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Lot
2007

1801 $10 MS62 NGC....

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

 
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Auction Ended On: Jul 31, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Baltimore, MD

Description:
Lovely 1801 BD-2 Eagle, MS62
1801 $10 MS62 NGC. BD-2, R.2. Just two die marriages are known for the date, one common and one rare. The rare variety (BD-1) uses a left over reverse die from 1799 and 1800. In fact, some of the 1800 coins in late die states were actually minted in 1801. The second variety, known as BD-2, was minted later in the year from a new pair of dies, the reverse carrying over for use in 1803. Eventually the 1801 obverse die was taken out of service, even though there was no apparent reason to do so. Much as the 1800 obverse die continued in use well into 1801, other dies also remained in use beyond the engraved date. Most dies were only retired once they broke or exhibited other defects that made them unusable.
This example appears to be in a perfect die state with no evidence of die cracks, clash marks, or lapping on either side. A few raised die lines are visible on the obverse, including one that extends out from Liberty's chin, a sort of "Spiked Chin" feature. Apparently this is a constant feature that has never before been described, to the best of our knowledge.
Although it is the single most plentiful die variety of all early eagles, with numerous Mint State examples surviving today, few possess the eye appeal of this coin. Both sides have soft, frosty yellow luster with subtle but gorgeous orange toning. While the surfaces exhibit the usual tiny abrasions and hairlines that prevent a higher grade, the exceptional aesthetic appeal far surpasses the minor imperfections.(Registry values: P1) (NGC ID# 2627, PCGS# 8564)

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