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Lot
2276

1796 $10 --Obverse Damage--NGC. AU Details....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 7 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

1796 Eagle, BD-1, AU Details
Scarce Date, Only Variety of the Year
1796 $10 --Obverse Damage--NGC. AU Details. Breen-6832, Taraszka-6, BD-1, R.4. Mint documents indicate a small mintage of 4,146 eagles was coined in 1796, but some of them may have been dated 1795. The BD-1 variety is the only one known for the year, but studies of die states tell numismatists the coins were struck on more than one occasion. The majority of the 1796 mintage was struck using the BD-1 dies, then some eagles dated 1797 were produced using the same reverse die, and finally the 1796 BD-1 dies were remarried and used to strike a few more eagles. Experts estimate a surviving population of 125-175 examples today in all grades.
The present coin is lightly hairlined on both sides, but the attractive reddish patina minimizes the effect of these lines. Slight pitting (due to planchet flaws) is observed on the lower left obverse field, on Liberty's bust, and on the top of the cap. There is a short area of pinscratching in the field in front of Liberty's hair. This specimen is well struck and possesses many virtues to offset the noted flaws.(Registry values: P6)

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