1795 $10 13 Leaves, BD-1, High R.3, AU55 NGC....

Description

1795 Capped Bust Right Eagle, AU55
Historic First-Year Issue
Popular BD-1 Variety

1795 $10 13 Leaves, BD-1, High R.3, AU55 NGC. Bass-Dannreuther Die State b/a. The Philadelphia Mint struck its first circulating gold coins in 1795. After an initial mintage of half eagles, the Mint turned its attention to the ten dollar denomination and delivered its first batch of 1,097 Capped Bust Right eagles on September 22. The new coins were probably of the BD-1 variety, with star 11 near Y in LIBERTY and the leaf nearly touching U in UNITED on the reverse. The present coin represents the BD-1 variety and may have been included in the historic first delivery. A total of 5,583 Capped Bust Right eagles were struck in late 1795, and there are five known die varieties for the date. Some 1795-dated coins may have been struck early in 1796, as well.

The BD-1 is the most available 1795 variety, with a surviving population of 225-325 examples in all grades. It probably accounted for at least the 2,795 eagles delivered in five batches before November 27. It may also have been included in some later deliveries. This was the only use of the obverse die, but the reverse was used again to strike the BD-2 variety of this date.

The coin offered here is an attractive Choice AU specimen, with pleasing orange-gold surfaces that show only minor abrasions. Faint planchet adjustment marks are evident on close inspection on the obverse and reverse dentils. A small rim ding is present at 3 o'clock on the obverse and only a touch of wear is evident on the well-detailed design elements. Dentilation is weak in some areas on both sides and a thin die crack travels through most of the stars on the left. This coin should find a home in a fine date collection or type set.

Coin Index Numbers: (NGC ID# 25ZU, Variety PCGS# 45710, Base PCGS# 8551, Greysheet# 198067)

Weight: 17.50 grams

Metal: 91.67% Gold, 8.33% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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