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    1796 Draped Bust Eagle, MS61
    BD-1, Sole Variety for the Year
    Reported Mintage of 4,146 Coins

    1796 $10 BD-1, R.4, MS61 NGC. Ex: The Paramount Collection. Bass-Dannreuther Die State c/b. A vertical die crack down from the E in LIBERTY confirms the usual die state. Unlike the first-year 1795 eagle for which five die varieties are known, only a single set of dies was used to coin 1796 eagles in the series' second year. The obverse features 16 obverse stars with eight left and eight right, and the reverse features 11 leaves on the branch.

    The Guide Book reports a mintage of 4,146 coins for the 1796 eagle, which is entirely plausible. However, it may be that some the coins reportedly struck in 1796 were dated 1795, with John Dannreuther suggesting as few as 3,000 1796 eagles were potentially minted. Of those, Dannreuther suggests "likely more than 125 examples" survive, though how many more is a matter of speculation. NGC lists 66 problem-free submissions, including four PL coins, plus 14 Details examples, while PCGS reports 81 grading events and suggests as many as 175 pieces survive in all.

    To be sure, the 1796 Draped Bust eagle is a major rarity in Mint State. The eight MS61 submissions at NGC plus the six at PCGS almost certainly include a number of duplications. We doubt many more than five or so coins are actually finer than this one. Aside from its rich orange-gold color, the primary hallmark of the present example is its strong strike definition. The legends, stars, and dentils are bold and so are the centers, with clear detail on the eagle's breast. Copper-red accents around parts of the rim, namely above star 5, IT in UNITED, and below the branch leaves. Scattered hairlines and myriad microscopic ticks define the grade for this early ten dollar gold piece. Census: 8 in 61, 6 finer (12/20).
    From The Paramount Collection.

    Coin Index Numbers: (Variety PCGS# 45715, Base PCGS# 8554)

    Weight: 17.50 grams

    Metal: 91.67% Gold, 8.33% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Paramount Collection ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    February, 2021
    23rd-25th Tuesday-Thursday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
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