1800 $10 AU58 NGC....

Description

Appealing 1800 Eagle, BD-1, AU58
Capped Bust, Heraldic Eagle

1800 $10 AU58 NGC. Breen-6842, Taraszka-23, BD-1, High R.3. Only 5,999 Capped Bust, Heraldic Eagle ten dollar gold pieces were coined in 1800, and only one variety is known for the date. The issue is more available than one would expect from the small mintage, with a surviving population of 200-300 examples in all grades. The date has been prized by collectors from the early days of the hobby, and an example appeared in the Fifth Semi-Annual Sale (Woodward, 10/1864), lot 1620. The lot followed an exquisite Uncirculated 1799 eagle and Woodward described the coin as, "1800 Nearly as fine as the last; fine impression and beautiful surface; very scarce." The lot sold for the healthy sum of $23.00 to J.O. Emery.
Woodward's lot description might well be used for the present coin. This coin is indeed a "fine impression," with the sharp strike imparting crisp definition to the breast feathers above the shield. Likewise, this example has a "beautiful surface" with bright, semiprooflike fields and luster remaining around the devices. Only a scattering of small abrasions on each side and some slight wear on the highest points of the design limit the grade. Census: 21 in 58, 46 finer (4/09).(Registry values: P2)

Coin Index Numbers: (PCGS# 8563, GSID# 9347)

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: 5,999

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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