1795 $10 13 Leaves MS 55

  • $110,000.00


PCGS No: 8551
Type: Type 1, Small Eagle
Year: 1795-P
Denomination: $10
Category: Draped Bust $10 (1795-1804)
Grade: MS 55
Certificate Number: 06370631

Description

One of the most important coins ever minted! The Founding Fathers wanted to solidify our country on international markets. The Coinage Act of April 2, 1792 established the first U.S. Mint and defined our monetary system as dollar based. The ten dollar denomination was suggested by Thomas Jefferson and the first gold coins struck by the U.S. Mint were the $5 and $10. As the first gold coins struck by our country they are arguably the most important coins ever struck. They are certainly a milestone in our history. The young United States obviously had to prove sound coinage on the international, as well as local front. The first $10 gold coins were struck in September, 1792. Think about that! The $10 gold coins were struck thru 1804. Then not again until 1838. And the $10 was the largest gold coin and highest denomination in the United States’ financial arsenal until gold was discovered in California and the $20 gold piece was minted beginning in 1850. So this a short-lived type coin…and as such extremely desirable. Because of the big meltings of early U.S. gold coins in the 1820s and 1830s, the early tens survived in very small numbers…adding to the already considerable rarity. And of course, few were saved, especially in Uncirculated condition, as $10 was a lot of money in 1795. This is a beautiful Almost Uncirculated specimen of this classic rare coin icon. The surfaces are clean. And the strike is sharp and well-centered. The surfaces are semi-proof-like. This amazing coin was obviously an early strike from the die. Put this one away and then try to find a comparable 1794 $