1795 $10 13 Leaves, BD-1, High R.3, MS61 NGC. CAC....
Description
1795 BD-1 Eagle, MS61
First of the Denomination
1795 $10 13 Leaves, BD-1, High R.3, MS61 NGC. CAC.
Bass-Dannreuther Die State a/a with no evidence of clash marks, die
cracks, or lapping. This piece is one of the earliest 1795 BD-1
eagles and among the first of its kind. John Dannreuther records
this die pair first among all five 1795 eagle varieties.Following Congressional approval of the Mint Act of 1792, a small number of half dimes were coined alongside a few 1792 pattern issues. The first copper coins were struck in 1793, the first silver coins in 1794, and finally, gold coins in 1795. Those gold coins include half eagles that were struck in July 1795, eagles in September 1795, and quarter eagles in September 1796.
Utilizing the extensive notes of Harry W. Bass, Jr., the observations of other earlier observers, and his own experience, John W. Dannreuther created an emission sequence for the 1795 eagles and presented his varieties in that production order, proving that the 1795 BD-1 eagles were the first of the denomination.
Examination of surviving coins also shows that the BD-1 eagles represent approximately half of all surviving coins dated 1795. It is possible, perhaps likely, that all the eagles struck from September 22, 1795, through November 27, 1795, a total of 2,795 coins, were from this first die marriage. Additional BD-1 eagles may have been struck during the first quarter of 1796. In our opinion, the early die states of 1795 BD-1 are "true" 1795 eagles, meaning that they display the 1795 date and were struck in 1795.
This lustrous Mint State piece has the usual scattered marks that are consistent with the grade. The lovely yellow-gold surfaces exhibit pale rose overtones with excellent eye appeal. Light adjustment marks are noted along the reverse border from 5 o'clock to 9 o'clock. Census: 22 in 61, 34 finer. CAC: 2 in 61, 7 finer (8/25).
From The Hawkeye Collection.
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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