Collection: Type 1, Small Eagle (Draped Bust $10)

Designed by: Robert Scot
Issue Dates: 1795-1797
Composition: 91.67% gold, 8.33% copper
Diameter: 33 mm
Weight: 17.5 grams (270.06 grains)
Edge: Reeded
Business Strike Mintage: 13,344
Proof Mintage: None

1795–1797 Capped Bust Right Eagle – Small Eagle Reverse | First $10 Gold Coin Issued by the U.S. Mint | Iconic Early American Rarity

The $10 Eagle, ... Read More

Designed by: Robert Scot
Issue Dates: 1795-1797
Composition: 91.67% gold, 8.33% copper
Diameter: 33 mm
Weight: 17.5 grams (270.06 grains)
Edge: Reeded
Business Strike Mintage: 13,344
Proof Mintage: None

1795–1797 Capped Bust Right Eagle – Small Eagle Reverse | First $10 Gold Coin Issued by the U.S. Mint | Iconic Early American Rarity

The $10 Eagle, the highest denomination authorized under the Coinage Act of 1792, made its debut in late 1795, establishing an enduring legacy in early U.S. coinage. This inaugural design, known as the Capped Bust Right, Small Eagle reverse, was struck through 1797 and represents a vital pillar in any early American gold type collection.

The obverse features Miss Liberty facing right, draped in classical fashion and wearing a soft cloth cap tied with a ribbon. Stars appear to the left and right, while LIBERTY arcs above and the date is placed below. The reverse is inspired by ancient Roman cameos and features a delicate small eagle perched on a palm frond, holding a wreath aloft in its beak. The national legend UNITED STATES OF AMERICA encircles the design. Notably, no denomination is inscribed—an attribute typical of the earliest federal gold issues.

With a combined mintage under 15,000 coins across all three years (1795–1797), this type is rare in any grade. However, attractive examples in Very Fine to About Uncirculated condition can occasionally be sourced by seasoned collectors or offered in major auctions. Uncirculated specimens are true trophies and appear only infrequently, most often when prestigious cabinets such as Norweb, Eliasberg, or Bass are brought to market. When encountered, Mint State coins often exhibit mirror-like prooflike surfaces, especially those dated 1795, adding a level of eye appeal that is unmatched among early federal gold types.

For collectors seeking a quintessential early American gold issue, the Capped Bust Right Eagle with Small Eagle reverse offers historical gravitas, aesthetic beauty, and undeniable rarity—cementing its place as one of the most sought-after type coins of the 18th century.