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    Description

    1796 BD-1 Eagle, MS61
    Important Early Eagle Issue
    Sole Variety for the Year

    1796 $10 BD-1, R.4, MS61 PCGS. Bass-Dannreuther Die State c/b. The reverse is lightly clashed; on the obverse, a prominent die crack runs downward through Liberty from the field beneath E, through the cap, and across the portrait to near the bottom bust edge. Beautiful amber-gold coloration complements surfaces that mostly show light field chatter rather than mentionable contact, the chief exception being a thin mark that runs from star 12 through Liberty's mouth, hair, and to the left obverse field near star 2. There are no visible planchet adjustment marks on either side, adding to this piece's broad eye appeal. The color deepens even further to orange-brown patina on some of the device high points, an appealingly original appearance.

    Only a single known die pair was employed to strike the 1796 eagles with Small Eagle reverse, which Bass-Dannreuther estimate were made to the extent of about 3,500 to 4,100 pieces. Rated R.4 or very scarce according to Bass-Dannreuther, the 1796 eagles with Small Eagle are far rarer grade-for-grade than their predecessors, the 1795 Small Eagle tens. The stars on the 1796 pieces are arranged in a balanced 8x8 star arrangement on each side, made possible by the engraver's placing the LI of LIBERTY over the cap (the entire word is right of the cap on the 1795 obverses). The 16 stars are, of course, acknowledgment of the admission of Tennessee into the Union on June 1, 1796.

    Including this coin, PCGS reports only 11 submissions in all Mint State grades: one MS60, five MS61 including this piece, three MS62 (including one MS62+), and two MS63. This is a compelling opportunity for advanced collectors to add this important single-variety year to their complete date or variety sets.
    From The New Orleans Collection. (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 New Orleans Collection ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
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