Lot 1319
1795 $10 Capped Bust. . BD-1, Breen-6830. NGC graded AU-55 PQ, CAC Approved. Well struck and lustrous. Only 5,583 minted. Diagnostics for the variety include the 5 slightly overlapping the bust, Star 11 neary Y, and a leaf nearly touches U. The letter Y in LIBERTY has two small lumps at the top left (diagnostic), while the stars to the right look cramped as though they had to be squeezed into the space provided. The estimated mintage for the BD-1 variety is 225 to 325 pieces (Dannreuther) based on the knowledge that this is the most often seen of the five varieties of 1795.
A heart-stopping AU55 example of the premium quality one likes to see for this actively collected design early $10 capped bust design. Touches of original luster blend naturally into the delicately toned warm golden color of the choice surfaces. There is a hint (only a hint) of adjustment in the obverse rim dentils. A top-notch strike at centers with the key hair features and eagle's breast strongly hit by the dies. All legends bold as is the date. We expect bidders will come out in droves to place bids the day this coin sells. Pop 19.
Historic note: Production of 1795 capped bust eagles began September 22, with 5,583 struck between that date and March 30, 1796. Some die varieties are from reverse die with a palm branch bearing 13 leaves, while a fourth variety bears a branch with nine leaves.
All four 1795 obverses bear 15 stars (representing the 15 states in the Union), arranged 10 to the left and five to the right. (Spacing differs on each obverse die, since each star was hand-punched into the die.) LIBERTY is positioned from the upper front of Liberty's cap to just in front of her nose, in the same general position on each die.
Estimated Value $70,000 - 80,000.
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| Realized $74,750 |
