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    Description

    1804 Crosslet 4 Eagle, BD-1, MS63
    Popular Final Year of Issue
    Conditionally Rare, Tied for Finest at PCGS

    1804 $10 Crosslet 4, BD-1, High R.4, MS63 PCGS. CAC. Bass-Dannreuther Die State b/b. The year 1804 is one of immense allure among collectors, popularized by a plethora of low mintages across most denominations. The 1804 eagle is one of the more highly heralded of those issues, partly due to the scarcity and allure of the Draped Bust eagle type in general. It exists in two varieties, easily differentiated by the presence of either a Crosslet 4 or a Plain 4 in the date. The Plain 4 pieces are proof restrikes, produced in the 1830s for inclusion in diplomatic proof sets, and are virtually uncollectible due to their incredible rarity. The Crosslet 4 pieces are the originals, struck in 1804, and survive in "large" enough quantities to be obtainable by the patient -- and well-funded -- collector.

    Interestingly, the 1804 BD-1 issue was not the final variety of this denomination struck for circulation, even though it is the final-year issue. The reverse die was also employed for the very rare 1803 BD-6 variety, where it is seen in a later die state. Moreover, the advanced breakage of the 1804 BD-1 obverse die in its later stages supports the possibility that it was retired before production was completed. Rather than prepare a new obverse, a leftover 1803 obverse was apparently employed for the remainder of the circulation strike Draped Bust coinage. Thus, some of the 3,757 eagles struck in 1804 were likely dated 1803. John Dannreuther estimates the number of 1804 BD-1 eagles actually struck may be as low as 2,500 pieces, and suggests the overall survival to be only in the 80 to 100-coin range.

    This piece is in a very late stage of this later die state, with the obverse near terminal. The crack from star 1 to the date is more advanced, extending through star 6. Another crack runs along the bottom of the bust and connects stars 11 through 13. Yet another extends from the rim near star 11 to Liberty's mouth and another protrudes from the nose into the field. There is a break beginning at the right serif of the T in LIBERTY, and several areas of die crumbling are evident around the E in the same word and in the field above Liberty's head.

    As is typical of this variety, portions of the obverse bust and a couple stars are not fully brought up, and the remnants of faint adjustment marks (mint-made) are evident over the high points of the central device. The reverse is slightly sharper, but with minor weakness noted around the shield edges and among the upper stars and right-hand clouds. Shimmering green-gold luster illuminates both sides, and the surfaces are largely devoid of significant distractions, giving this Select Mint State piece pleasing eye appeal.

    This piece is notably a full grade point finer than any other 1804 eagle we have previously offered, and it is tied with one other as the finest at PCGS; NGC reports an additional five coins in this grade, with a single MS64 piece numerically finer (2/15). Another opportunity to acquire an example of this caliber may not come available again for quite some time. The prospective collector should bid accordingly. Housed in a green label holder.
    From The New Orleans Collection.

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

    Weight: 17.50 grams

    Metal: 91.67% Gold, 8.33% Copper


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    View Certification Details from PCGS

    Auction Info

    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
    Page Views: 1,552

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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
    Thomas M.,
    Salt Lake City, UT
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