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Sale 67
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Lot 1742
1801 BD-2, Rarity 2. PCGS graded AU-55 CAC Approved. Mostly well struck on a nice clean planchet. Light golden toning that deepens slightly about the borders. A Premium Quality example that is very close to full Mint State.
Eagles or $10 gold coins, were the largest United States denomination authorized under the Mint Act of April 2, 1792, but were not struck until 1795. A delay was caused until the chief coiner and assayer were able to post the high bonds, by 1795 somewhat reduced, required of them before striking precious metals.
The first gold coins struck were $5 half eagles, made in July 1795. The $10 eagle coinage followed soon thereafter. The first $10 gold piece struck at the Philadelphia Mint was presented by Director Henry William de Saussure to President George Washington, by whom he had been appointed to the office as second director of the Mint (following Rittenhouse).
The design of the first eagle issue is similar to that of the contemporary half eagle and is also by Robert Scot. On the obverse Liberty is shown wearing a cloth cap, facing right, with stars to the left and right. There is no indication of denomination or value on either the Small Eagle or Heraldic (Large) Eagle type. During this era, gold coins of many nations circulated in American commerce, and their value was determined by a combination of weight and fineness (purity), various conversion charts being published from time to time in newspapers and journals (PCGS # 8564) .
Estimated Value $17,000 - 18,000.
The William H & Beuelaress K. Helem Collection.
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| Realized $23,000 |
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