Lot 2961
1795 $10 Capped Bust. 13 leaves. . BD-5, Taraszka-5, Breen-6830. NGC graded MS-64. Rarity 5. Set in NGC holder with certification number 1951316-002. Well struck and intensely lustrous with semi-reflective frosty mint surfaces throughout. Date is widely spaced on this variety (one of four 13 leaf varieties of 1795), with the bust over the tip of the 5, star 11 away from Y. On the reverse, the leaf tip furthest from U of UNITED and pointed to its left side. These are the keys to identification of BD-5. The coin itself is very carefully struck and retains all of its pleasing original luster. Lending further to the unimpeachable eye appeal is the semi reflective quality on both sides. In Early U.S. Gold Coin Varieties by John W. Dannreuther, estimated mintages are given for each variety, and as a bonus to prospective buyers, the number of survivors for each variety: "BD-5 is the second scarcest variety among the five of 1795 with perhaps 35 to 45 examples still extant."
Only a few examples remain in Mint State grades, enough so that collectors of means will have a reasonable chance of obtaining a choice specimen of the small eagle reverse design given patience and close attention to the occasional auction sale offerings. A fair number of the Mint quality survivors have prooflike fields, much as this coin does. We cannot fail to see this coin becoming anything other than the highlight of a major rarities collection. Because 1795 is the initial issue of the denomination, the importance of this handsome Mint State 64 example will be established for all eternity. Pop 4; 1 finer in 65 (PCGS # 8551) .
Estimated Value $300,000-UP.
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