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Lot
4852

1799 $10 Large Stars Obverse MS64 NGC. BD-10, R.3. ...

2012 February 2-5 US Coins Signature Auction- Long Beach #1167

 
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Auction Ended On: Feb 3, 2012
Item Activity: 9 Internet/mail/phone bidders
2,458 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1799 BD-10 Large Obverse Stars Eagle, MS64
Common Variety, Rare Grade
1799 $10 Large Stars Obverse MS64 NGC. BD-10, R.3. One does not tread lightly into the field of collecting early U.S. gold coins, those generally minted in the years between 1795 and 1834. The average collector in this area must have substantial funds available. It also helps to be an astute numismatist -- or at the very least, to work with dealers and advisers who are astute numismatists.
Nonetheless, the specialty of early U.S. gold collecting is among the most rewarding in American numismatics. Each of the three gold denominations minted in the early years -- the quarter eagle, half eagle, and eagle -- have their own individual stamps, shaped by the character of commerce, finance, and Mint history of the time.
The quarter eagles were the red-headed stepchildren of early Mint history, made in small quantities at sporadic intervals, usually seldom-seen in actual commercial use. The half eagles, on the other hand, were made almost continuously in much larger quantities during the 1795-1834 timeframe; in fact, they were the first gold coins manufactured at the U.S. Mint. They were a workhorse denomination, along with their counterparts, the copper large cent and silver half dollar. Between these three federal denominations and especially the foreign currency in general circulation, most everyday transactions were concluded.
The eagles are a special case, the shortest denomination and the largest early U.S. gold, made only from 1795 through 1804 (one variety was struck in 1834-35), although no 1802-dated eagles were produced. Like the quarter eagles, they were struck in relatively small quantities. A date set of early eagles consists of only nine coins, although a variety set -- not for the faint of heart -- would include 33 die marriages, some extremely rare.
The 1799 BD-10 die variety is among the most available for the early eagles, although an example in the near-Gem condition of the present piece is still conditionally quite rare. This coin is sharply struck, save for the right-side obverse stars and the bust point. There is a slight rim mark at 5 o'clock on the obverse, and some minor planchet adjustment marks appear on the clouds. The greenish-gold surfaces otherwise are pristine, with vibrant mint luster and excellent eye appeal. Census including both Large Stars and Small Stars varieties: 46 in 64, 7 finer (12/11).(Registry values: P1) (NGC ID# 2623, PCGS# 8562)

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