1797 $10 LARGE EAGLE MS62+ PCGS CAC

The 1797 Capped Bust Right Eagle with the Heraldic (Large) Eagle reverse is a landmark transitional issue in early United States gold coinage, struck at the Philadelphia Mint during a formative period when the nation was refining its monetary system under the framework of the Coinage Act of 1792. With a mintage of just 10,940 pieces for the Large Eagle subtype—produced after the mid-year abandonment of the earlier Small Eagle reverse—this issue introduces the Heraldic Eagle design derived from the Great Seal of the United States, a more formal and enduring motif that would remain in use on federal gold coinage through 1804. The obverse portrait, attributed to Robert Scot and influenced by neoclassical engraving traditions, reflects the Mint’s early artistic ambitions despite the limitations of hand-prepared dies and relatively primitive striking equipment. Four die varieties are known for 1797, including one Small Eagle and three Heraldic Eagle marriages, highlighting the experimental and evolving nature of early Mint production. Most examples entered circulation in a bullion-driven economy or were later melted during recoining cycles, leaving an estimated survival of approximately 250 pieces across all grades today, with high-grade survivors firmly within the Condition Census and rarely encountered in the marketplace. This Select Uncirculated example is an outstanding representative, exhibiting bright, original luster that flows evenly across both sides and enhances a rich golden coloration with subtle tonal variation. The surfaces are notably well preserved for an early gold issue of this vintage, displaying only light, scattered marks that do not detract from the overall eye appeal, resulting in a balanced and highly attractive presentation. As a first-year Heraldic Eagle type and an early product of the Mint’s advancing capabilities, this coin offers exceptional historical importance paired with superior preservation, representing a rare opportunity to acquire a high-level example of one of the foundational issues in United States gold coinage. PCGS Price Guide $200,000; PCGS pop 1 with 7, whilst a CAC pop 1 with 3 finer. The last ms62 cac sale was for $180,000 11/22 SB, four years prior. Today you will never see such a coin available.

PCGS Cert Verification #53059966

• PCGS Price Guide -$200,000
• PCGS POP - 1/7
• CAC POP - 3 Finer
• PCGS Coin# 8559