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Lot
3824

1838 $10 AU55 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: May 1, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Radiant 1838 Eagle, First-Year Subtype, AU55
1838 $10 AU55 NGC. The 1838 is significant as the first business strike ten dollar piece issued since 1804. It is also quite rare, since only 7,200 pieces were struck and most of those were melted long ago. It is much scarcer than the 1839 Large Letters, the only other issue of this underappreciated design subtype. Liberty leans forward, has a sweeping curl over the ear, and her truncation is strongly curved. The eagle's beak is open. As he did with the Matron Head cents of 1839, Gobrecht modified the type until he was satisfied with the design, which continued unchanged for years afterward.
This is a sharply struck and radiant green-gold piece that has a pleasing extent of remaining luster, particularly near the eagle's neck. Distributed small to moderate marks are unobtrusive for the grade. Census: 5 in 55, 9 finer (3/09).(Registry values: N4719) (NGC ID# 262D, PCGS# 8575)

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