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Lot
8746

1844 $10 AU55 PCGS. Only 6,361 pieces were struck of the ...

2003, Orlando, FL. (FUN) Signature Sale #308

 
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Auction Ended On: Jan 10, 2003
Item Activity: 4 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Very Rare Choice AU 1844 Eagle
1844 $10 AU55 PCGS. Only 6,361 pieces were struck of the 1844 Ten Dollar. This low mintage gives one a good indicator of its rarity, but it is only part of the reason so few high grade examples are known today. The years from 1838 through 1844 were years of unemployment and starvation. As a result, gold coins of this era were generally not set aside for long as they represented so much in terms of purchasing power at the time. The 1844 is considered "prohibitively rare" in XF by Breen. Only a couple of coins are known in mint condition and AU pieces are of the greatest rarity and importance. This piece shows bright green-gold surfaces with a slight overlay of reddish patina. Similar to the Warren Miller AU50 coin we sold more than five years ago, this piece also has planchet depressions that radiate outward from the figure of Liberty and approach stars 2 and 12. An angling mark below the eagle's beak is noteworthy for pedigree purposes. (NGC ID# 262S, PCGS# 8590)

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