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    Description

    1795 13 Leaves Ten Dollar, BD-1, MS63
    Important First-Year Type Coin
    With CAC Approval, Seldom Seen Finer

    1795 $10 13 Leaves, BD-1, High R.3, MS63 PCGS. CAC. Bass-Dannreuther Die State b/a. Stars 9, 8, and 7 show a wispy connecting die crack, but it has not progressed further, and the reverse shows no signs of cracks in this early state. Simply stunning high quality is on ample display in this 1795 13 Leaves eagle, certified MS63 by PCGS and with the CAC green approval sticker. The generous luster visible throughout both sides complements the prevailing bright yellow-gold color, which mellows to deeper amber-gold on the peripheral characters and some of the device high points. Only a few hair-thin marks appear on each side, falling into the category of complete quibbling in context of the overall high aesthetic and technical appeal. Two small contact points appear in the left obverse field, out from stars 4 and 5. A few faint planchet adjustment marks are limited to the dentils at the upper-reverse rim, as though extra effort were being made on the part of the unknown Mint planchet adjuster to keep from marring the (to-be, when struck) aesthetics of this piece. We are not suggesting that this coin is any kind of specimen strike, but the faint and well-placed planchet adjustment marks might suggest that the Mint personnel in 1795 were well aware of the importance of these first and largest-denomination gold coins.

    This piece is an example of the BD-1 die marriage, one of four pairings for 1795 that fit into the 1795 Stars 10x5, Small Eagle reverse, 13 Leaves category. The three other die combinations in this category are the BD-2, BD-4, and BD-5, and the outlier is, of course, the very rare BD-3, 9 Leaves variety.

    The BD-1 die marriage is attributed by the distinctive obverse, not shared among any other eagle varieties of the year. The date is the most closely spaced of the three obverse dies known for 1795, showing the tip of the 1 close to the curl and the flag of the 5 overlapping the lower bust. A star point virtually touches the Y of LIBERTY, and the five right-side stars are quite cramped (the 10 left-side stars are scarcely in better shape, too, for that matter). The reverse die, which is shared with the BD-2 variety, shows a lower palm leaf touching the U(NITED).

    Among these four 13 Leaves varieties, the BD-1 die variety is rated High R.3, the most (forgive the expression) "common" without regard to condition. The Bass-Dannreuther early gold reference estimates that 225 to 325 examples survive in all grades of this variety, compared to the far-smaller survival numbers for the BD-2 (High R.4, 90-110 survivors), BD-4 (R.5, 60-80 survivors), and the BD-5 R.5 (35-45 survivors). This make the BD-1 variety the eager, pursued target for legions of collectors who seek top-notch examples such as this for purposes of type collecting. For all 1795 13 Leaves varieties (the majority of them undoubtedly the BD-1), PCGS reports 10 in MS63 (including one MS63+) with only six finer (2/15). NGC data show two MS63 with five finer.
    Bidders may have to wait for years to acquire an example of this popular and important type coin in finer grades than this piece. An MS63 PCGS-CAC example of the BD-1 in our FUN Signature (Heritage, 1/2013), lot 5895, sold for $282,000. The same piece in our Baltimore Signature (Heritage, 3/2009), lot 3055, brought $322,000. An MS63 PCGS-CAC example of the BD-1 in Stack's Bowers' offering of the Minot Collection (5/2008), lot 4291, brought $402,500. Watch the bidder cards fly when this lot is offered.
    From The New Orleans Collection.

    Coin Index Numbers: (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.

    View all of [The New Orleans Collection ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 25
    Lot Tracking Activity: N/A
    Page Views: 3,929

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    I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
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