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1796 $10 AU58 PCGS. Breen-6832, Taraszka-6, BD-1, R.4. ...
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1796 BD-1 Small Eagle Ten, AU58
Usual Early State, Cracked Obverse Die
1796 $10 AU58 PCGS. Breen-6832, Taraszka-6, BD-1, R.4.
Bass-Dannreuther Die State c/b. The obverse has a vertical die
crack through the bust, beginning in the field below the E of
LIBERTY, and ending at the bust line over the 9 in the date. The
reverse has faint clash marks. It is possible that this cracked
obverse die state is actually the earliest found on 1796 eagles, as
Dannreuther notes the two earlier die states may not exist. The
present specimen is a "true" 1796 eagle, struck in that year. Some
later die states were struck the following year, after the coinage
of 1797 Small Eagle pieces that used the same reverse die.Production of gold began at the Philadelphia Mint with half eagles and eagles in the summer of 1795, and continued into 1796 when quarter eagles were added to the coinage arsenal. The largest denomination at the time was the ten dollar gold piece, known as the eagle, since larger double eagles waited for more than half a century.
This example is a little below the Condition Census for 1796 eagles, as a dozen Mint State pieces may exist, and 125 to 150 survive in all grades. This impressive specimen has satiny luster with an impressive blend of lemon-yellow, lime-green, and pale blue toning on each side. The strike is excellent with light wear obliterating some of the eagle's feathers at the central reverse. A few trivial surface marks are evident, but the overall appearance and eye appeal is first rate. Population: 11 in 58, 11 finer (9/11).(Registry values: P6)
Coin Index Numbers: (NGC ID# BFYM, PCGS# 8554)
Weight: 17.50 grams
Metal: 91.67% Gold, 8.33% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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