1795 $10 BD-1, 13 Leaves AU55 NGC
(click for full-size image)
|
| Show/Booth: |
ANA Money Show
/
Convention Center
|
| |
(Item is available at this booth)
|
|
|
|
|
1795 $10 13 Leaves, BD-1, High R.3, AU55 NGC. Bass-Dannreuther Die State a/a. This is an evenly struck khaki-gold representative. Slight wear is present on the eagle's breast and neck, as well as on Liberty's forehead, nose tip, and shoulder. Luster dominates Liberty's hair, the eagle's wings, the wreath, and the palm branch, and also fills the stars and legends. Minor mint-made laminations are present from star 14 to the bust, on Liberty's neck, and from the rim to the I in LIBERTY. As expected for its brief circulation, the fields display faint abrasions, although the absence of adjustment marks or obvious identifying abrasions gives the piece greater eye appeal than many of its peers. The First Philadelphia Mint struck it first coins in March 1793, but silver coinage had to wait until October 1794 and the first gold coins weren't minted until July, 1795. This delay was mostly due to high surety bonds required of Chief Coiner Henry Voight and Assayer Albion Cox by the Mint Act of April 2, 1792. Neither could afford to pay the $10,000 bonds, which were reduced by the Act of March 3, 1794 to $1,000 for the chief coiner and $5,000 for the assayer. Further obstacles were the lack of gold bullion in the United States, and the unduly low gold-to-silver ratio, which made gold coins worth more than their face value and thus removed them promptly from circulation. The initial July 1795 gold production comprised of half eagles, and the first 1,097 eagles were delivered on September 22, 1795, followed by 200 more two days later. The present offering was almost certainly one of these coins, given it was minted from the denomination's inaugural die marriage, BD-1. This die marriage is identified by star 11 virtually touching the Y in LIBERTY, and the reverse is shared with BD-2. Ex: The Laguna Niguel Collection, Part One / ANA Signature (Heritage, 8/2007), lot 1949. From The Costa Family Collection, Part III. HID06601242017 www.HA.com/TexasAuctioneerLicenseNotice
|
Enter the message you would like to email to this Dealer
(click for full-size image)
(click for full-size image)
(click for full-size image)
(click for full-size image)
|
|