LOT Old Heritage Auctions  /  2007 (ANA) Signature Coin Auction #444  / 

1949

1795 $10 13 Leaves AU55 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:48,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1795 $10 13 Leaves AU55 NGC
<B>1795 $10 13 Leaves AU55 NGC.</B></I> Breen-6830, Taraszka-1, BD-1, High R.3. Die State a, perfect dies. The first die marriage of the ten dollar or eagle denomination, which until 1849 was the largest gold denomination. Since the reverse die is shared with BD-2, BD-1 is identified by star 11, which virtually touches the Y in LIBERTY.<BR>Although the First Philadelphia Mint struck it first coins in March 1793, only copper coins were produced that year. Silver coinage began in October 1794 with the 1794 Flowing Hair half dollar and dollar. The first gold coin, a half eagle, was struck on July 31, 1795. Production of the 1795 eagle began two months later, on Sept. 27, 1795. The delay of eighteen months between the emissions of the AMERI. cent and the 1795 half eagle was mostly due to high surety bonds required of Chief Coiner Henry Voight and Assayer Albion Cox. 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.<BR>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 faded and faint abrasions, which are somewhat more prevalent near the left border of the two major devices. The absence of adjustment marks or obvious identifying abrasions gives the piece greater eye appeal than many of its peers.<BR><I>From The Laguna Niguel Collection, Part One.</B></I><BR><BR><B>Coin Engraver:</B> Robert Scot<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>\)
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