1795 $10 13 Leaves MS(PCGS#8551)

The Regency Auction 58 - Central States

拍卖行

Legend Rare Coin Auctions

批号

406

等级

XF45

价格

497,894

详细说明

Offered here is one of the all time classics of early American numismatics! Popular as the first year of the denomination since coin collecting became a popular pass time in the United States, today, these are as in demand as ever, and is one of the blue chips of American numismatics. The April 12, 1792 act of Congress that established the United States Mint, called for three denominations to be struck in gold with the $10 Eagle as the largest. The act required mint officials to post a surety bond before precious metal coinage could commence. Thus, only copper half cents and cents were struck in 1793; silver half dollars and dollars were struck in 1794; it was not until 1795 when the first $5 and $10 gold coins were minted. The $10 gold piece, or Eagle was designed by Robert Scot, and featured a bust of Liberty facing right, wearing a Phrygian cap (a symbol of freed slaves in ancient Roman times). The reverse has a small eagle holding a palm branch in his talons and a circular olive wreath is held in his beak. Only 5,083 examples were reported to have been struck, although early mint records show the number of each coin struck in the calendar year. Since die steel was hard to come by, dies were used until they could not be used any more, making it possible that some additional 1795 Eagles were struck later on. In all, five die pairs were employed, four with the 13 Leaves reverse, and one with the rare 9 Leaves reverse. Today, approximately 500 are known in all grades per PCGS CoinFacts and the Bass-Dannreuther reference estimates 430 to 582 survive. The BD-1, offered here is among the most common, listed as Rarity-3+ in the Bass-Dannreuther reference and accounts for 225-325 of the estimated survivors. This is a REMARKABLE example for this popular collector grade. While most collectors can only dream of owning a Mint State example, this CHOICE XF45 has a great look for the grade. Limited wear is very minor and only touches the highest points of the details. A wealth of retained luster gives this coin the look of a higher grade. The details are sharply struck up. A few very light remnants of adjustment marks are noted on the obverse, mostly seen at the tip of the bust. The planchet shows some minor flakes (as made) and microscopic lines and ticks from circulation, but overall the surfaces appear clean and smooth with no serious issues. The honey and yellow gold is quite attractive and adds to the great look of this wonderful first year of the denomination! PCGS 29, NGC 5. The last PCGS XF45 to sell in auction was CAC approved and brought $70,250 nearly two years ago. More recently two PCGS AU50s sold for $96,000 and $99,000. In XF45, the PCGS Price Guide value is $80,000. This always popular issue will see very strong bidding from collectors looking for a high grade example for less than six-figures. Bid accordingly. Cert. Number 39857709 PCGS # 8551