Date…….1795 13 Leaves
PCGS Price Guide……...66500
PCGS Lookup Number…….8551
Outstanding 1795 Eagle
Other early $10s are rarer but none is more iconic than the 1795 which has been coveted by generations of collectors due to its status as the first year of issue for the Eagle denomination. A total of 5,583 were produced and while there are hundreds known, only a small percentage of these have survived the ravages of time with their natural color and surfaces intact.
This outstanding example, which is fresh to the market, is an extremely solid coin for the grade. It shows the majority of its original color with very attractive green-gold and russet hues which deepen peripherally. The strike is better than average for the issue with just a bit of weakness seen on the breast of the eagle; the hair strands of Liberty are individually defined. There is a moderately recent scrape on the rear of the jaw and a few light ticks on the reverse which are not especially detracting. Most 1795 eagles graded AU53 to AU55 are bright and scrubby, but this piece is uncommonly appealing for the grade.
There have been five APRs for this date in PCGS AU53 since 2012 and the rate of sale at auction is around one per year. The most recent record is Heritage 2018 FUN: 5056 at $61,200 for an example which is fairly washed-out and not as nice as the present piece. The best comparable, in terms of quality, is Heritage 2013 ANA: 5870 at $64,625 which seems fairly even to the present piece in terms of appearance.
PCGS has graded 25 1795 eagles in AU53 with 105 finer for a total of 220 in all grades; these figures are likely inflated by resubmissions. The PCGS Price Guide for this date in AU53 is $66,500. I have seen two PCGS AU53s trade wholesale in the last six months in the low $60s and both were decidedly inferior to this coin, in my opinion.
For many collectors, a nice mid-range AU is the ideal 1795 eagle for their type set as higher grade pieces are very expensive and very infrequently offered.
We are proud to offer this impressive coin and we anticipate that it will become the centerpiece of its new collection!
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