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LOT #5432  | 
Sold on Sep 24, 2010 for: Sign-in or Join (free & quick)

1838 $10 AU50 NGC....

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Sold on Sep 24, 2010 for:
$12,650.00 Bid Source: HA.com/Live bidder
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Description

1838 Liberty Head Eagle, AU50
Low-Mintage, First-Year Type Coin

1838 $10 AU50 NGC. After a 34-year hiatus, the Mint resumed coinage of the ten dollar denomination in 1838, utilizing Christian Gobrecht's Liberty Head design for the first time. The design was modified slightly in 1839, creating a two-year sub-type, highly prized by type collectors. Only 7,200 eagles were produced in 1838, making the date a rarity in any grade today. Most examples seen are heavily circulated. Coins in AU condition are rare, and Mint State examples are extremely rare.
The rarity of the 1838 was appreciated at an early date. An example in lot 2743 of the Sixth Semi-Annual Sale (W. Elliot Woodward, 3/1865) was described as, "1838 Uncirculated; rarer than the last." The "last" coin Woodward was comparing the 1838 to was the vaunted 1804 eagle, which he characterized as "extremely rare."
The present coin is an attractive example, with light greenish-gold surfaces and some original mint luster. The devices are sharply detailed, with only slight traces of wear evident on Liberty's hair. A collection of individually insignificant abrasions on both sides is consistent with the grade. Census: 10 in 50, 18 finer (7/10).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 262D, PCGS# 8575, GSID# 9356)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 7,200

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Auction Info

2010 September Long Beach, CA Signature US Coin Auction #1144 (go to Auction Home page)
Auction Dates
September, 2010
23rd-26th Thursday-Sunday
Bids + Registered Phone Bidders: 16
Lot Tracking Activity: N/A
Page Views: 912

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Sep 24, 2010 for: $12,650.00
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