1797 $10 Large Eagle AU53 NGC....

Description

Attractive 1797 Large Eagle Ten, AU53
Rare BD-3 Variety

1797 $10 Large Eagle AU53 NGC. Breen-6835, Taraszka-11, BD-3, R.5. Mint records indicate 10,940 Capped Bust, Heraldic Eagle ten dollar gold pieces were struck in 1797, the first year of the design. Four die varieties are known for the year, with one variety representing the earlier Small Eagle design. The present coin is a representative of the rare BD-3 variety, characterized by the short, thin neck on the eagle. In Early U.S. Gold Coin Varieties, John Dannreuther estimates a surviving population of only 40-50 examples of this variety in all grades. As a date, 1797 eagles have been extremely popular with numismatists since the earliest times. An example appeared at auction as early as the A.C. Kline Sale (M. Thomas & Sons, 6/1855), lot 171. Unfortunately, the cataloger did not indicate the die variety of the specimen, as such distinctions were unknown at that early date.
The present coin shows some softness on the central details, but the peripheral design elements are sharply defined. The surfaces are a pleasing orange-gold color, with no notable distractions. Overall eye appeal is impressive.(Registry values: P3)

Coin Index Numbers: (NGC ID# 25ZY, PCGS# 8559, GSID# 9344)

Metal: 91.67% Gold, 8.33% Copper
Weight: 17.50 grams
AGW: 0.51577oz
Melt Value: $503.91
Gold Spot: $977/oz (05-29-2009)
Mintage: 10,940

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.

View Certification Details from NGC