1799 $10 Large Obverse Stars, BD-10, R.3, MS64 PCGS....

Description

1799 Capped Bust Right Eagle, MS64
Popular Early Gold Type Issue
Large Obverse Stars, BD-10

1799 $10 Large Obverse Stars, BD-10, R.3, MS64 PCGS. Bass-Dannreuther Die State a/a, no clashing, no lapping, no cracks. Mint records indicate a respectable mintage of 37,449 Capped Bust Right eagles was accomplished in 1799, with 10 die varieties known for the date. This coin represents the BD-10 variety, with Large Stars on the obverse, a leaf touching the right foot of the I in AMERICA, and the lowest berry below the right foot of the final A. The obverse die was used previously to produce the other Large Stars variety of this date, BD-9. This was the first use of the reverse die, but it was used again to strike the BD-1 variety of 1800 (the only variety of that date), and the rare BD-1 variety of 1801. The BD-10 is a relatively plentiful variety and a popular choice of early gold type collectors. John Dannreuther estimates the surviving population at 300-400 examples in all grades. The BD-10 dies probably struck 12,500-17,500 examples of the reported mintage.

Wealthy early collectors avidly collected Capped Bust Right eagles and the 1799 date was among their favorites. Students of the series, like Captain John W. Haseltine and John Colvin Randall, had identified both Large Stars varieties by 1885, when Randall sold his collection through Boston coin dealer W. Elliot Woodward. In the June 1885 catalog of the collection, Woodward classified the two varieties as No. 2 and No. 4, probably using notes from Randall, and noted the same obverse die was used for both varieties. The coins, offered in lots 853 and 855, both realized $200, a strong price for the time. Recent sales of the BD-10 include the MS64 PCGS example in lot 5388 of the Central States Signature (Heritage, 4/2015), which realized $141,000.

The present coin is a remarkable Choice example, with sharply detailed design elements and well-preserved apricot-gold surfaces that show only minor signs of contact. Much original mint luster remains intact and overall eye appeal is outstanding. This coin should find a home in a fine collection or type set. Population (all varieties): 28 in 64 (2 in 64+), 8 finer (9/19).
From The Kodiak Collection.

Coin Index Numbers: (NGC ID# 2625, Variety PCGS# 45723, Base PCGS# 8562, Greysheet# 198075)

Metal: 91.67% Gold, 8.33% Copper
Weight: 17.50 grams
AGW: 0.57oz
Mintage: 37,449

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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