ON HOLD - $10.00 - 1799 Small Stars Obv. PCGS AU50 CAC

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sold out

ON HOLD - $10.00 - 1799 Small Stars Obv. PCGS AU50 CAC

23,500.00

Date…….1799 Small Stars Obverse
Grade…….PCGS AU50 CAC
PCGS Price Guide………16500
Population (PCGS)…….16/141
Population (NGC)……...2/37
Population (CAC)…….…1/24
Serial Number…….98562.50/36088410
PCGS Lookup Number…….98562

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PCGS Graded AU50 and Approved by CAC

BD-2, High R-5

The 1799 is the most available date of this type but it is always more highly sought-after than the 1800, 1801 and 1803 as a type coin due to its status as an 18th century issue. There are nine different die varieties of which only one doesn’t show small-sized stars on the obverse. BD-2 is a somewhat scarcer variety with an estimated 35-45 thought to exist.

The advent of CAC has clearly shown that Heraldic Eagle ten dollar gold pieces are extremely difficult to locate with choice surfaces and nice original coloration. As a date, PCGS and NGC have combined to grade 80 1799 eagles in AU50 (65 by PCGS and 15 by NGC) yet the present example is the single example in this grade approved by CAC. Even factoring in for resubmissions, this is a tiny percentage and the relatively similar numbers are seen with coins graded AU53 and AU55.

This coin has been off the market for many years and it comes from a specialist’s collection. It is very boldly detailed on a high-quality planchet and this is despite the fact that there is a noticeable obverse die crack from the rim outside of the L in LIBERTY down into the cap. Both sides show attractive rich natural coppery-orange color which deepens at the borders. There is a small circular toning spot in the middle of the left obverse field and a larger splash of color on PLUR in the motto on the reverse. The surfaces are uncommonly clean with no detracting marks and this is about as pleasing a coin for the grade as you are likely to locate.

The only comparable 1799 Small Stars Obverse $10 to sell at auction in recent years was Heritage 2017 ANA: 4153 which wasn’t approved by CAC yet still realized $21,150. No CAC approved PCGS AU50 1799 Large Stars $10 has sold at auction and the last two pieces to cross the block brought $14,688 in June 2016 and $17,625 in January 2016.

The demand for PCGS/CAC 1799 eagles in AU grades is extremely high and this is the first relatively affordable example I have been able to offer in a number of years.