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    1796 Capped Bust Right Eagle, AU58
    Elusive Small Eagle Ten
    BD-1, Only Dies for the Date

    1796 $10 BD-1, R.4, AU58 NGC. CAC. Bass-Dannreuther Die State c/b. According to the 2020 Guide Book, 4,146 Capped Bust Right eagles were produced in 1796, but some of those coins may have been struck from leftover dies from 1795, and it is almost certain that some 1796-dated eagles were struck in 1797. Only one die variety is known for the date. This was the only use of the obverse die, but the reverse was used again to strike the BD-1 variety of 1797. Die evidence suggests that after the 1797 Small Eagle coins were struck, the obverse and reverse dies from 1796 were remarried and used to strike a few more coins of that date. John Dannreuther estimates the mintage of 1796-dated coins may have been as low as 3,500 pieces, with a surviving population of 125-175 examples in all grades.

    This is a remarkable near-Mint example with brilliant yellow-gold surfaces, prooflike fields, and scattered surface marks. Both sides have faint greenish tendencies, and the reverse has splashes of pale lilac color. A few scattered minor abrasions and faint hairlines are evident, but are of little consequence. This example represents the usual die state for 1796 eagles, with an obverse die crack from the field below E, down through the cap, hair, and bust, ending at the lower bust line. Faint clash marks are evident above the date and in the wreath, on the reverse. The design elements are well-detailed and some faint planchet adjustment marks are evident in Liberty's lower curls, on close inspection. The overall presentation is most attractive. Census: 26 in 58, 14 finer. CAC: 4 in 58, 1 finer (8/19).
    Ex: Denver Signature (Heritage, 8/2006), lot 5540, realized $103,500.
    From The Lockhart Collection, Part III. (NGC ID# BFYM, Variety PCGS# 45715, Base 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.

    View all of [The Lockhart Collection, Part III ]

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 19
    Lot Tracking Activity: N/A
    Page Views: 796

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