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    Description

    Elusive 1798 BD-1 9x4 Stars Eagle, AU58

    1798/7 $10 9x4 Stars AU58 NGC. BD-1, High R.4. The obverse has a crack from the border through L to the cap, curving down to the left and emerging from the hair opposite star 4. A second crack from the border to the upright of R crosses the lower part of the forecurl and forehead, meeting the first crack in the upper hair strands. A third crack extends down to the cheek, and light clash marks can be seen in the cap.
    The reverse die is the same die that was also used for 1797 BD-3. This overdate has a faint crack through the tops of UN and another through TED. The die state is actually earlier than seen on the 1797 eagles, proving that those coins were struck no earlier than 1798, and possibly in 1799.
    At one time, both of the 1798 eagle varieties were considered major rarities. In his United States Eagles monograph published in the mid-1960s, Walter Breen wrote about BD-1: "There are apparently 17 or 18 specimens in existence. I have checked through over 500 auction catalogues and this conclusion appears unassailable."
    Today, only the BD-2 overdate, with stars arranged 7x6, remains rare. It is believed that about 80 to 100 examples of BD-1 and 20 to 30 examples of BD-2 still survive. John Dannreuther provides up-to-date information about BD-1: "Only 80 to 100 examples of this variety are thought to exist, making it merely scarce among early eagles, although the strong overdate and 18th-century date make it immensely popular with collectors."
    This piece exhibits nearly full frosty green-gold luster with excellent mint brilliance. A few scattered marks and scrapes are evident on each side, but they are generally of little consequence. A tiny reverse rim nick at 6 o'clock may assist in tracking the prior provenance of this piece. Census: 11 in 58, 9 finer (7/08).(Registry values: P7) (NGC ID# 4UPT, PCGS# 8560)

    Weight: 17.50 grams

    Metal: 91.67% Gold, 8.33% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    Jul-Aug, 2008
    30th-3rd Wednesday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 371

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