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Lot
7592

1797 $10 Large Eagle AU58 NGC. Breen-6835, Taraszka-11, BD-3, R.5. ...

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 8 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1797 BD-3 Eagle, AU58
Struck in 1798
1797 $10 Large Eagle AU58 NGC. Breen-6835, Taraszka-11, BD-3, R.5. Bass-Dannreuther Die State c/b, struck after both 1798/7 eagle varieties. The obverse has two fine die cracks through the final 7, joined together below that digit to form a prominent extension of its tail to the border. The reverse has a delicate die crack through the tops of UNITED, although there is no evidence of a later crack from the eagle's beak to the shield.
Although the date indicates that this is a first-year Heraldic Eagle ten, this backdated die marriage was struck later, after both 1798 overdate varieties. The BD-3 is the scarcest of the three 1797 Heraldic Eagle varieties, with about 40 to 50 known in all grades, per John Dannreuther. In fact, it has an even lower survival than the highly coveted 1797 Small Eagle variety, BD-1, with 55 to 60 examples known.
This bright yellow specimen has myriad surface marks on the obverse that are entirely trivial, with a few other blemishes that will serve as pedigree markers. The reverse exhibits a few moderate adjustment marks at the center, diminishing the detail on both sides, but is highly attractive otherwise. When Stack's offered this coin in 2008, their cataloger wrote that there is no evidence of wear, although slight friction is visible on the highest points of the design. The grade that NGC has assigned to this piece is consistent with its quality.
Ex: Stack's (6/2008), lot 2094.
From The Oliver Collection.(Registry values: P3) (NGC ID# 25ZY, PCGS# 8559)

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