Lot 4455
1797 $10 Capped Bust. Large eagle. . BD-4, Breen-6834, T-12, long thick necked eagle with fine die cracks. NGC graded MS-61. NGC serial #1653690-005. Well struck with light golden toning. Semi reflective surfaces. Only 10,940 minted. First year of the heraldic eagle type and a rarity in the series in this outstanding condition. This variety is characterized by a "cross" star arrangement above the eagle and within the semicircle of clouds, with stars 2 through 8 aligned toward the eagle's eye. This variety is even scarcer as a late die state with the die break between ER to the leaf, as seen on this piece. This break undoubtedly led to the early discarding of this die. The surfaces have the usual bright green-gold color with traces of satiny luster intermixed with the semi-reflectiveness in the fields. Sharply struck throughout and well centered on a problem-free planchet with a few of the usual small marks on each side seen on others. That makes this piece appear choicer than the modest MS61 grade implies.
The long thick necked eagle is a little know subvariety of the Large Eagle type of 1797. It has a different style eagle which makes it sort of a transitional reverse between the tall and short necked varieties. Because these devices were hubbed, the first reverse punch may have been modified to create this subvariety. The long thick neck eagle is unique to this variety, as are the other two eagles for BD-2 and BD-3. Pop 27; 17 finer; 13 in 62; 3 in 63; 1 in 64. (PCGS # 8559) .
Estimated Value $65,000 - 70,000.
Ohringer Family Trust Holdings.
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