Collectors and enthusiasts were recently captivated by the sale of an exceptionally rare coin, the 1804 $10 Crosslet 4 Eagle, which fetched a remarkable $77,625 at auction. This gold coin is not only celebrated for its historical significance but also for a unique error that has dramatically increased its value.
Historical Context of the 1804 Gold Eagle
The 1804 $10 Crosslet 4 Eagle occupies a unique position in the history of American coinage. It was minted during a turbulent time in the early 19th century when the United States Mint was transitioning and facing challenges in record-keeping and production.
Key Historical Facts:
- Minting Records: Between June 1 and December 31, 1804, official Mint records indicate six separate deliveries of eagles, totaling 9,795 coins.
- Confusion with Dates: A large portion of these coins were believed to have been dated 1803, creating ambiguity in the exact number of 1804-dated coins produced.
- Estimated Mintage: Experts suggest that around 3,500 coins were minted in 1804, with an additional 257 coins from the last deliveries likely bearing 1803 dates.
The rarity of the 1804 $10 Crosslet 4 Eagle stems from this limited production and the confusion surrounding its exact mintage.
The Error That Enhances Its Value
What makes this coin particularly unique—and valuable—is a crosslet “4” error in the date. The crosslet design, which features decorative flourishes on the number four, was not standard, making this an intriguing variation for collectors.
Grading and Toning Details
The auctioned coin was graded MS62 by the Numismatic Guaranty Corporation (NGC), a respected authority in coin grading. This indicates the coin is in mint state condition with minor imperfections visible only under magnification.
Adding to its allure was the unique toning, a natural patina that develops on coins over time. Toning can vary in color and intensity, with some patterns considered highly desirable by collectors. In this case, the toning contributed to the coin’s appeal and boosted its auction value.
Auction Highlights
The sale was conducted by Heritage Auctions, a leading name in rare coin auctions. The final price of $77,625 far exceeded the expectations of many in the numismatic community, underscoring the enduring fascination with rare and historically significant coins.
Conclusion
The 1804 $10 Crosslet 4 Eagle is a testament to the value of rarity, historical significance, and unique errors in numismatics. While its mintage figures remain a subject of debate, the coin’s recent auction highlights its appeal to collectors and its status as a prized piece of American history.
If you believe you may have a rare coin in your collection, it’s worth consulting a professional grading service like NGC or PCGS to assess its value.
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