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Lot
4545

1800 $10 MS60 NGC. BD-1, High R.3....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 6 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
Mint State 1800 Eagle, BD-1
Late-State Dies
1800 $10 MS60 NGC. BD-1, High R.3. Bass-Dannreuther Die State c (late)/d. Only a single die pairing is known for the 1800-dated ten dollar gold pieces. The denomination (not the date; more on this soon) was reportedly struck in an amount of 5,999 pieces. This was an era when the Mint had trouble hardening good, workable dies; die steel was hard to come by, and dies, regardless of design or date, were used indiscriminately as the need arose.

Thus it is that John Dannreuther estimates the mintage of the sole BD-1 1800 eagle die pairing to be somewhere from the 5,999 reported to 12,500 pieces, more than twice the given amount. The reverse die, a carryover from 1799, was used for some 1800-dated pieces, then used (in a later state) for the BD-1 1801 coins, then reused (later die state again) for more 1800-dated eagles; clearly, then, some -- perhaps a considerable number -- of the 44,344 eagles reportedly struck in 1801 were actually dated 1800.
This Mint State example and the AU58 NGC piece in the present Platinum Night auction are in nearly the same die states, a bit later than the MS62 NGC coin. Although Bass-Dannreuther fails to mention it, in this late obverse die state there is a noticeable rim cud above stars 10-11 that joins three denticles together. The cracks joining LIBERTY with stars 9 and 10 are getting heavier. This attractive yellow-gold piece has essentially full mint luster, but the surfaces are dotted with many small - to medium-sized abrasions that account for the grade. Among the more noticeable ones are a patch of scrapes in the field at stars 12-13 and a long abrasion near the rim above stars 1-4. A couple of dotlike indents on the reverse also are abrasions. Nonetheless, this piece is a nice example of early gold, with no sign of wear or planchet adjustment marks.(Registry values: P2) (NGC ID# 2626, PCGS# 8563)

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