Thoughts on this 1795 $10 Eagle

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AnkurJ
AnkurJ Posts: 11,375 ✭✭✭✭
in U.S. Coin Forum
First let me say, I am NOT buying this coin. I was intrigued that NGC did not grade it due to plancet flaws. I always thought planchet flaws were a MINT error, and were acceptable with coins. The details on this coin are very nice, especially on the reverse.

What is everyones thoughts on it?

1795 $10 Eagle

AJ
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

Comments

  • lkeigwin
    lkeigwin Posts: 16,895 ✭✭✭✭✭
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    I'm guessing the "small scrapes" contributed to the details grade.
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • Patches
    Patches Posts: 1,700 ✭✭✭
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    I don't know a lot about the series, but I do like it overall. Seems like a good value for someone who can't afford an undamaged one.

    "Popular 1795 BD-1 Eagle, AU Details
    1795 $10 13 Leaves--Obverse Planchet Flaw--NGC Details. AU. Breen-6830, Taraszka-1, BD-1, High R.3. Attributed by star 11 being close to the serif of Y in LIBERTY, the tip of 5 in the date overlapping the bust, and the leaf virtually touches the U in UNITED. This is the most plentiful of the five 1795 varieties and popular as a type coin.
    The obverse has numerous planchet flaws intermingled with small scrapes. The reverse is similar although less severe. Both sides have hints of green on the rose-gold surfaces. An acceptable example for the budget-minded type collector.(Registry values: P5) (#8551)"

    Bolded text above is why it's probably in an NGC holder, but what do I know.
  • Swampboy
    Swampboy Posts: 13,264 ✭✭✭✭✭
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    Maybe it was the scrapes not the planchet flaws that warrranted the details holder.

    edit to say Ooops. Too slow. image

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • LanLord
    LanLord Posts: 11,756 ✭✭✭✭✭
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    I suppose IF I could afford something like that, I'd want one with no flaws. But, those really don't seem all that severe to me.

    If someone handed it to me, I'd be happy.
  • DennisH
    DennisH Posts: 14,041 ✭✭✭✭✭
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    Despite its warts, I find it pretty attractive. There are certainly worse ones out there.
    When in doubt, don't.
  • Broadstruck
    Broadstruck Posts: 30,497 ✭✭✭✭✭
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    Most of these Net Graded Planchet Flaw coins have more issues then just stated on the slab insert. Just like a gambler who only mentions his wins at a casino... Collectors in this hobby rarely mention their losses. About 2 years ago I took a chance on a chunk of southern gold with a planchet lamination in a NCS holder, which I was sure based on the images I could get it into a PCGS holder. It was non returnable and upon arrival in the post office parking lot I knew I just took a hit as it was also cleaned. So AnkurJ if I've been a lil hard on you in all these problem gold threads it's based on my own experience as I took a 30+% loss finding that coin a new home. And since then almost every other likewise designated coin I've seen at shows is also plagued with multiple issues... as yes a lamination by itself is a mint error.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • DUIGUY
    DUIGUY Posts: 7,252 ✭✭✭
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    Allways buy the best grade you can.
    if that means waiting a while. do so. image
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • AnkurJ
    AnkurJ Posts: 11,375 ✭✭✭✭
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    True Duiguy. Has anyone seen a VF example?
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • BillJones
    BillJones Posts: 35,942 ✭✭✭✭✭
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    I would say that this coin’s problems are twofold. First the gold and the copper were not mixed well which caused the coin to have extensive copper streaking. After that someone may have tried remove the copper streaking which resulted in surface flaws on the coin. Some of the surface areas may be laminations .

    There are also some rim marks, which are not mint caused. The worst of them is at 10 o’clock on the obverse. That mark alone would be enough to make me think twice about giving this piece a clean grade.

    Overall I’d characterize this piece as very desirable type coin with a number of problems, while not catastrophic , are enough to make this piece less than deserving of a non-netted grade.

    Here is the piece from my collection of the same variety. This one is graded PCGS AU-53. It is a nice AU, but it as a number of small marks that account for the grade below AU-55.

    imageimage
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • speety
    speety Posts: 5,424 ✭
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    I've always wanted an example of the small eagle gold ($5 or $10) and a small eagle half dollar. That being said, i would not want this to be my example. I agree with BillJones, the rim defects alone would make it non problem-free imho.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • AnkurJ
    AnkurJ Posts: 11,375 ✭✭✭✭
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    Looking through Heritage records, the only ones I can afford are problem ones. So I will have to wait until I can afford a nicer one.

    I have me eye on this though:

    http://coins.ha.com/common/view_item.php?Sale_No=1140&Lot_No=1615

    AJ
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

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