1799 $10 Small Obverse Stars, BD-4, High R.6, MS63 PCGS. CAC....

Description

1799 Draped Bust Eagle, MS63 CAC
Very Rare BD-4, Condition Census

1799 $10 Small Obverse Stars, BD-4, High R.6, MS63 PCGS. CAC. Bass-Dannreuther Die State b/e. The very rare BD-4 die marriage attribution key identifiers are a close 17 in the date, and for the reverse the O in OF is centered over the right part of cloud. This coin is the same die state as the Bass-Dannreuther plate coin with light obverse and reverse die cracks, and because of the rarity, Harry Bass was unable to find a BD-4 with either an earlier or later die state. In 2006, John Dannreuther had estimated only 8 to 12 survivors, an R.7 rarity at that time. Currently, there are at least 17 known, giving a BD-4 rarity rating of R.6 plus.

The iconic Draped Bust design for gold denominations was beautifully engraved by Robert Scot in 1795, introduced on the half eagle, and next used on the eagle, and in 1796 on the quarter eagle denomination. The initial Small Eagle reverse gold design for five dollar and ten dollar denominations was replaced by the Heraldic Eagle in 1797, after being introduced on the quarter eagle in 1796. Chief Engraver Robert Scot was very busy during these years, engraving designs for all ten denominations in 1796 that had been specified by the Coinage Act of 1792. Scot also engraved the Heraldic Eagle reverse for eight coin denominations, along with engraving the First Federal Issue of embossed revenue stamp dies, in 15 different designs including the Heraldic Eagle during 1797 and 1798. The revenue stamp dies were used to help finance the cost of building warships for the undeclared Quasi-War with France, and the Heraldic Eagle designs for coins and stamps gave an authoritative and defiant expression of national identity for the United States.

Natural deep yellow-gold toning with olive hues and amber highlights gives an exceptionally attractive appearance. Very light adjustment marks are observed in the shield and upper reverse, but do not detract from the superb eye appeal of this coin. Only scattered small marks are seen, less than typically encountered for this grade. The strike is solid, with all design elements having good definition. Frosty luster beams throughout the surfaces. This excellent CAC endorsed specimen is within Condition Census for the very rare BD-4 die pairing. PCGS Population: 1 in 63 (1 in 63+), 0 finer (3/25).
From The Texas Republic Ranch Collection.

Coin Index Numbers: (Variety PCGS# 45727, Base PCGS# 98562, Greysheet# 198079)

Weight: 17.50 grams

Metal: 91.67% Gold, 8.33% Copper

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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