LOT Heritage Rare Coin Galleries  /  2007 Signature Coin - Charlotte, NC #432  / 

2038

1801 $10 MS64 PCGS. Breen-6843, Taraszka-25, BD-2, R.2

Currency:USD Category:Coins & Paper Money / US Coins Start Price:5,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1801 $10 MS64 PCGS. Breen-6843, Taraszka-25, BD-2, R.2
<B>1801 $10 MS64 PCGS.</B></I> Breen-6843, Taraszka-25, BD-2, R.2. This 1801 variety is immediately recognized by the position of stars 1 and 7. On this obverse, star 1 is distant from the hair curl and star 7 is closer to the cap. The other 1801 obverse, an important rarity, has the opposite orientation of these stars with star 1 close to the hair and star 7 distant from the cap. This example is the later die state with clash marks visible on the obverse, especially within the lowest recesses of the cap. The example offered here is an exceptional near-Gem with soft, frosty yellow-gold luster that shows hints of greenish color. Although not a full strike, most of the design details are sharply defined. The surfaces are exceptional and virtually pristine. A few tiny marks in the right obverse field are about all that keep this coin from Gem quality.<BR> Production of eagles in 1801 consisted of 29,254 coins with an additional 15,090 coins minted in 1802. It is unknown how this mintage was distributed among coins actually bearing the 1801 date and others dated 1800. It would be easy to assume that all 44,344 coins were dated 1801, <I>except</B></I> die state evidence proves that late die state 1800 eagles were actually coined after 1801 BD-1 eagles. This is a problem that confronts numismatic researchers across all denominations produced in the early days of the U.S. Mint. Dies remained in use until they were no longer serviceable, regardless of the date that appears on the die. The only rule that we can be reasonably certain about is that dies were not predated. In other words, we are quite certain that there were no 1801 eagles coined in 1800, for example. For all years from 1795 through 1804, Mint delivery warrants indicate a total production of 137,027 eagles. Attempts have been made to correlate the delivery records with individual dates and even varieties, with current estimates reported in the <I>Guide Book</B></I> based on Walter Breen's efforts many years ago.<BR> Without a doubt, the present specimen represents the single most plentiful early eagle variety, although few are so fine. In his reference on early U.S. gold, John Dannreuther estimates that 600 to 800 examples of this die marriage still exist. Anthony Taraszka estimates the variety at R.3, meaning 200 to 500 examples still exist. An exact accounting of known specimens is not possible, as there are too many to track, thus an estimate is the best that can be accomplished. Dannreuther's estimate might be a little high, and Taraszka's might be a little low. Our own experience suggests that 500 to 600 pieces is a reasonable estimate. Despite the common nature of this variety, we know for certain that it is a rarity in near-Gem or finer quality, such as the example that is offered here. Population: 34 in 64, 3 finer (1/07).<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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