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4370

1838 $10 XF45 PCGS....

2011 September Long Beach Signature US Coin Auction #1159

 
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Auction Ended On: Sep 9, 2011
Item Activity: 12 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Rare 1838 Eagle, XF45
First Year of Liberty Type
1838 $10 XF45 PCGS. The rare 1838 was the first gold eagle struck for circulation since 1804, and represented the largest gold denomination up to that time. It introduced the Liberty motif by Christian Gobrecht that dominated the series through 1907, although the portrait was modified slightly in 1839. The eagles of 1838-1839 featured a slightly different hairstyle and a deeper arch in the neck truncation than the coins from later years. Examples of this short-lived subtype are always prized by type collectors.
The present coin is a richly detailed greenish-gold piece with problem-free surfaces and slightly subdued mint luster. Only 7,200 pieces were struck, making the 1838 a rare date in all grades. Population: 17 in 45, 23 finer (8/11).
From The Eagle Harbor Collection, Part Three.
(Registry values: N2998) (NGC ID# 262D, PCGS# 8575)

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