1804 $10 Crosslet 4, BD-1, High R.4, AU58 NGC....

Description

1804 Ten Dollar Gold, AU58
Exceptional Crosslet 4, BD-1

1804 $10 Crosslet 4, BD-1, High R.4, AU58 NGC. Bass-Dannreuther Die State b/b. Both the obverse and reverse working dies have light die cracks in this die state. The 1804 Crosslet 4 BD-1 variety was the only 1804-dated die marriage struck in the year 1804, as the 1804 Plain 4 BD-2 was made for diplomatic presentation coins circa 1834 to 1835. Key Identifiers of 1804 BD-1 are the Crosslet 4 of the date numerals, and on the reverse the A(MERICA) is clear of wing, along with a die lump existing between star 1 and eagle's beak. The BD-1 reverse die was also used on the extremely rare 1803 BD-6 (6 to 10 known), struck after the 1804 BD-1, as determined by John Dannreuther. The mintage of 3,757 ten dollar coins in 1804 include a small number of 1803-dated eagles, which was a fairly common occurrence at the early United States Mint for having coins delivered with a previous year date. The year 1804 was the last year that Draped Bust ten dollar gold coins were minted for circulation, as the issue was suspended due to exportation and melting. It was not until 1838 that mintage resumed with reduced weight ten dollar gold coins.

The beautiful Draped Bust Heraldic Eagle ten dollar coins were designed and engraved by Robert Scot, with the obverse design initially engraved by Scot in 1795 when paired with the Small Eagle reverse. The Heraldic Eagle reverse was engraved beginning in 1797 for the eagle denomination. Sometimes called the Large Eagle reverse, the design was derived from the Great Seal of the United States and was used during a period of conflict with the Quasi-War and First Barbary War.

This is an outstanding near-Mint specimen of the very scarce 1804 Draped Bust eagle. Only light rub is seen on the high points, and luster grazes in the fields. The surfaces have just minor and unobtrusive contact marks. Satiny luster illuminates the fields and devices. Some striking softness typical of the issue is seen in the profile, as John Dannreuther stated "Most of the known examples of this date/variety have blunt strikes." Attractive honey-gold toning with olive overtones blanket the design of this lovely example. Only 80 to 100 examples of the 1804 BD-1 eagle are estimated to survive, and this is an exceptional representative of the issue.
From The Presidio Collection.

Coin Index Numbers: (NGC ID# BFYU, Variety PCGS# 45741, Base PCGS# 8566)

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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