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December 6 , 2013

COIN OF THE WEEK

 

1894 Eagle Gold $10 NGC PROOF 63 CAM
Click on Coin Image to enlarge


1894 Eagle Gold $10 NGC PROOF 63 CAM - $20,200.

Presenting a mind blowing 1894 Eagle Gold $10 in NGC PROOF 63 CAMEO! Yours for only $20,200.00. Please contact me by email or telephone to reserve this great coin.

Proof gold coins of this caliber are always in demand for their rarity and beauty.

Proof 1894 Eagle - 1894 $10 NGC PF63 CAM. Here is a razor-sharp, low mintage ( 43 ) 1894 Proof Cameo Eagle that has the look of classic proof gold in gem condition. This seldom seen or offered proof gold coin has frosted yellow-gold devices that sharply contrast with mirrored fields to produce the cameo effect. The colors and luster affirm the coin’s originality. The surfaces are clean for the grade with virtually no contact marks or other distractions. The strike is absolutely fabulous with full details on the centers of the stars, Liberty’s hair, the eagle’s neck, and the area to the lower left of the eagle. This is a rare opportunity for the collector and investor.

In 1804 President Thomas Jefferson stopped the mintage of eagles. Because its melt value exceeded its monetary value, there was excessive melting of theses coins. Over thirty years later, the standard weight and fineness for gold coins was changed. Eagles went from 270 grains to 258 and fineness from 91.67% to 90% gold. In 1838 Mint Director Patterson told Engraver Gobrecht to prepare new dies for the eagle.

Gobrecht, using a head of Venus with a slightly altered hair style that he took from a Benjamin West painting, replaced Robert Scot’s Turban Head with a completely new design. The coin shows Liberty facing to the left, to the West or perhaps the frontier, wearing a coronet inscribed with the word LIBERTY instead of a cap as on the previous design. Her hair is tied with beads, and two long curls fall down, one on the back of her neck and the other below her ear. The design is similar to his Braided Hair Coronet motif used on Large Cents of 1839 to 1857. For the reverse, Gobrecht used a revised version of John Reich’s eagle reverse. The new reverse shows the corrected heraldry, arrows in the left claw and olive branch in the right. The previous design had them mixed up causing confusing war-like symbolism. Gobrecht also removed the stars and clouds above the eagle and added the denomination TEN D. below. Previous eagles lacked this information because they were thought of as bullion and were valued by their weight and precious metal content as was the case with the European coins that circulated and were accepted in the United States.

Both before and during the Civil War almost a dozen Protestant denominations pressured Congress to add references to God to the Constitution and other government documents. Reverend Mark Richards Watkinson was the first to write to Treasury Secretary Salmon Chase to request that God’s name be added to our coinage. His suggestion for a motto was “God, Liberty, Law.” Chase ordered Mint Director James Pollock to prepare a suitable motto. Pollock’s suggestions included “Our Trust Is In God,” “Our God And Our Country,” and “God Our Trust.” Then Chase decided on “In God We Trust” to be added to most of the nation’s coinage. This motto was a subtle reminder that the North considered itself on the side of God with regard to the issue of slavery. A new law was required to allow the motto to be added since previous acts of Congress specified the mottos and devices that were permitted on coins. The new motto was placed on all coins that were deemed large enough to accommodate it.

The Type 2 eagle was created when the motto IN GOD WE TRUST was added to a banner above the eagle in 1866. The motto remained until 1907, when President