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    Description

    1795 Capped Bust Right Eagle, AU58
    First Date of Denomination
    13 Leaves, BD-1 Variety

    1795 $10 13 Leaves, BD-1, High R.3, AU58 PCGS. Bass-Dannreuther Die State c/b. Ten dollar gold coins were minted for the first time in 1795, with a reported mintage of 5,583 pieces. There are five known varieties for the date, four with 13 leaves on the palm branch and a rare variety with nine leaves. The present coin represents the more available BD-1 variety, with the 5 in the date overlapping the bust, star 11 near Y in LIBERTY, and a leaf nearly touching the U in UNITED. John Dannreuther estimates the BD-1 variety accounted for approximately 2,795-5,583 pieces of the reported mintage. Some 1795 dated coins from the other varieties may have been struck in 1796. The BD-1 has an estimated surviving population of 225-325 examples in all grades.

    The early eagles are the only high denomination gold coins that have been popular with collectors since the early days of the hobby. Numismatists began to study the varieties of this series at an early date. In the Randall Collection (W. Elliot Woodward, 7/1885), the cataloger listed four different varieties of 1795 half eagles including the coin in lot 842 that sounds like an example of the BD-1. The lot description reads, "1795 No. 2; small eagle reverse, in the olive branch the turned up leaf touches the U; very fine indeed, almost proof surface, rare." Notice the cataloger mistook the palm frond for an olive branch. More recent auction offerings include the NGC-graded AU58 coin in lot 4193 of the Long Beach Signature (Heritage, 2/2018), which realized $78,000.

    The present near-Mint coin is attractive, with just a touch of wear on the well-detailed devices. The surfaces are a pleasing light greenish-gold color, with only minor abrasions. Satiny mint luster is present on both sides and the surfaces show small patches of prooflike reflectivity in sheltered areas. Population (all 13 Leaves varieties included): 29 in 58, 45 finer (2/19).
    Ex: Chicago Signature (Heritage, 8/2011), lot 7588, which realized $83,950. (NGC ID# 25ZU, Variety PCGS# 45710, Base 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.

    Auction Info

    Auction Dates
    April, 2019
    25th-28th Thursday-Sunday
    Bids + Registered Phone Bidders: 19
    Lot Tracking Activity: N/A
    Page Views: 1,238

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