1796 $10 BD-1, R.4 -- Damaged, Whizzed -- NGC Details. AU....

Description

1796 Ten Dollar, AU Details
BD-1, Only Dies for the Date

1796 $10 BD-1, R.4 -- Damaged, Whizzed -- NGC Details. AU. Bass-Dannreuther Die State c/b, with a die crack from E in LIBERTY to the cap. All 1796-dated eagles show 16 stars on the obverse, indicating they were struck after Tennessee became the 16th state on June 1 of that year. According to Mint records, the Philadelphia Mint struck a modest production of 4,146 Capped Bust Right eagles that year. Die evidence suggests some more 1796-dated coins were actually struck in 1797. It was not unusual for the Mint to continue using dies as long as they were serviceable, regardless of the calendar year. A single die variety is known for the date. This was the only use of the obverse die but the reverse die was used again to strike the BD-1 variety in 1797. The 1797-dated BD-1 eagles show the reverse in an earlier state than the final die state of 1796, indicating a remarriage of the 1796 dies took place in 1797. The 1796 Capped Bust Right eagle is more elusive than its 1795-dated counterpart, which has five known die varieties. John Dannreuther estimates the surviving population at 125-175 examples in all grades today. The present coin exhibits AU sharpness on the strongly impressed design elements and most interior detail remains intact. Unfortunately, the lightly abraded orange-gold surfaces show much porosity, with evidence of whizzing.

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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