1801 Gold Eagle - The 1801 eagle is the
most available ten dollar gold piece of the type minted
between 1797 and 1804. It also has the highest mintage of
the series, usually considered to be 44,344 pieces. Of that
number, 15,090 pieces were not delivered until 1802, while
no coins of that date were struck. Yet, this issue can not
be considered to be a common coin or not being scarce at
all. In other series, coins with a mintage below 50,000
coins are considered to be prime rarities, and in many series
the lowest mintage is much higher than that of the 1801
eagle (1801 ten dollar gold piece). But, within the series,
and within the context of early American gold coins, this
issue can be considered to be available.
The total mintage was struck from just two
different die pairs, indicating that the strength and lifetime
of the dies was gradually improving during the early 19th
century. In earlier times, dies often cracked and later
broke, making the lifetime of a single die to be extremely
short. For example, the second lowest mintage of the series,
the 1799 eagle was struck using six different pair of dies
with a total of ten different die combinations. All of this,
obviously, was an expensive factor for the early United
States Mint and we can guess what the relief of officials
was when dies lasted longer than ever before.
The first variety of 1801 eagle, BD-1 (as
per Early U.S. Gold Coin Varieties, Bass-Dannreuther) was
struck before the final coins dated 1800 had been minted.
The obverse die appears to have broken early in its use,
causing the rarity of this variety. It is considered to
have an R-5 rarity rating, indicating that an estimated
40 to 50 pieces are known in all grades. The reverse die
used for this variety was first used to strike 1799 dated
pieces, although it appears to have been made in mid 1800.
During the previous year it was also used to strike all
1800 eagles, but it appeared to remain in sufficient condition
to be used one more time for coinage, to create this variety.
The second variety, BD-2 is considered to
be the most common of all early eagle varieties, with an
R-2 rarity rating. Estimates range from 600 to 800 known
in the Bass-Dannreuther reference, although some publications
list a number of close to 1,000 pieces known in all grades.
Whatever the true number is, this variety is available and
is often included to represent the large eagle ten dollar
gold piece in type sets. These two different varieties are
usually identified by the obverse stars. While both being
of the large type commonly used during this era, they are
still distinctive. BD-1 used a punch with short and thick
spines, while BD-2 used spines which were longer and thinner.
The reverses are usually identified by the lower beak of
the eagle, with BD-1 touching the stare, whereas BD-2 does
not.
Unlike many of the previous dates, this
issue has many examples known in mint state condition, although
most are limited in grade by many bag marks. The majority
thus are graded between about uncirculated and MS-62. Higher
graded examples are seen, but become very scarce above MS-63.
MS-64 pieces are very rare, and only a couple pieces have
been confirmed that are graded MS-65. Even more so than
other issues of this type, the lower mint state grades appear
to be influenced by many resubmissions in the population
reports. As such, great care should be taken while classifying
these coins as common, as there might be a lot less examples
on the market than the population reports would indicate.
1801 Eagle - 1801 Gold
Eagle - Information about 1801 Eagle. The 1801 eagle is the most available
ten dollar gold piece of the type minted between 1797 and 1804.