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Lot
2279

1801 $10 AU55 NGC....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
Sold for: Not Sold
Auction Ended On: Apr 29, 2010
Item Activity: 4 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

Choice AU 1801 Ten Dollar
BD-1, Scarcer of the Two 1801 Varieties
1801 $10 AU55 NGC. Breen-6843, Taraszka-24, BD-1, R.5. The BD-1 variety is far rarer than the relatively available BD-2, the only other variant for 1801 eagles. The BD-1 obverse is a new die for the year, but the hardy reverse is a carryover from the two previous years, used first for the R.3 1799 BD-10, then for the single-variety BD-1 of 1800. In its final use in 1801, the reverse die was likely already cracked from the previous year's use and it failed in 1801, resulting in this rare variety. Although the mintage of eagles in 1801 is numbered at 44,344 pieces (although some were likely dated 1800), Bass-Dannreuther estimate that 2,500 to 4,000 pieces of the BD-1 were produced, of which some 40 to 50 survive today. On the obverse star 1 has two points facing the lowest curl, and star 8 has one point facing toward the cap. L is close to the cap, and Y is close to star 9. A die crack runs from the edge between 0 and 1 of the date upward to the bust. Another crack runs from star 13 up through the throat and jawline. On the reverse, denticle clashes show above STAT, and a leaf tip touches the right bottom serif of I in AMERICA.
This lightly circulated example has bright yellow-gold surfaces that retain much luster and are free of visible adjustment marks. Despite a number of tiny marks through LIBERTY at the top of the obverse, this elusive piece displays much allure and would be an exciting acquisition for the many specialists pursuing rare early gold.(Registry values: P1) (NGC ID# 2627, PCGS# 8564)

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