Price: 3,350.00 - SOLD - 5/01/2013* Free Shipping and Insurance for coins at $10K or above.
1849 Eagle - 1849 $10 NGC MS60. This flashy, Uncirculated 1849 Eagle has not a trace of wear, as expected for a Mint State coin. The surfaces are original and clean for the grade. Bits of bright mint luster shine within the devices of both sides of the coin. The strike is above average with full details on most of the centers of the stars, Libertys hair, the eagles neck, and the area to the lower left of the shield. Adding interest to the piece are heavy die polishing lines, probably resulting from the removal of clash marks, in the date and surrounding the eagle.
Between 1805, when President Thomas Jefferson ordered mintage of gold eagles stopped, and 1837 no gold eagles were made. Coinage was of this denomination was resumed with Christian Gobrechts Liberty Head eagle. The size, weight, and fineness were reduced so that the coins were not intrinsically worth more than their denominated value.
The Liberty Head eagle shows Liberty facing left in profile wearing a LIBERTY inscribed coronet with her hair tied in the back in beads. Two long curls hang down her neck, one in the back and the other on the side. She is surrounded with thirteen six-pointed stars. The date is below the truncation, which shows no drapery. The motif is taken from a Benjamin West painting of Venus. It was also used with modifications for the Large Cents of 1839. The reverse shows a heraldic eagle with outstretched wing looking to the left. On its chest is the Union shield. In its talons it holds the olive branch and arrows. The error in the previous issue, Scots eagle held the arrows and the olive branches in the wrong talons, is corrected. Except for being interrupted by the tips of the eagles wings UNITED STATES OF AMERICA surrounds the reverse, separated from the denomination TEN D. by dots. Dentils are near the edge on both sides of the coin, and the edge is reeded.
In 1826 Gobrecht did his first work for the Mint as an assistant to William Kneass. After Kneass suffered a debilitating stroke, Gobrecht did all the die and pattern work for the Mint. He became Chief Engraver in 1840 and served until his death in 1844. He was famous for his Liberty Seated motif which was used for all denominations of silver coinage including the half-dime, dime, quarter dollar, half dollar and silver dollar. He also designed the Liberty Head gold eagle, a motif that was also used on the half-cent, the cent, the gold quarter eagle, and the gold half eagle.
In its population report, NGC shows 10 1849 eagles in MS60 condition with 39 better.
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