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Lot: 3820
Auction: 1116
1798/7 $10 9x4 Stars XF40 PCGS....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: HA.com/Live
Ended: Sep 18, 2008
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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.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

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: 6 Internet/mail bidders, 700 page views

Description
1798/7 $10 9x4 Stars XF40 PCGS. BD-1, High R.4. BD Die State c/b. The only early gold issue, regardless of denomination, bearing the 9+4 star arrangement. The odd layout of the obverse devices, together with the bold overdate, is a testimonial to the fact that our infant first Mint was more concerned with quantity than quality. Someone at the Mint must have been displeased with the layout of BD-1 as BD-2--and all subsequent eagles--have a more balanced design. Collectors today, however, are thankful for such quirkiness as it adds to the intrigue and charm of early American coinage issues. Of course few will ever have the chance of owning this particular variety, as fewer than 100 coins are believed to be extant in all grades. In fact, PCGS has certified a mere 33 pieces as of (8/08) and the population at NGC is slightly lower. Considering that only 300 to 842 BD-1 tens were struck (per the Bass-Dannreuther reference), the low population today is not at all surprising.
Straw-gold fields are framed by lovely russet patination that clings heavily to the devices on both sides of this early ten. At first glance the details are what one would expect to find on a piece grading finer, although the conservative designation by PCGS, all factors considered, is accurate. Not affecting the grade, but mentioned for the sake of completeness, are minor adjustment marks observed on the eagle's left wing. Overall, the current offering is a pleasant example of a scarce--and by some measures, rare--early ten dollar gold piece struck when George Washington was still alive.(Registry values: P7) (#8560)



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