1799 $10 Large Obverse Stars MS(PCGS#8562)

The Regency Auction 41

Auctioneer

Legend Rare Coin Auctions

Lot Number

419

Grade

MS65

Price

188,000

Lot Description

Who said there were no more wonderful, amazing coins "out in the wild?" What a marvel! Totally fresh, totally unseen by at least two generations of numismatists, this coin walked into a shop and was recently graded by PCGS! WOW! A bold, brilliant, cartwheel luster swirls around the surfaces of this GEM BD-10. The shimmering brilliance in the fields contrasts wonderfully against the crisply struck, fully frosted devices. The color is bright yellow-gold with some honey- and straw-gold accents. While the obverse shows some very minor, indeed trivial contact, the reverse is exquisite. It always boggles our minds when an ultra high grade piece of early gold crosses our desks. How does a coin like this survive? Off the market for many, many years, it would be an interesting project for the scholar to search through old auction catalogs for this stunning GEM. The early eagles, struck from 1795 to 1804 have a special cache and panache among collectors, especially in such a lofty state of preservation. The denomination was authorized by the Mint Act of 1792. Robert Scot created the elegant capped head of Liberty motif that is perennially popular. PCGS 8, NGC 1. The two most recent examples in MS65 to sell sold for $258,500, including the Bullowa-Pogue coin sold in September 2015. Only three coins have ever graded finer, including 2 in MS65+ and a single MS66 as the FINEST. This magnificent GEM ranks at the upper echelon of known examples and will see very strong bidding when it crosses the block. Type collectors, or anyone who just loves big, impressive gold pieces, take note and be prepared! Cert. Number 40396667 PCGS # 8562.00