The rare 1804 $10 Crosslet 4 Gold Eagle coin recently sold for an impressive $77,625 at a Heritage Auctions event. This coin, which was graded MS62 by the Numismatic Guaranty Corporation (NGC), is prized for its historical significance, unique error, and stunning appearance. Let’s explore why this coin caught the eye of collectors and commanded such a high price at auction.
A Bit of History Behind the 1804 $10 Gold Eagle Coin
The 1804 $10 Gold Eagle, also known as the Crosslet 4 Eagle, is a significant piece in U.S. coinage history. This coin was minted during a time of change and uncertainty in the early 1800s. According to Mint records, around 9,795 gold eagles were delivered in 1804. However, a large portion of these coins were actually stamped with the year 1803. As a result, experts believe that only about 3,757 coins truly bear the 1804 date. This historical confusion makes the 1804 coin both rare and highly valued among collectors.
What Makes the Crosslet 4 Error Unique?
One of the standout features of the 1804 Crosslet 4 Eagle is an error in the coin’s date. The number “4” in 1804 is marked with a “crosslet,” a tiny design element that appears as a cross-like detail. This crosslet error is unusual and helps make this coin highly sought after. Additionally, this particular coin features a planchet lamination defect on the upper left wing of the eagle design. This flaw adds even more uniqueness, making the coin a true collector’s item.
1804 Crosslet 4 Gold Eagle
| Feature | Description |
|---|---|
| Year | 1804 |
| Type | Crosslet 4 Gold Eagle |
| Grading | MS62 by Numismatic Guaranty Corporation (NGC) |
| Unique Features | Crosslet 4 error and planchet lamination defect |
| Toning | Bright yellow-gold with lilac and orange splashes |
| Auction Price | $77,625 |
How Does Toning Add to the Coin’s Value?
In addition to its rare design, this 1804 Gold Eagle has eye-catching colors known as “toning.” Toning happens naturally over time as the metal interacts with its environment, often adding shades like lilac, orange, and gold to the coin’s surface. This coin’s rich yellow-gold color, along with splashes of lilac and orange, gives it an extra layer of appeal. Coins with beautiful toning often attract higher bids, as collectors prize this unique visual quality.
Why Is the 1804 Gold Eagle So Rare?
The scarcity of the 1804 Gold Eagle is largely due to confusion over its mintage numbers. While 9,795 coins were struck in 1804, many carried the date 1803. Only a small batch of 3,757 coins bore the 1804 date, making them rare and highly prized.
FAQ’s
What makes the 1804 Crosslet 4 Gold Eagle valuable?
The coin’s rarity, crosslet error, lamination defect, and attractive toning all increase its value.
What does “Crosslet 4” mean?
“Crosslet 4” refers to a small cross-like mark on the “4” in the date, which is a rare error that collectors value highly.
How does toning affect a coin’s value?
Toning adds unique colors to a coin’s surface, enhancing its appearance and sometimes increasing its value at auction.