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    Description

    1798/7 Eagle, Stars 9x4, MS62
    Strong Overdate, BD-1, Very Rare
    Among the Few Finest Known

    1798/7 $10 9x4 Stars, BD-1, High R.4, MS62 NGC. Bass-Dannreuther Die State c/b. The Mint's penchant for getting the most out of its dies -- without being overly concerned with the date on the coins -- was on display across several denominations in 1798. 1797 silver dollars come to mind, where the late die state 9x7 Large Letters silver dollars were actually struck and delivered in 1798. Gold eagles were struck dated both 1798 and 1797 during the year as well. All of the 1798 tens are overdates, a feature that was of little concern to the Mint, but a source of great interest to today's collectors.

    Numerous die cracks run through the obverse of this rare Mint State 1798 eagle, most prominently one from the rim through L of LIBERTY, faintly through the hair, to the field before stars 3 and 4. Another crack splits off from the first and runs forward into Liberty's spitcurl and face. Die clashing from the reverse shield is visible within the cap. The reverse shows light cracks connecting UN and TED.

    The piece shows a few stray, thin contact marks in the fields and on the neck of Liberty, consistent with the MS62 grade. Some minor die-grease areas appear on the reverse, as made at the Mint. Rich orange-gold and wheat-gold coloration and overall good preservation make this coin a desirable and appealing example of this very rare early gold variety.

    Only two die marriages are known for the 1798/7 eagles, the BD-1 with stars arranged 9x4 and the BD-2 with stars arranged 7x6. The BD-1 1798/7 eagle is the only one among the early eagles to employ the 9x4 star arrangement. The BD-1 is estimated by Bass-Dannreuther to survive to the extent of 80 to 100 pieces in all grades, but even so it is far more available than the BD-2, with an estimated survival of only 20-30 pieces, making it a Low R.6 die pairing.

    Of course, when one adds in the factor of conditional rarity, the present 1798/7 eagle in MS62 NGC is among the few finest survivors of its issue. NGC reports two examples in this grade with a single MS63 finer. PCGS also reports a single MS62 example of the BD-1 with none finer (2/15).
    From The New Orleans Collection. (NGC ID# BFYR, Variety PCGS# 45720, Base 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.

    View all of [The New Orleans Collection ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 32
    Lot Tracking Activity: N/A
    Page Views: 1,481

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