1801 $10 Draped Bust Large Eagle PCGS AU55 CAC

$24,509.00

 

 

This new reverse was a marked improvement over the “scrawny” eagle seen on the Small Eagle Type. The first coin to display this new reverse was the quarter eagle of 1796.

This series is rich in varieties for the advanced collector to acquire and study. Many of the varieties are in the number, placement and size of the stars, both obverse and reverse. Also of interest to collectors are the overdates within the Type, and a myriad of obverse-/reverse-die marriage pairs.

The 1804 issue is of particular note. Although the series came to an end in 1804, four additional coins were struck in 1834 for inclusion in diplomatic presentation sets. One of these four was discovered in the legendary King of Siam set.

By 1804, American gold coins had more value as bullion than as coins. This led to the wholesale melting of our gold coins. As soon as coins left the Mint they were exported and melted. President Thomas Jefferson gave the Mint a verbal order to cease production of Eagles; they would not be seen again until 1838.

 

 

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