Goldberg Coins and Collectibles



Sale 80

June Pre Long Beach Sale


$10 Gold
 
 
Lot Photo Description Realized
Lot 1883
1797. Large Eagle BD-2 Rarity 4+. PCGS graded AU-58 PQ. Well struck with lots of luster visible on both sides. Long tapered neck on the eagle. Mostly well struck and replete with frosty mint luster, particularly so on the reverse. Free from adjustment marks and other defects, just some light handling marks in the exposed fields. A very attractive AU58 specimen, all things considered, and noteworthy in many respects for its high condition.

When the quarter eagle went into production in 1796, it bore the same obverse as on the eagle and half eagle, but with a new reverse, generally known as the heraldic eagle.

The heraldic eagle reverse makes its appearance on the $10 gold in 1797 where it bears a somewhat more full-bodied eagle than on the small eagle design struck early in the year. The eagle now gazes to the left on the new design and holds in its beak a ribbon inscribed E PLURIBUS UNUM, a Latin phrase connoting One Among Many. A shield is mounted on the eagle’s breast. The eagle holds a bundle of arrows in its right talons (the viewer’s left) and an olive branch in its left talons, and is similar to that found on the Great Seal of the United States.

UNITED STATES OF AMERICA encircles the design, as on the small eagle 1797. A semicircle of clouds stretches from wing to wing, with 13 stars positioned between the clouds and the eagle in arrangements that vary from die to die.

Mint engraver Robert Scot’s new reverse was introduced on the eagle in mid-1797, so eagles of this year are found with both reverse design types. The estimated mintage of the 1797 capped bust, heraldic eagle $10 is 10,940. Pop 27; 39 finer (PCGS # 8559) .
Estimated Value $37,000 - 39,000.
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Realized
$43,475
Lot 1884
1799 BD-4 Rarity 7. NGC graded AU-58. Well struck. Mostly untoned with reflective surfaces. Brilliant greenish gold with considerable luster remaining. The surfaces are surprisingly choice for the grade. A true example of quality. Sharply struck although not perfectly centered, the obverse border is wider and deeper at 12:00. A duplicate offering of this very rare variety. Full strike with complete rim dentils, some areas of which are more heavily stamped by the dies. Nice color and surface condition on this landmark early $10 Capped Bust Right Eagle.

Production rose to 37,449 coins for 1799, giving this issue of the second highest mintage for the series. While all of the obverse dies bear 13 stars arranged eight and five, two different star punch sizes were used; the resulting varieties are called Small Stars and Large Stars. The numerals in the date are spaced variously: Some coins have a Close Date, some a Wide Date, and others an Irregular Date. BD-4 has a close date. Ten die varieties are known for 1799, representing the combinations of five obverse dies and seven reverse dies which is unusual for such a limited mintage.

Historic Note: Eagles or $10 gold coins, the largest United States denomination authorized under the Mint Act of April 2, 1792, were not struck until 1795. A delay was caused until the chief coiner and assayer were able to post the high bonds, now somewhat reduced, required of them before striking precious metals.

For all $10 gold coins with the Heraldic Eagle reverse, 1798 to 1804, business strike mintage totaled an estimated 119,248 pieces. It seems that many if not most pieces either were melted by bullion speculators in the early 19th century, or were shipped overseas, primarily to Europe, where they met a similar fate. The Treasury Department realized that continuing coinage of $10 coins would be a futile exercise, and for this reason coinage was halted after 1804.

The Type Set buyer seeking one representative coin of the era will find that issues of 1799, 1800, 1801, or 1803 will be the most likely choices. Examples are typically found in Very Fine to About Uncirculated condition. Uncirculated pieces are scarce to rare.
Estimated Value $19,000 - 20,000.
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Unsold
Lot 1885
1801 BD-2 Rarity 2. NGC graded MS-62. Well struck with light golden toning. Nice reflective surfaces. A lock-solid frosty MS62 with strong primary frost in the devices offset by prooflike fields, and with attractive golden bright highlights on both sides. More than adequately struck for the date, perhaps not 100% so, since this issue rarely is, but certainly a coin that gets points where fullness of design is concerned: choice stars and rim, full cap and hair curls, strong date. On the reverse, we find a very bold eagle with E PLURIBUS UNUM scroll, much more detailed stars than average, and excellent clouds. A must-see coin if you attend lot-viewing, if only for its beauty and historic significance as the United States’ largest coin denomination at the time.

The peak of production for the design occurs this year, when 44,344 1801 capped bust eagles were struck. Two varieties are known, with one obverse die bearing a Close Date and another obverse bearing a Wide Date. Although eagles were delivered well into 1802, that year’s production is believed to have been from 1801 dies. No 1802 capped bust eagles exist. As with the sale of other US numismatic rarities, it is possible that this piece will remain in a tightly held collection for many years to come. Pop 61; 74 finer (PCGS # 8564) .
Estimated Value $29,000 - 31,000.
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Lot 1886
1801 BD-1 Rarity 5. PCGS graded AU-58. A nice untoned example with lots of luster evident. A satiny About Uncirculated with eye-appeal to match its elevated grade. Original mint luster graces the light golden surfaces. Sharply struck for the date, easily finer in sharpness than many in notionally higher grades. We find the rim dentils are crisply defined on both obverse and reverse. The surface is smooth, pleasing in its visual impact, and free of criticism. If one has to point to any diminishment it would be to several areas on the reverse where the surface has a slight granularity to it. This is noticeable around the stars directly over the eagle and in the lower left portion of the shield and arrows. It could be that the impact from the dies (these were struck using a manually operated large screw press at the mint) was insufficient to send all the metal from the planchet into the die recesses. The resulting minor roughness is just unstruck planchet surface. All lettering is crisply detailed. The eagle’s wings feathers complete, the neck, eye, and beak sharp as well. A full E PLURIBUS UNUM shows on a sharp-edged scroll.

The peak of production for the design occurs this year, when 44,344 1801 Capped Bust Eagles were struck. Two varieties are known, with one obverse die bearing a Close Date and another obverse bearing a Wide Date. Although Eagles were delivered well into 1802, that year’s production is believed to have been from 1801 dies. No 1802 Capped Bust Eagles exist (PCGS # 8564) .
Estimated Value $20,000 - 23,000.
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Lot 1887
1803. Extra Star BD-5 Rarity 4+. NGC graded MS-60. A hint of light gold tone with reflective surfaces. Pop 1; 21 finer.
Estimated Value $28,000 - 30,000.
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Realized
$35,838
Lot 1888
1803. Extra Star BD-5 Rarity 4+. NGC graded AU-58. Well struck and untoned. Some obverse adjustment marks. Of course, any other AU58 coin in existence would by definition have surface marks, so mentioning them may be a waste of space. The type set collector seeking a representative coin of the era will find that issues of 1799, 1800, 1801, or 1803 will be the most likely candidates. Examples are typically found in Very Fine to AU condition. Uncirculated pieces are rare. (Mint State coins have frosty surfaces, unlike the prooflike surfaces of the $10 coins of the mid-1790s

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 paired to the obverse style used earlier. In keeping with silver and other gold denominations of the 1800 period, the reverse was adapted from the Great Seal of the United States. It depicts an eagle with a shield across 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. Consistent with the smaller gold coins from this period, there is no mark of denomination or value. Pop 9; 22 finer .
Estimated Value $23,000 - 24,000.
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Unsold






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