1801 $10 Eagle PCGS MS-62
Mint State Early Gold - Large Eagle |
 From an original mintage of 44,344 , the 1801 Gold Eagle is not rare in comparison to some other date. It is estimated that there may be 150 examples in Mint State 62 or better, but that is only part of the equation.These are truly beautiful coins from the earliest days of the Republic No gold Type set is complete without one, and the allure and mystic that surrounds them makes for a solid purchase.
Early Mint State Gold has proven to be a stable and sought after investment |
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Although Chief Engraver Robert Scot is credited with the Heraldic reverse, numismatic researchers believe that he was aided in the preparation of the first dies by assistant John Smith Gardner, who started work at the Mint in 1794, but quit less than two years later, supposedly unsatisfied with his compensation. No doubt he was also weary of Scot’s constant harassment, which the marginally competent Chief Engraver heaped on anyone he thought might threaten his position.
The Philadelphia Mint made 119,248 eagles of this design between 1799 and 1804, but many were destroyed in the huge melts that took place throughout the early part of the 19th-century. As the world price of gold rose in response to France’s “Reign of Terror” and the Napoleonic Wars, large quantities of U.S. gold coins disappeared across the Atlantic as just so much bullion. |
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