Description

    About Uncirculated 1795 Eagle, A Desirable First-Year Issue

    1795 $10 AU 53 NGC. B. 4-B. Despite its status as the nation's gold monetary unit, the eagle enjoyed less popularity within financial circles than the smaller half eagle. This disparity was evident since the introduction of both denominations in 1795. As the half eagle had a similar value to foreign gold coins of the period, the Philadelphia Mint concentrated its earliest gold coinage efforts on that denomination. When the government finally initiated eagle production on September 22, 1795, only 5,583 1795-dated pieces were produced between that date and March 30, 1796. In stark contrast, the Mint's initial delivery of 8,707 half eagles was achieved in a much shorter time frame between July 31 and September 16, 1795. Regardless of its limited appeal to banks and merchants, the size of the eagle made it an impressive coin. As a result, curious American citizens saved many examples as first-year souvenirs, but numismatic scholars stress that fewer than 3% of the original mintage survives today in all levels of preservation.
    The typical 1795 eagle in today's numismatic marketplace is apt to grade no higher than XF 40. The current specimen, however, displays enough remaining definition to fit comfortably within the About Uncirculated grade tier. Both sides are uniformly reflective and display the modest prooflike finish that typifies the issue. The die lump in the reverse field between OF and AMERICA is diagnostic of this scarcer variety, although both the obverse and the reverse are free of unduly bothersome circulation impairments. Curiously problem-free for an early gold coin, this lightly worn example would do justice to any advanced collection.
    From the Joseph J. Abbell Collection of U.S. Gold Coins. (NGC ID# 25ZU, 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 Joseph J. Abbell Collection ]

    Fees, Shipping, and Handling Description: (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2000
    7th-10th Friday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 289
    Sold for: Sign-in or Join (free & quick)

    Floor auctions

    Open for bidding: (View All)

    Fine Art
    Ends on 01/30/2018

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 23 days left to consign to the 2018 March 29 - April 2 US Coins Signature Auction - Dallas!

    Learn about consigning with us

    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
    The Estate of David M. Faraday ,
    San Rafael, CA
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 January 3 - 8 FUN US Coins Signature Auction - Tampa
    2018 January 3 - 8 FUN US Coins Signature Auction - Tampa
    REALIZED $40,949,094
    2018 January 16 - 17 NYINC World Coins Signature Internet Auction - New York
    2018 January 16 - 17 NYINC World Coins Signature Internet Auction - New York
    REALIZED SO FAR $2,388,416
    2018 January 4 - 8 FUN World Currency Signature Auction - Tampa
    2018 January 4 - 8 FUN World Currency Signature Auction - Tampa
    REALIZED $1,647,961