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    Choice AU 1795 13 Leaves Ten Dollar

    1795 $10 13 Leaves AU55 NGC. Breen-6830, Taraszka-1, BD-1, High R.3. Die State a, perfect dies. The first die marriage of the ten dollar or eagle denomination, which until 1849 was the largest gold denomination. Since the reverse die is shared with BD-2, BD-1 is identified by star 11, which virtually touches the Y in LIBERTY.
    Although the First Philadelphia Mint struck it first coins in March 1793, only copper coins were produced that year. Silver coinage began in October 1794 with the 1794 Flowing Hair half dollar and dollar. The first gold coin, a half eagle, was struck on July 31, 1795. Production of the 1795 eagle began two months later, on Sept. 27, 1795. The delay of eighteen months between the emissions of the AMERI. cent and the 1795 half eagle was mostly due to high surety bonds required of Chief Coiner Henry Voight and Assayer Albion Cox. Neither could afford to pay the $10,000 bonds, which were reduced by the Act of March 3, 1794 to $1,000 for the chief coiner and $5,000 for the assayer. Further obstacles were the lack of gold bullion in the United States, and the unduly low gold-to-silver ratio, which made gold coins worth more than their face value and thus removed them promptly from circulation.
    This is an evenly struck khaki-gold representative. Slight wear is present on the eagle's breast and neck, as well as on Liberty's forehead, nose tip, and shoulder. Luster dominates Liberty's hair, the eagle's wings, the wreath, and the palm branch, and also fills the stars and legends. Minor mint-made laminations are present from star 14 to the bust, on Liberty's neck, and from the rim to the I in LIBERTY. As expected for its brief circulation, the fields display faded and faint abrasions, which are somewhat more prevalent near the left border of the two major devices. The absence of adjustment marks or obvious identifying abrasions gives the piece greater eye appeal than many of its peers.
    From The Laguna Niguel Collection, Part One.(Registry values: P5) (NGC ID# 25ZU, PCGS# 8551)

    Weight: 17.50 grams

    Metal: 91.67% Gold, 8.33% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Laguna Niguel Collection, Part One ]

    Auction Info

    Auction Dates
    August, 2007
    8th-10th Wednesday-Friday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
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