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Lot
5384

1799 $10 Large Stars Obverse MS63 NGC. BD-10, R.3....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 15 Internet/mail/phone bidders
714 page views
Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:

1799 Large Stars Ten Dollar, BD-10
Antique-Gold MS63 Type Coin
1799 $10 Large Stars Obverse MS63 NGC. BD-10, R.3. The early Philadelphia Mint was concerned about the numbers of coins struck and the serviceability of the dies required for their production, and not at all about the particular date those dies bore (or in some extreme cases, even the design). While the first few eagle emissions, from the 1795 Small Eagle through the 1798 Large Eagle, are each known from at least one to at most five die marriages per year, the 1799 eagle, all struck with the Large Eagle or Heraldic Eagle reverse, were produced in 10 different die pairings known to collectors today.
This does not come as a complete surprise, as there were 37,449 eagles reportedly minted for the year, an amount that was by far the largest to that point. In fact, according to Guide Book figures the total is about 40% more than the total mintages reported for 1795 through 1798 combined.
The 10 different known die varieties of 1799 eagles are mostly minor variations, some fairly common as early gold coins go, some extremely rare. The Guide Book lists only the Small Obverse Stars and Large Obverse Stars variants.
The present BD-10 is one of the Large Obverse Stars marriages, with Bass-Dannreuther estimating 300 to 400 surviving today, making it an available and popular 18th century variety for type purposes. Note how close many of the obverse star pairs are, especially 1-2, 5-6, 6-7, 9-10, and 10-11. Star 9 nearly touches the Y in LIBERTY, and a leaf touches the lower-right serif of the I in AMERICA.
Even under a loupe, this marvelous Select coin shows no evidence of die cracks or clashing, and adjustment marks are absent. A few scattered, trivial contact marks are as expected of the grade. The antique-gold surfaces are highly lustrous and original, with blatant eye appeal and overall excellent preservation. This piece should certainly gain the attention of type aficionados and early gold specialists. Census: 64 in 63, 53 finer (6/12).(Registry values: P1) (NGC ID# 2623, PCGS# 8562)

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