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Description

1798/7 BD-1 Eagle, 9x4 Stars, XF45
Intermediate Die State

1798/7 $10 9x4 Stars XF45 PCGS. CAC. Breen-6836, Taraszka-9, BD-1, R.4. Bass-Dannreuther Die State b/b, struck before the 1797 BD-3 eagle offered previously. John Dannreuther considers this an intermediate die state, with a heavy crack from the border through the L in LIBERTY, down to the cap. Only a slight beginning of a second crack from the border to the top of the R in LIBERTY is evident. The second crack eventually continues through that letter to the forecurl. The reverse has a fine die crack through the tops of UN and TED, although less advanced than seen on the 1797 eagle.
With 80 to 100 examples known, the 1798/7 BD-1 eagle is a scarce variety in the context of early eagles, although it would be a major rarity in most series. For example, fewer of these coins survive than do 1796 or 1797 half dollars, 1794 silver dollars, 1796 quarter eagles, 1808 quarter eagles, and many other rarities. Demand for this variety is received from early eagle specialists, Guide Book collectors, type collectors, and overdate enthusiasts.
This pleasing piece exhibits rich greenish-gold color with dark cherry-red accents that are especially visible in the margins within the borders. It is sharply detailed with minor field marks of little consequence. Although the right obverse border is indistinct, the strike is reasonably well-centered on the flan with slight central weakness, primarily on the obverse.
Ex: Stack's (6/2008), lot 2096.
From The Oliver Collection.(Registry values: P7) (NGC ID# 4UPT, PCGS# 8560)

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Auction Dates
August, 2011
11th-14th
Internet/Mail/Phone Bidders: 6
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Page Views: 1,089

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