1795 $10 9 Leaves MS61 NGC. BD-3, High R.6....
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For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Interest is calculated at only 1% per month (12% annually) on the unpaid balance, and must be kept current.
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- All payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- All payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, or bank draft.
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
One of Five or Six Mint State Survivors
The 1998 offering of an MS61 PCGS example, lot 6461 in our Mid-Winter ANA Signature (Heritage, 3/1998), brought $184,000. The present MS61 NGC example formerly appeared as lot 1270 in a Goldbergs auction (9/2008), where it brought $224,250. An MS61 PCGS example traded hands in a Spink/Smythe auction, lot 1 (5/2011), for $379,500. And an MS63 NGC example, lot 908 (Superior, 7/1989), traded for $308,000 well over a decade ago.
Given the extreme rarity and popularity of this crucial early type coin, the population data are hopelessly inflated with duplications and resubmissions. Before the publication of the Bass-Dannreuther reference on early U.S. gold, it was common for collectors to refer to Anthony Taraszka's United States Ten Dollar Gold Eagles 1795-1804, in which he identified the Harry W. Bass, Jr. specimen as the finest known in a total roster comprising only 15 examples. We believe the number of survivors cannot exceed 18 pieces at the outside, with only five or six that might be considered Mint State. The Bass specimen, impounded (presumably forever) in the Bass Foundation Collection, is the only Mint State example of the 9 Leaves 1795 eagle that would realistically stand a chance of grading MS64, in our opinion.
The rarity of the 1795 9 Leaves can be explained by the existence of two 13 Leaves varieties, one "rather common" (within the context of the series), the BD-1, and one "very scarce," the BD-2. The BD-2 coins share an obverse with the BD-3 9 Leaves, as die state evidence proves. The date is widely spaced, and the tip of the flag on the 5 lies over the bust. Star 11 is separated from the Y in LIBERTY. Star points 1, 10, and 11 are lapped and shortened.
The unique reverse of the 9 Leaves shows jagged die cracks on all known examples, cracks produced during the die preparation that caused its rapid demise after relatively few were struck, apparently the last 1795-dated eagles. One is a lumpish die break just below the second palm leaf from the right, not quite coplanar with the rest of the die and thus appearing almost like a planchet lamination on the coins. Another ubiquitous crack appears at the first T in STATES, again jagged and irregular, not coplanar with the rest of the surface in that area. A third crack of similar kind but lesser degree occurs at the first A in AMERICA. The Bass Sylloge describes a similar reverse on that coin: "Reverse shows die broken at tip of second palm branch, die broken and cracked to rim at first T of STATES, and small break inside and on right upright of first A in AMERICA."
The Bass-Dannreuther reference estimates that somewhere between 210 and 500 examples of the 9 Leaves were originally struck, out of the reported 5,583 examples minted for this first year of eagle coinage (including, of course, the 13 Leaves pieces).
The present MS61 NGC example is bright yellow-gold with surfaces that are extremely attractive overall. The finish is somewhat reflective and prooflike on each side, more noticeably in the protected areas between the peripheral elements and the rims and around the central device edges. Abrasions include a scattering of mostly light marks in the fields on each side, while a tiny indent above the 9 in the date and a few ticks on Liberty's cheek and neck are ultimately grade-defining. Diagonal planchet adjustment marks that appear through the central obverse are as made. The strike is particularly well-executed on the eagle's wing feathers, while the softness in the central reverse is a result of the corresponding adjustment marks on the obverse.
The importance of this monumental early gold coin -- a Mint State example of what is by far the rarest variety of the first year of issue for America's largest and most important gold denomination -- simply cannot be overstated. Census: 1 in 61, 1 finer (6/12).
Ex: Ohringer Collection (Goldbergs, 9/2008), lot 1270, which brought $224,250.(Registry values: P6) (NGC ID# 25ZV, PCGS# 8552)
Service and Handling Description: Coins & Currency (view shipping information)