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CSNS Signature Sale 1374  8-10 May 2024
Session 1 begins closing in
22 hr 13 min 6 sec

Starting price: 1 USD
Current bid: 11 500 USD
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Early Eagles
1804 $10 Crosslet 4, BD-1, High R.4, AU58 PCGS. Bass-Dannreuther Die State b/b, with peripheral die cracks from the date through star 1 on the obverse and the lower legend on the reverse. According to Mint records, a tiny production of 3,757 Capped Bust Right eagles was accomplished at the Philadelphia Mint in 1804, but some of those coins were struck from 1803-dated dies. Die state analysis of the reverse die, which was also used to strike the rare BD-6 variety of 1803, reveals that the 1803 BD-6 coins were actually produced after the 1804-dated eagles were struck, so those pieces were included in the reported mintage. It was not unusual for the Mint to continue using coinage dies as long as they were serviceable, regardless of calendar date. Two die varieties are known for the 1804-dated coins, but only the BD-1 variety, with a Crosslet 4 in the date, was actually produced in 1804. The extremely rare BD-2 variety, with a Plain 4 in the date, was struck in proof format 30 years later for inclusion in the diplomatic presentation proof sets sent to various foreign rulers. Those sets also included the famous 1804 dollars and representatives of other contemporary denominations in 1834.
The present coin is a representative of the elusive BD-1 variety. John Dannreuther estimates that the BD-1 dies were used to strike at least 2,500 examples of the reported mintage, with the balance accounting for the rare 1803 BD-6 coins. The BD-1 is a scarce variety, with a surviving population of 80 to 100 examples in all grades. This impressive near-Mint specimen exhibits just a trace of friction on the high points of the design elements. Like almost all examples seen, some softness is noted on the central devices. The lightly abraded orange-gold surfaces retain traces of original mint luster in sheltered areas and the overall presentation is most attractive. Population: 7 in 58 (2 in 58+), 14 finer (3/24).

https://coins.ha.com/itm/early-eagles/1804-10-crosslet-4-bd-1-high-r4-au58-pcgs/p/1374-173019.s?type=DA-DMC-CoinArchives-USCoins-1374-05082024

HID02906262019

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