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Sale 81
The Pre-Long Beach Sale
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Lot 1303 |
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1801. PCGS graded Genuine, AU Details, filed rims. Well struck with claims to Uncirculated details. Only 44,344 struck. About 650-850 examples known according to PCGS population report. Beginning with coins dated 1797, the Heraldic Eagle reverse (first used in the gold series on the 1796 $2.50, although an anachronistic $5 of 1795 must be mentioned) was mated to the obverse style used earlier. In keeping with silver and other gold denominations of the 1800 period, the reverse, adapted from the Great Seal of the United States, depicts an eagle with a shield on its breast, holding in its talons a bundle of arrows and an olive branch and in its beak a ribbon inscribed E PLURIBUS UNUM. A galaxy of stars and an arc of clouds is above. The inscription UNITED STATES OF AMERICA surrounds.
There is no mark of denomination or value.
The obverse on the $10 Eagle remained the same as the 1795-1797 style, except that the star configuration varies from issue to issue. For all $10 gold coins with the Heraldic Eagle reverse, business strike mintage totaled a mere (estimated) 119,248 pieces. It seems that many if not most pieces were melted by bullion speculators in the early 19th century, or were exported, primarily to Europe, where they met a similar fate. The Treasury Department realized that making them was an exercise in futility, and for this reason coinage was halted in 1804.
The type set collector seeking a representative coin of the era will find the 1801 $10 will be a suitable candidate. Examples are typically found in Very Fine to AU condition. Uncirculated pieces are quite expensive (PCGS # 8564) .
Estimated Value $9,000 - 10,000.
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