Fest Fall Bonus Consign Auction 2 of 2 Day 2
By Key Date Coins
Nov 21, 2022
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 1124:

***Auction Highlight*** 1798/7 Stars 9x4 Draped Bust Gold Eagle $10 BD-1 Graded au58 By SEGS (fc)

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Sold for: $25,000
Start price:
$ 25,000
Estimated price :
$65,000 - $130,000
Buyer's Premium: 18%
Auction took place on Nov 21, 2022 at Key Date Coins
tags:

***Auction Highlight*** 1798/7 Stars 9x4 Draped Bust Gold Eagle $10 BD-1 Graded au58 By SEGS (fc)
***Auction Highlight*** 1798/7 Stars 9x4 BD-1 Draped Bust Gold Eagle $10 Graded au58 By SEGS. Well struck with no adjustment marks visible. The surfaces are golden-orange and deepen slightly within the devices. A beautiful premium quality example. Long considered to be very rare, enough recent appearances seem to support a population of closer to 80 rather than Breen's suggested 18-20 known (per his Encyclopedia). However, most of those known are lower grade circulated examples, unlike this lovely near Mint State coin here. This particular variety is known for having a crack from the border through the letter L in LIBERTY and into the hair just below the cap. Historic note: Minor change came with the eagles of 1798. The expansion of the Union was at such a pace as to threaten to overwhelm coinage designs in the future if a star was added to the design for each new state. This led the Mint director to order a standardization of stars to 13 (for the original Colonies), beginning in 1798 on the eagle. Two arrangements of stars are found in 1798, one die with nine left and four right, and one die with seven and six. All of the 1798 eagles are actually overdates: 1798/7, with the 8 punched into the die over a 7. No perfect date 1798 capped bust eagles are known. The total mintage of 842 1798/7 capped bust eagles makes this the rarest of the capped bust eagles by mintage. Both obverse dies broke early, likely accounting for the cessation of production after so few were made, according to Breen. Tied for 7th finest known. We have included a picture of another au58 and an ms62 for your comparison. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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