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Lot: 3817
Auction: 1116
1796 $10 AU55 NGC....
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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.
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: 5 Internet/mail bidders, 629 page views

Description
1796 $10 AU55 NGC. Breen-6832, Taraszka-6, BD-1, R.4. The only known die pair for coinage of 1796. Mint delivery records indicate that 2,795 eagles were coined in 1795, followed by 6,934 in 1796, but that fails to explain why 1795 had five different die marriages, compared to just one die marriage for 1796. The obvious and simple explanation is that some of the 1795 varieties were actually coined in 1796. The total of 9,729 coins delivered in the two years yields an average of 1,621 coins per die marriage.
We disagree with the mintages reported in the Guide Book and elsewhere for the Small Eagle tens. The Guide Book reports 5,583 eagles coined for 1795, 4,146 for 1796, and 3,615 for 1797, suggesting that those mintages are the actual total of coins bearing those dates. For those same dates, NGC and PCGS have combined to certify 370 dated 1795, 139 dated 1796, and 50 dated 1797. Based on a comparison of Mint delivery records and current population totals, we feel that the actual approximate mintages were: 8,875 coins dated 1795, struck from September 22, 1795 through June 21, 1796; 3,320 coins dated 1796, struck from December 22, 1796 until April 20, 1797; and 1,149 coins dated 1797, struck on May 2, 1797.
The 1796 eagles featured an unusual star layout, with eight stars to the left and eight to the right. In 1795, 15 stars were arranged 10 left and five right, in 1797 for the Small Eagle coins, the stars were arranged 12 left and four right, and in 1797 for the Heraldic Eagle coins, stars were arranged with 10 left and six right. All remaining eagles had 13 stars on the obverse.(Registry values: P6) (#8554)


Bid Now on Items Just Like This One
Lot Bidding Ends Grade Service Current Bid
Auction 1121, Lot 4096 Thursday, January 8, 2009 AU55 NGC $55,000.00
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Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 414, Lot 5539 Monday, August 14, 2006 55 PCGS $86,250.00
Auction 382, Lot 10373 Saturday, July 30, 2005 55 PCGS $48,875.00
Auction 360, Lot 8817 Saturday, January 15, 2005 55 PCGS $74,750.00
Auction 308, Lot 8725 Saturday, January 11, 2003 55 PCGS $35,650.00
Auction 187, Lot 6411 Saturday, June 6, 1998 55 PCGS $33,350.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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