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Lot 506 - 1797 $10 Capped Bust Large Eagle NGC MS62

Currency:USD Category:Everything Else / Other Start Price:25,000.00 USD Estimated At:50,000.00 - 60,000.00 USD
Lot 506 - 1797 $10 Capped Bust Large Eagle NGC MS62
1797 $10 Capped Bust. Large eagle. When the quarter eagle went into production for the first time, in 1796, it bore the same obverse as on the eagle and half eagle, but a new reverse, generally known as the heraldic eagle.

It bears a somewhat more full-bodied eagle than on the small eagle design. The eagle 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 eagle of this year are found with both reverse design types. The estimated mintage of the 1797 capped bust, heraldic eagle $10 is 10,940. This is a lustrous and choice example of the long-necked eagle variety which has sharp devices and nicely preserved rims. There is a faint hairline in the lower left obverse field, plus a few truly insignificant marks. The coin is encased in NGC holder 565769-004. The NGC Population is 11, with 3 higher (10/2005). (#8559)
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