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1795 $10 9 LEAVES

1997 Mid-Winter ANA Signature Sale #169

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Auction Ended On: Mar 21, 1997
Item Activity: 1 Internet/mail/phone bidders
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Location: Cleveland, OH
1795 Nine Leaves Ten-Dollar--The Rarest Variety of the 1795-1804 Type
1795 9 Leaves AU 50 PCGS. B. 4-C. The 1795 9 Leaves ten is a variety that has taken on near-legendary status over the past thirty years. Since its recognition as a variety (circa 1960), examples have turned up on average every two to three years. Breen believed that only 116 pieces were struck, all on March 30, 1796. It is widely believed that today ten or fewer specimens exist in all grades. This is the first Nine Leaves we have handled since September 1988. As such, it is the rarest naked eye type among all early tens, even surpassing the 1798/7, 7x6 Stars.
Unlike several other examples known, this piece does not show flan chips from foreign matter that possibly adhered to the die at the time of striking. However, it does have two short die cracks on the reverse. One is a jagged V-shaped crack below leaves 2-4 (counting from the right). The other is also irregular in shape, through the top of the first T in STATES. Undoubtedly, these cracks were responsible for the early retirement of this reverse die after only 116 impressions were made. The fields are semi-reflective, as seen on other 9 Leaves as well as many other 1795 tens. Generally the striking details are well brought up except on the hair of Liberty just behind the ear and on the eagle's breast. Bright rose tinted patina surrounds the outer devices, yielding a pleasing two-toned effect against the medium orange-gold color of the coin seen elsewhere. Fortunately or unfortunately, depending upon one's point of view, there are no large contact marks that would aid a researcher in identifying this coin in the future. Just a few pecks in the fields, one below the eagle's left (facing) wing, and a small cluster below the bottom of the circular wreath. Of the greatest rarity and importance to U.S. gold collectors. (NGC ID# 25ZV, PCGS# 8552)

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