coins authorized by the Mint Act of April 2, 1792. The larger double eagles were not produced for another 55 years, and were not even considered in the 1790s. Among silver coins, the silver dollar was the standard unit of currency, and the eagle was the standard unit of gold coins. The eagles were designed by Robert Scot, the chief engraver at that time. Five die varieties of 1795 are known, including types with 9 leaves and 13 leaves on the reverse. The most common of these is the Taraszka-1 variety, and this T-2 variety is next.
After the initial coinage of half eagles in July and August 1795, a total of 2,795 eagles were produced from late September through November 1795. An additional quantity of 1795 eagles were coined early in 1796, although it is not possible to know the exact number and delivery dates. Breen believed that the five deliveries in the first quarter of 1796 were the remaining 1795 eagles, bringing the mintage up to 5,583 coins, and this figure is now recorded in the Guide Book as the "official" 1795 mintage.
This example has light greenish-yellow gold surfaces with faint splashes of rose toning. The surfaces are somewhat subdued, yet retain traces of luster. Some central weakness is apparent, although most of the design elements are strong. The surfaces show evidence of cleaning, but the degree of wear is less than expected for the grade. The actual grade assigned by PCGS seems to be an appropriate compromise.
From The Troy Wiseman Collection.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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