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Lot
6232

1838 $10

1995 October Long Beach Signature Sale #144

 
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Auction Ended On: Oct 6, 1995
Item Activity: 3 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Mid-Condition Census 1838 Eagle--Plated in the Norman Stack Type Book
1838 AU 58 PCGS. Production of ten-dollar gold pieces ceased in 1804, but after two Congressional acts altered the weight and fineness of gold coins in the 1830s, the mint resumed production of this denomination in 1838. The obverse was designed by Christian Gobrecht and modeled after the head of Venus in Benjamin West's painting Omnia Vincit Amor. Only 7,200 business strikes were produced in this initial year. Very few examples survive today, and the 1838 is an important condition rarity, termed "prohibitively rare above VF" by Breen. This is a mid-condition census coin at the AU 58 level. Three mint state pieces have been certified by the combined staffs of PCGS and NGC, the finest being MS 62. This is a reasonably well struck coin that has slight softness on the peripheral stars and the left (facing) leg of the eagle. The surfaces have a pronounced green-gold color and virtually all of the original mint luster is still intact. There is a short mark between stars 7 and 8 that could be used as a pedigree identifier as well as a tiny spot below star 8 just above the hair bun. Formerly in the fabulous type set of Norman Stack and photographed in his United States Type Coins--An Illustrated History of Federal Coinage. Subsequently sold by Norman Stack to Eric Streiner and eventually placed in the Warren Miller Collection of Eagles. (NGC ID# 262D, PCGS# 8575)

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