1796 $10 BD-1 MS (PCGS#45715)
The Summer 2022 Global Showcase Auction U.S. Coins
- 拍卖行
- Stack's Bowers
- 批号
- 7171
- 等级
- AU53
- 价格
- 475,734
- 详细说明
- Exciting 1796 Eagle
Ex Green, Newman
1796 Capped Bust Right Eagle. BD-1, Taraszka-6, the only known dies. Rarity-4. AU-53 (PCGS).
A particularly vivid example of this classic early eagle rarity that also sports a noteworthy numismatic provenance. Both sides exhibit a base of deep orange-gold color with overlying reddish-rose toning that is bolder and more vivid on the reverse. The strike is well centered with fully denticulated borders framing boldly to sharply defined motifs. Minimal high point wear and light field friction define the grade, the surfaces retaining plenty of mint luster that is best appreciated with the aid of a strong light source. Impressively smooth overall for a lightly circulated Capped Bust Right eagle. BD Die State c/b.
The Small Eagle reverse was used on the $10 gold piece for only three years and was not produced in any large quantity. The 1796 eagle is no exception; the reported mintage according to Mint records is that 4,146 pieces were delivered that calendar year, though this almost certainly includes a number of 1795-dated eagles, as well. Precisely how many were actually dated 1796 remains to be discovered. John W. Dannreuther in his 2006 study, Early U.S. Gold Coin Varieties: A Study of Die States, 1795-1834, has estimated the mintage of the 1796-dated issue at 3,500 to 4,146 pieces, all struck from a single die pair. One distinguishing feature are the 16 stars on the obverse signifying the admission of Tennessee into the Union on June 1, 1796, indicating that these few coins were all struck after that date. The 1796 eagle is also the first of only two issues with only 11 leaves on the reverse branch in the eagle's claw; the earlier 1795-dated varieties all display either nine or 13 leaves on the branch. Just 125 to 175 examples are believed extant in all grades, of which less than a dozen certification events have been recorded in the Mint State levels. This sharp and vivid AU survivor is a delight to behold and a classic early gold rarity.
Provenance: Ex "Colonel" E.H.R. Green; Green estate, via Hans M.F. Schulman, May 13, 1944; Eric P. Newman, acquired for $250.00; Eric P. Newman Numismatic Education Society; Heritage's sale of the Eric P. Newman Collection, Part IX, November 2017, lot 15105. Newman collector envelope and Schulman sales invoice dated May 13, 1944, included.
PCGS# 45715.
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