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Lot
2285

1804 $10 Crosslet 4 AU53 PCGS....

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

 
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Offers to date: $58,650 on February 27, 2013
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Auction Ended On: Apr 29, 2010
Item Activity: 9 Internet/mail/phone bidders
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Location:

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

Description:

Wonderful 1804 Crosslet 4 Eagle, BD-1, AU53
Last-Dated Business Strike Until 1838
1804 $10 Crosslet 4 AU53 PCGS. Breen-6847, Taraszka-31, BD-1, High R.4. Bass-Dannreuther Obverse State c (late, unlisted)/Reverse State b. The 1804 Crosslet 4 eagles were the last in the circulation series, although technically the R.7 1803 BD-6 eagles, which share the same reverse, were the last struck--just not the last in the ordered series of business strikes.
Even afterward, in 1834 and/or 1835, proof versions of the 1804 eagle were struck for the presentation sets (such as the legendary King of Siam set) that included the 1804 silver dollars. The 1804 eagles in those sets were proofs of the 1804 Plain 4 variety, BD-2.
The obverse is identified by the Crosslet 4 in the date. Star 1 has two points toward the lowest hair curl, and star 13 nearly touches the bust tip. Star 7 is well-separated from the Liberty cap. The reverse die was used to strike all the 1804 BD-1, then the 1803 BD-6, according to Bass-Dannreuther, identifiable through die-state information. The reverse shows the large stars without the "extra star" of the 1803 BD-5. The eagle's upper beak touches a star point, and the arrows extend to the right upright of the N in UNITED. The left inner feet of all A's on the reverse are broken or missing.
The authors point out that the total mintage for the 1804 eagles, reported as 3,757 coins, accordingly must contain some 1803-dated eagles of other varieties as well, since the BD-6 is extremely rare.
This piece shows an obverse die state seen on other coins but apparently later than the Bass coin, with the crack beneath 180 extending upward through star 5. Another crack runs just beneath the bust from back to front. The cracks on the reverse about equal those of the Bass coin, with a crack through UNITE, the tail, and to the last A in AMERICA.
This piece has a few scattered, minor ticks and abrasions that account for the grade, but they do little to dampen its appeal. The fields are semiprooflike, with beautiful yellow-gold color and lots of radiant luster. Minor adjustment marks appear below star 13 near the obverse rim, and on the reverse through the left (facing) wing and nearby field. Others occur near the right rim under MERIC, but all of them are scarcely seen without a loupe.
The present coin is a wonderful addition to a fine gold type collection, and a superb representative of this historic early gold issue, the last in the circulation series forthcoming from the Mint until 1838.(Registry values: P4) (NGC ID# 262C, PCGS# 8566)

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