Lot 1523
1797 $10 Capped Bust. Large eagle. NGC graded MS-61. In NGC holder 1785326-012. Long tapered neck on the eagle. Mostly well struck and loaded with flashy mint luster, particularly so on the reverse. Free from adjustment marks and other defects, just some light handling marks in the exposed fields. A very attractive specimen, all things considered, and noteworthy in many respects for its high condition.
When the small eagle design was revised in 1797, it bore the same obverse as before, but a new reverse, generally known as the heraldic eagle or large eagle.
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 eagles of this year are found with both reverse design types. The estimated mintage of the 1797 capped bust, heraldic eagle $10 is 10,940. Pop 31; 13 in 62, 3 in 63, 1 in 64 (PCGS # 8559) .
Estimated Value $45,000 - 50,000.
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