SOLD – $10.00 – 1799 Large Stars PCGS AU50

1799_10_P50_lgst.jpg
1799_10_P50_lgst.jpg
sold out

SOLD – $10.00 – 1799 Large Stars PCGS AU50

19,500.00

Serial Number 8562.50/25057964

PCGS Lookup Number 8562

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BD-10, R-3. Large Obverse Stars; one of just two varieties of 1799 eagle known with this distinctive feature. It is estimated that 300-400 BD-10 eagles are known.

The Heraldic Eagle reverse design was used on the eagle denomination from 1797 through 1804. The 1799 is actually the most common of the seven years in which this design was struck but it is always in higher demand than the 1801 and 1803 (the other two common dates) due to its status as an 18th century gold coin. The 1799 eagle can be found in nearly any grade up to an including MS64 but for every dozen that I see, only one (if that) has the character and originality that would persuade me to buy it for my inventory.

This fresh-to-the-market early Eagle is a full AU55 to AU58 which has been downgraded by PCGS due to a small mark in the right obverse field which appears to be mint-made. The color of this coin is quite lovely with natural medium to deep green gold which turns into a russet hue around the obverse stars and some of the lettering on the reverse. Other than the aforemtioned obverse mark, the surfaces are nearly perfect and this piece does not have the bright, unnatural appearance that characterizes so many early tens currently on the market.

The last 1799 Large Stars Obverse eagle in AU50 to sell at auction was the PCGS coin offered as Heritage 4/11: 5417 which brought $17,250. You have to go all the way back to November 2006 to find another PCGS AU50 at auction; this coin sold for $20,700.

I used to handle alot of early tens but with so many of the coins I see these days so obviously processed, I am now down to just a few each year. This coin has a high degree of “coolness” due to its appearance and its 18th century date of issue and I highly recommend it to the collector who has been waiting for the right Heralidc Eagle ten dollar gold piece to become available for sale.

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