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October 05, 2015

COIN OF THE WEEK

Key Date 1804 Bust $10 NGC AU58. Cross 4, Large Eagle- $72,000.
Click on Coin Image to enlarge


Very Scarce and in-Demand. Here’s one of the key dates to the early $10 Eagle series and a monumental rarity, 13 Star Reverse. The specimen here is superbly struck with lovely surfaces. This is the final year of the early gold eagles, and the last year this denomination was struck until 1838. Rare in all grades, and increasingly popular, this specimen that we offer here is highly collectible, compare with the MS-63 we sold in 2014 @ 165K and the MS-63+ that sold at Stacks Bowers last week for $450,000.00.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

All known examples were struck from a single die pair, which is differentiated from the extremely rare Proof restrikes by the Crosslet 4 digit in the date. The mintage of this issue has been estimated to be between 2,500 and 3,757 pieces, with the latter number usually quoted as correct. However, quoted mintages of early American gold coins are usually based on suggestions from different numismatic researchers, and the number of survivors is much more important.

Other researchers (including Walter Breen) have suggested that the number of specimens that remain to exist would not be higher than 60 at most. It is interesting to see that this is considered to be just a “scarce issue”, as coins with populations such as this coin would be considered prime rarities in other series’. However, due to the high cost of completing this series, not many collectors opt to do so. For the true connoisseur of early American gold coinage here lies an opportunity, as many pieces are obtained fairly easily at a cost. This, however, is not the case with all coins, and offerings such as the present should not be considered to be seen with any frequency.

The quality of the particular piece we presently offer is far superior to the majority of other coins offered of this issue. Semi-prooflike fields are visible on both sides as well. Faint adjustment marks (Mint-made) are seen on the reverse, but are not overly distracting from the overall eye-appeal. Both sides are completely original, and feature various shades of yellow mingled with orange and red tones. It appears that this piece is an early die-state of the obverse, which was obviously not used on any other issues. The strike is generally sharp, and appears to be much better than usually seen. Very seldom offered and near the top of the condition census makes this a very important offering which is not rivaled easily.


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ADDITION NEW COINS ADDED - (Week of 10/05/2015)

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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