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Auction #Rich1 > Lot #2001 > Classic U.S. Coins > $10 Early Gold (1795-1804) 1795 $10 NGC AU58 DLRC #: 86947  Track

Item Description:
Breen-6830, Taraszka-1, one of the 13 Leaves varieties. Rarity 3. First year of issue for the type and denomination. Beautiful, orange-gold surfaces, with an excellent strike and original luster still remaining in the protected areas. One of the most impressive features of this remarkable coin is the complete lack of adjustment marks, even on the very highest points. This is the most commonly seen grade for this date...

Breen-6830, Taraszka-1, one of the 13 Leaves varieties. Rarity 3. First year of issue for the type and denomination. Beautiful, orange-gold surfaces, with an excellent strike and original luster still remaining in the protected areas. One of the most impressive features of this remarkable coin is the complete lack of adjustment marks, even on the very highest points. This is the most commonly seen grade for this date, meaning that it is also one of the most affordable. This is an important consideration when dealing with early U.S. gold coins because of the extreme expense of Mint State examples.

The $10 Gold piece, officially called an "Eagle" was one of the bedrock denominations of the U.S. monetary system, along with the Silver Dollar. All other gold coins were denominated in relation to the Eagle (i.e, the $2.50 became a Quarter Eagle, the $5 became the Half Eagle, and so on). The $20 gold piece (Double Eagle) was an afterthought that didn't even appear until 1849, when the California Gold Rush provided enough gold to create sufficient quantities of such a large coin.

Most early Eagles are very rare. Their high value was considered excessive for daily commerce back when laborers earned $1 a day and most Eagles were destroyed during periods when their gold value exceeded their face value. We owe a great debt of thanks to the many collectors who have preserved these wonderful coins so that numismatists of today can enjoy them, as well.

NGC has graded 159 examples of the 1795 Eagle. Unfortunately, the majority (137 pieces) have not been attributed as either the 13 or 9 leaves varieties. From experience, we can guess that most are of the 13 leaves variety, but it would be interesting to see the true relative rarities of the 13 and 9 leaves varieties. Sadly, it's impossible to recall all the coins that have been graded so far, but over time, we hope that most will be properly attributed.

Sold For: $47,150.00

DLRC Auctions · Past Auction Records

Description Lot # / Auction Realized Date
1795 $10 NGC AU58 2001: Richmond Sale, Part I Login 7/24/04

Click here to view past auction records for all grades of this issue.

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