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Lot: 3823
Auction: 1116
1800 $10 VF35 PCGS....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 18, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
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This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 5 Internet/mail bidders, 612 page views

Description
1800 $10 VF35 PCGS. Breen-6842, BD-1, High R.3. BD-1 is the only known variety for 1800 eagles. All examples have star 7 double-punched, and many display a die crack along the top of LIBERTY. Both diagnostics are visible on this example. There is an additional minor die crack extending under the base of the olive branch to the eagle's tail feathers.
The Capped Bust design, by Chief Engraver Robert Scot, had been used on the eagle from the first issue in 1795. The Heraldic Eagle reverse debuted in 1797 and--in what has been described as either a blunder or poor judgment--Scot placed the arrows (a symbol of war) in the eagle's right or honorable claw, and the olive branch (the symbol of peace) in the left or sinister claw. Thus the image was supposedly a promotion of war instead of peace, though Scot's actual intentions are unknown. Gold eagles were intended to be a coin of commerce but as Q. David Bowers notes (2005), "In their own time, eagles of the 1795 to 1804 era were seldom seen in everyday circulation, as the face value was equivalent to a week or more of wages for the typical person. Instead, these pieces were the coins of choice for large transactions and international commerce. Government accounts indicate that most were exported and melted, thus being of little value to the intended purpose of establishing a circulating federal coinage."
Certainly some eagles did circulate, as shown by the wear on this coin, notably a small mark on the bust near star 13 and a few short scratches clustered below the arrows on the reverse. However, the overall appearance is excellent. Both sides display warm gold patina, with red highlights near the rims and darker accents around the date. The centers boast a blush of bright yellow-gold, and all devices and lettering are clear. With 200-300 known specimens, 1800 eagles are considered an available variety of the type, but as with all early gold "available" is a relative term. This coin is a handsome and scarce representative of a popular early gold type.
From The Menlo Park Collection.(Registry values: P2) (#8563) View Entire Collection.



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 68113, Lot 63566 Sunday, November 16, 2008 35 PCGS $10,925.00
Auction 1110, Lot 2100 Sunday, June 29, 2008 35 PCGS $12,075.00
Auction 404, Lot 3901 Saturday, April 29, 2006 35 PCGS $10,350.00
Auction 336, Lot 7760 Saturday, January 10, 2004 35 PCGS $7,475.00
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