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    Description

    1804 BD-1 Eagle, MS60
    Crosslet 4, Final-Year Issue
    Major Rarity in Uncirculated Condition

    1804 $10 Crosslet 4, BD-1, High R.4, MS60 NGC. Bass-Dannreuther Die State b/b. Cracked from star 1 to the 18 in the date, and across the lower reverse. All circulation strike eagles manufactured in 1804 are of the Crosslet 4 variety, classified as BD-1 in the Bass-Dannreuther reference Early U.S. Gold Coin Varieties. Another variant is known with a Plain 4 in the date, but these were proofs struck in 1834-1835 for inclusion in diplomatic sets along with the 1804 dollars.

    The date is elusive for a host of reasons, including an estimated production of 2,500 to 3,747 coins and a survivorship of 80 to 100 pieces. The issue's scarcity is made all the more pronounced because of its association with the previously mentioned silver dollar of 1804, the "King of American Coins." All coins bearing that famous date are highly sought-after among collectors, few more so than these impressive ten dollar gold pieces.

    Curiously, it was not until the mid-20th century that collectors started to pay premiums for the 1804 eagle in accordance with the issue's true rarity. During the late 19th and early 20th century, a collector might expect to pay a relatively modest premium of $10 to $30 over face value. In 1944, B. Max Mehl offered a Brilliant Uncirculated representative as part of the Belden E. Roach Collection. That coin brought only $162.50 -- little more than a circulated example in VF or XF condition would have realized during that period.

    Today, specialists in this denomination and, more broadly, in early American gold coinage understand the exceptional rarity, importance, and beauty of these imposing souvenirs, especially in Mint State. There are probably 20 or so examples known in Uncirculated condition, although NGC and PCGS combined report 30 submissions.

    This incredible 1804 Crosslet 4 is typically incomplete over the centers, and a few of the obverse stars are moderately soft. However, strong detail appears within the lower curls, and the eagle's wing and neck feathers. Coloration is deep orange-gold, and a hint of reflectivity is noted in the fields. The reverse displays a series of horizontal adjustment marks across the shield, as made. Slightly subdued mint luster and scattered minute marks explain the technical assessment.
    From The Rube Collection. (NGC ID# BFYU, Variety PCGS# 45741, Base PCGS# 8566)

    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 Rube Collection ]

    Auction Info

    Auction Dates
    August, 2018
    14th-19th Tuesday-Sunday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
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