DESCRIPTION Spectacular Near-Gem 1801 Capped Bust Right $10Among the Finest Known1801 Capped Bust Right Eagle. BD-2. Rarity-2. MS-64 (PCGS).
This is an absolutely magnificent survivor from the Capped Bust $10 design type that will mesmerize even advanced specialists in early US gold. Rich shades of honey-gold patina accent the brighter lemon-yellow color that dominates the centers. The fields boast a radiant and satiny texture that is complimented by traces of reflectivity on the reverse. The strike is superior for the issue, with strong central definition and traces of die clashing in Liberty's cap, as is typically seen. It is among the finest examples we have ever handled, ranking well above the AU-55 (PCGS) Taraszka specimen but landing just below the MS-65 (PCGS) and MS-64+ (PCGS) Pogue specimens sold in our September 2015 sale. Just 4 coins have been certified finer by PCGS across all varieties, including the aforementioned Pogue coins.
The 1801 BD-2 variety represents the only use of this obverse die and the first of two uses of this reverse die. The large, thin obverse stars are diagnostic of this die marriage, as the BD-1 pairing of this issue has large, thick stars. The obverse and reverse dies of this variety proved unusually hardy by the standards of the early eagle series, both striking 30,000 to 40,000 coins in this pairing and the reverse going on to produce an additional 7,500 to 10,000 coins in the 1803 BD-3 marriage.
Dannreuther estimates that only 600 to 800 coins are extant from the 1801 BD-2 dies, the vast majority of which are found in high-AU and lower Mint State grade up through MS-62. This variety becomes a notable rarity at the Choice level, and only about 10 Gem examples are known. The present MS-64 (PCGS) represents an historic opportunity, fit for a world-class cabinet or Registry Set.PCGS# 8564
.NGC ID: 2627
PCGS Population: 36; 4 finer through MS-65.