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    Description

    1795 Ten Dollar, Near-Mint
    Important First-Year Gold Issue
    13 Leaves, Rare BD-5

    1795 $10 13 Leaves, BD-5, R.5, AU58 NGC. Bass-Dannreuther Die State e/c. According to Mint records, only 5,583 Capped Bust Right eagles were struck in 1795, the first year any gold coins were produced under U.S. government authority. Five die varieties are known for the date. This coin represents the final variety, BD-5, with star 11 away from Y in LIBERTY and the leaf distant from U in UNITED on the reverse. The BD-5 is a very scarce variety, with a surviving population of 35-45 examples in all grades. It probably accounted for 500-1,000 pieces of the reported mintage. The obverse die had been used previously to strike the BD-2 and BD-3 varieties of this date, and the reverse die had been used to produce the BD-4 variety.

    As the first date of the denomination, the 1795 eagle has been a collector favorite since the earliest days of the hobby. Examples began appearing at auction as early as lot 169 of the A.C. Kline Sale (Moses Thomas & Sons, 6/1855), where a "proof" specimen of this date realized a strong $13. Interest in die varieties of early U.S. gold coins developed by the 1880s, and John Colvin Randall had identified four varieties of the 1795 Capped Bust Right eagle by the time he sold his collection through W. Elliot Woodward in June of 1885. The coin in lot 844 of the Randall catalog might have been a BD-5, as the cataloger noted the attenuated stars this variety is known for, "1795 No. 4; small stars; reverse, eagle with olive wreath; very rare variety." Recent sales of the BD-5 include the spectacular MS65 PCGS specimen in the Chicago Signature (Heritage, 8/2014), lot 5661, which realized $881,250.

    The present coin is an impressive near-Mint specimen, with well-detailed design elements and lightly abraded antique-gold surfaces. The outer points of the obverse stars are severely shortened, due to lapping. Some faint planchet adjustment marks are evident on the obverse but much original mint luster remains intact and traces of prooflike reflectivity are seen in selected areas. The overall presentation is most attractive for this rare and important first-year issue. (NGC ID# 25ZU, Variety PCGS# 45713, 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
    January, 2018
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
    Page Views: 412

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