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    Description

    1795 Capped Bust Right Eagle, AU53
    First Year of U.S. Gold Coinage
    13 Leaves, BD-5 Variety

    1795 $10 13 Leaves, BD-5, R.5, AU53 PCGS. Bass-Dannreuther Die State e/c, with a tiny die crack at the point of star 13, the outer points of stars 1, 2, 9, 10, 11, 12, and 15 shortened by lapping, and a die lump near the reverse rim at 2 o'clock. The United States Mint struck gold coinage for the first time in 1795 and a small mintage of 5,583 Capped Bust Right eagles was accomplished. Five die varieties are known for the date. This coin represents the elusive BD-5 variety, with star 10 away from the cap and the leaf not touching U in UNITED on the reverse. The BD-5 is the second rarest variety of the date, following the famous "9 Leaves" BD-3. Probably no more than 35-45 examples of the BD-5 are extant in all grades today. John Dannreuther believes the BD-5 dies struck 500 to 1,000 pieces of the reported mintage. This was the final use of both dies, but the obverse had been used previously to strike the BD-2 and BD-3 varieties of this date and the reverse was used to produce the BD-4 variety.

    The 1795 eagle has been a collector favorite since the earliest days of the hobby in this country. Examples began appearing at auction as early as lot 169 of the A.C. Kline Sale (Moses Thomas & Sons, 6/1855), where a "proof" specimen of this date realized a strong $13. Interest in die varieties of early U.S. gold coins developed by the 1880s, and John Colvin Randall had identified four varieties of the 1795 Capped Bust Right eagle by the time he sold his collection through W. Elliot Woodward in June of 1885. The coin in lot 844 of the Randall catalog might have been a BD-5, as the cataloger noted the attenuated stars this variety is known for, "1795 No. 4; small stars; reverse, eagle with olive wreath; very rare variety." Recent sales include the AU53 PCGS example in lot 3898 of the Central States Signature (Heritage, 4/2006), that realized $74,750.

    The present coin is an impressive AU53 example, with lightly abraded antique-gold surfaces that retain traces of original mint luster in sheltered areas. The design elements were strongly impressed and only light wear shows on the devices, but the coin was struck from a late state of the dies and the effects of lapping are noticeable in some areas. The junction of the eagle's left (facing) leg with the body is particularly weak. Some die cracks show in the reverse legend and dentilation is weak from 4 to 5 o'clock on the reverse. The overall presentation is most attractive for this rare first-year gold rarity.

    Coin Index Numbers: (Variety PCGS# 45713, Base PCGS# 8551)

    Weight: 17.50 grams

    Metal: 91.67% Gold, 8.33% Copper


    View Certification Details from PCGS

    Auction Info

    Auction Dates
    June, 2020
    4th-7th Thursday-Sunday
    Bids + Registered Phone Bidders: 26
    Lot Tracking Activity: N/A
    Page Views: 1,320

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