1803 $10 Large Stars Reverse XF45 PCGS....

Description

R.7 1803 Large Stars Reverse Eagle
BD-6, XF45
Last Circulating Eagle Struck Until 1838

1803 $10 Large Stars Reverse XF45 PCGS. Breen-6846, Taraszka-32, BD-6, R.7. BD Obverse State h/Reverse State c. This is an extremely rare early eagle, the last struck in fact, coming after the 1804 BD-1 that employs this same reverse. The Bass-Dannreuther reference calls this "backdated issue" the "other early eagle variety missing from the Bass collection." In reality the 1803 BD-6 was the only variety never in the core collection, as the 1803 BD-4, the "other eagle missing," was in the collection and sold in error. As if that were not sufficient evidence for the rarity of this variety, Bass-Dannreuther estimate that only six to 10 specimens survive of the 1803 BD-6.
One obverse is shared between the six varieties of 1803 eagles. The reverse here is attributed by the absence of an extra star on the last cloud, the arrowheads that point past the end of the N in UNITED, and a leaf point ending between R and I. All of the inner left serifs are missing on the right feet of the A's, as well.
As noted, this reverse was reused after the striking of the 1804 Crosslet 4 eagle, BD-1, which shows die cracks through the top of UNITED and from the top left of UNITED through the tail feathers, to the top of the last A in AMERICA. On the 1803 BD-6, another bold, heavy die crack extends upward from that last crack, through the fletchings and to the eagle's leg where it joins the shield. That last crack is apparently the one that presaged the end of the useful life of this die. It was President Thomas Jefferson's 1804 mandate the caused the cessation of the denomination altogether until 1838, as the melt value had exceeded the face value.
Much luster remains on the surfaces of this Choice XF coin, and a couple of reddish tinges on each side accent the predominating yellow-gold coloration. Minor adjustment marks appear in the clouds below ES, and a small planchet void, as made, occurs just left of the first T in STATES. Otherwise there are only some scattered minor, grade-consistent abrasions that do nothing to dampen the appeal of this historic and incredibly rare early eagle.
From The R.M. Phillips Limited Partnership Collection.(Registry values: P3)

Coin Index Numbers: (NGC ID# 262A, PCGS# 98565, GSID# 9351)

Metal: 91.67% Gold, 8.33% Copper
Weight: 17.50 grams
AGW: 0.51577oz

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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