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Description

1795 13 Leaves Ten Dollar, XF40
BD-1, First Variety of Denomination

1795 $10 13 Leaves XF40 PCGS. Breen-6830, Taraszka-1, BD-1, High R.3. An early die state without the cracks from star 5 through star 9, and without the cracks from the T and D in UNITED or the M and ER in AMERICA. Die link studies by Harry W. Bass, Jr., Anthony Taraszka, and John Dannreuther have confirmed that BD-1 was the first of the five die marriages struck, and thus the first ten dollar variety. The ten dollar, or eagle, was the second gold denomination coined, close on the heels of the five dollar half eagle.
Dannreuther estimates in his recently published Early U.S. Gold Coin Varieties that 200 examples exist of BD-1, which makes the variety very scarce, yet collectible by the determined numismatist. The comparative rarity of the 1796 and 1797 Small Eagle, as well as the BD-2 through BD-5 1795 marriages, focuses type demand on the Small Eagle design on BD-1.
This is a pleasing example of this elusive early large denomination gold type. Original golden-honey luster outlines all legends, stars, and devices, and also fills the crevices of the eagle's plumage and Liberty's hair, cap, and drapery. A few minor adjustment marks (as made) are present near the wreath, but significant post-strike abrasions are limited to a thin line on the cheek, a tiny depression near the Y in LIBERTY, and a few closely spaced marks on each side of the L in LIBERTY. Given the substantial remaining luster, and the considerable definition on the eagle's breast feathers, the desirability of the present piece needs no further elaboration. Encapsulated in an old green label holder.
From The Chandler Collection.(Registry values: P5) (NGC ID# 25ZT, PCGS# 8551)

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Auction Dates
January, 2008
9th-12th
Internet/Mail/Phone Bidders: 10
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