1795 Eagle, AU53
1795 $10 13 Leaves AU53 NGC. BD-1, High R.3.
Bass-Dannreuther Die State b/b, with the die crack from stars 5
through 9. The U.S. Mint struck gold coins for the first time in
1795, producing 8,707 half eagles and 5,583 ten dollar gold pieces.
There are five different die varieties known for the 1795 dated
eagles, all employing the Capped Bust Right obverse and the Small
Eagle reverse motifs.
13 Leaves, BD-1 Variety
First Date of Denomination
The present coin represents the BD-1 variety, with the 5 in the date overlapping the bust, star 11 positioned close to Y in LIBERTY, and a leaf nearly touching U in UNITED. The obverse must have suffered some terminal injury, as the BD-1 is the only variety to employ this die. The reverse was used again on the BD-2 emission. The BD-1 is the most available of the five varieties, probably accounting for at least 2,795 pieces of the reported mintage. John Dannreuther estimates the surviving population at 225-325 pieces in all grades.
As a date, the 1795 eagle has been popular with collectors since the earliest days of the hobby. The 1795 appeared at auction as early as the A.C. Kline Sale (Moses Thomas & Sons, 6/1855), lot 169. The coin in that lot was cataloged as a proof, but it was undoubtedly a business strike with prooflike surfaces, which are often seen on the 1795 eagle. More recent auction appearances of the BD-1 1795 eagle in AU53 include the coin in lot 5538 of our Denver ANA Signature (Heritage, 8/2006), which realized $115,000.
The coin offered here is an attractive AU53 example that shows just a few touches of wear on the well-detailed design elements and retains much of its original mint luster. Some insignificant adjustment marks are confined to the lower reverse dentils, and the pleasing greenish-gold surfaces show only minor signs of contact. We expect spirited competition from early gold specialists when this lot is called.(Registry values: P5) (NGC ID# 25ZU, PCGS# 8551)
Weight: 17.50 grams
Metal: 91.67% Gold, 8.33% Copper
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