Coin Specifications

Category: Draped Bust $10 (1795-1804)
Mint: Philadelphia
Mintage: 10,940
Catalog: KM-30
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 17.5000g
AGW: 0.5154oz
Melt Value: $553.49 (11/25/2015)
Diameter: 33mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1797 LARGE EAGLE $10 MS obverse 1797 LARGE EAGLE $10 MS reverse

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Description & Analysis

Take a one dollar bill out of your pocket or purse and look at the reverse. If you are not a specialist in early gold and yet the Large Eagle design on this early eagle looks familiar, it is because both are renditions of the Great Seal of United States. Even today the one-dollar-bill version shows a straight-sided shield attached to the eagle's breast, with outstretched wings and E PLURIBUS UNUM on a scroll. On the early eagle design, however, a heraldic miscue exists: The eagle clutches the olive branch of peace in his sinister, or less-honorable, claw, while the arrows of war are in his dexter, or more-honorable claw, in effect signaling 'war is more honorable than peace.' That heraldic snafu is rectified on the one dollar bill.

The twenty dollar double eagles were latecomers to American numismatics, making their debut in 1850 only after the discovery of vast reserves of gold in California. The Bass-Dannreuther Early U.S. Gold Coin Varieties (2006) makes some interesting comments regarding the majesty and impressive beauty of this largest of early U.S. gold coin denominations: The early eagles are some of the most prized acquisitions in all of numismatics. The Large Eagle type is full of rarities and there really are only two dates that can be considered available. Calling the 1799 and 1801 common is only relative, as the number of survivors of each date is probably in the high hundreds or certainly not many more than a thousand of each date. Every early eagle date is rarer than, say, an 1856 Flying Eagle cent and many times rarer than a 1909-S V.D.B. Lincoln cent. These too are great collector coins, but when one gazes upon an early eagle, there is a certain thrill in just viewing such an impressive coin.

The Small Eagle ten dollar pieces were struck with dates 1795, 1796, and 1797, but the mintage was probably produced only from September 1795 until June 1797. A single variety of 1797 Small Eagle is known, while there are three variants of the 1797 Large Eagle coins, from a single obverse die and three reverse dies. The common obverse shows a die crack running from the rim through the last 7 in the date and onward to the bust on all known specimens. The stars are arranged 10 and six. The inner point of star 10 grows successively shorter, through lapping, when paired with each subsequent reverse.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 10/13/2015

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Total Graded: 166
Low Grade: VF
Average Grade: 55
High Grade: 64

Upcoming Auctions

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Sale / Lot
12/6/2015 AU Details  Heritage Auctions 2015 December 3 - 6 Houston Money Show US Coins Signature Auction - Houston Session(1), 1227/Lot# 3373

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
4/3/2006 NGC AU 58   David Lawrence Rare Coins Auction 81: The Leesburg Sale, 86/Lot# 1072 $35,075.00
5/24/2009 NGC MS 61   Goldberg May 24-27, 2009 Pre-Long Beach Coin and Currency Auction, 53/Lot# 1326 $43,700.00
4/27/2011 NGC VF 25   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(3), 1154/Lot# 5416 $14,950.00
3/17/2013 PCGS AU 53   GreatCollections GreatCollections Coin Auctions 03/17/2013, 66/Lot# 104342 $26,070.00
11/6/2014 NGC AU 58   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(2), 1211/Lot# 4006 $32,900.00
7/17/2015 PCGS   Stack's Bowers July 2015 Baltimore Auction, 6105/Lot# 5222 $52,875.00
10/29/2015 PCGS MS 61   Heritage Auctions 2015 October 29 - November 1 US Coins Signature Auction - New York Session(1), 1225/Lot# 3543 $42,887.50

NGC Registry

NGC Registry Score 1797 LARGE EAGLE $10 MS
1797 LARGE EAGLE $10 MS Prooflike
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