1838 $10 AU55 NGC....

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Sold on May 1, 2009 for:

$15,525.00 Bid Source: Live: Floor bidder

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Radiant 1838 Eagle, First-Year Subtype, AU55

1838 $10 AU55 NGC. The 1838 is significant as the first business strike ten dollar piece issued since 1804. It is also quite rare, since only 7,200 pieces were struck and most of those were melted long ago. It is much scarcer than the 1839 Large Letters, the only other issue of this underappreciated design subtype. Liberty leans forward, has a sweeping curl over the ear, and her truncation is strongly curved. The eagle's beak is open. As he did with the Matron Head cents of 1839, Gobrecht modified the type until he was satisfied with the design, which continued unchanged for years afterward.
This is a sharply struck and radiant green-gold piece that has a pleasing extent of remaining luster, particularly near the eagle's neck. Distributed small to moderate marks are unobtrusive for the grade. Census: 5 in 55, 9 finer (3/09).(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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