Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

About Uncirculated 1795 Eagle, A Desirable First-Year Issue

1795 $10 AU 53 NGC. B. 4-B. Despite its status as the nation's gold monetary unit, the eagle enjoyed less popularity within financial circles than the smaller half eagle. This disparity was evident since the introduction of both denominations in 1795. As the half eagle had a similar value to foreign gold coins of the period, the Philadelphia Mint concentrated its earliest gold coinage efforts on that denomination. When the government finally initiated eagle production on September 22, 1795, only 5,583 1795-dated pieces were produced between that date and March 30, 1796. In stark contrast, the Mint's initial delivery of 8,707 half eagles was achieved in a much shorter time frame between July 31 and September 16, 1795. Regardless of its limited appeal to banks and merchants, the size of the eagle made it an impressive coin. As a result, curious American citizens saved many examples as first-year souvenirs, but numismatic scholars stress that fewer than 3% of the original mintage survives today in all levels of preservation.
The typical 1795 eagle in today's numismatic marketplace is apt to grade no higher than XF 40. The current specimen, however, displays enough remaining definition to fit comfortably within the About Uncirculated grade tier. Both sides are uniformly reflective and display the modest prooflike finish that typifies the issue. The die lump in the reverse field between OF and AMERICA is diagnostic of this scarcer variety, although both the obverse and the reverse are free of unduly bothersome circulation impairments. Curiously problem-free for an early gold coin, this lightly worn example would do justice to any advanced collection.
From the Joseph J. Abbell Collection of U.S. Gold Coins. (NGC ID# 25ZU, PCGS# 8551)

View all of [The Joseph J. Abbell Collection ]

Service and Handling Description: (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2000
7th-10th
Internet/Mail/Phone Bidders: 4
Members Tracking: N/A
Page Views: 211

Heritage membership

945,723
bidder-members
$894,134,022
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 37 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

I wholeheartedly recommend Heritage Auctions to anyone interested in selling their art, coins, books or any of the specialty items they handle.
M.R.
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,801,934
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,698,676
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved