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Washington Wednesday: 1792 $10 Washington Gold Eagle Pattern NGC XF45 Star, Unique

 
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 Posted 01/20/2021  6:48 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
1792 $10 Washington Gold Eagle Pattern, Musante GW-31 (A), Unique, XF45 NGC. We are proud to present Eric P. Newman's famous 1792 Washington President gold eagle pattern. In many ways, the appearance of this storied gold Colonial represents a culmination of sorts, a capstone, to our ongoing presentation of the incomparable Eric P. Newman Collection. Not only was the Washington President gold piece Eric's favorite coin, it is monumentally important as the earliest gold pattern submitted for consideration as a United States coin.



Obverse - A stately uniformed bust of Washington facing left, surrounded by WASHINGTON PRESIDENT above and 1792 below. The T of PRESIDENT is above the lower part of the bust. The engraver's center dot is present. Dentils appear completely around the circumference.

Reverse - A heraldic eagle looking left, in the style of the Great Seal design. In its beak, the eagle holds a banner with the motto UNUM E PLURIBUS. On its breast, the United States shield. In its left talon, the eagle is grasping a bundle of 13 arrows; in its right is an olive branch. Above the eagle's head is a solitary star. Above that star is a curved row of 12 stars, making 13 stars total. The engraver's center dot is present. Dentils appear completely around the circumference.

Edge - Lettered: UNITED STATES OF AMERICA +

Surfaces - Gentle wear equating to a Choice Extremely Fine grade appears on both sides of this canary-gold example with faint hairlines and trivial marks of no consequence. The surfaces show a slight gloss consistent with pocket pieces that have not actually seen circulation. The strike is nicely centered, and all aspects indicate a carefully produced coin. Delicate peripheral rose toning enhances the exceptional eye appeal.

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 Posted 01/20/2021  6:50 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Neat,so what's that puppy worth?
John1
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 Posted 01/20/2021  7:07 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
Neat,so what's that puppy worth?


$1,740,000, and as crazy as it sounds I think that it's undervalued.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
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My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
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 Posted 01/20/2021  7:10 pm  Show Profile   Bookmark this reply Add Bud250r to your friends list Get a Link to this Reply
I think I read somewhere that it is supposedly George Washington's
Pocket piece. What a piece of history.
Edited by Bud250r
01/20/2021 7:11 pm
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 Posted 01/20/2021  7:14 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
OMG!
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 Posted 01/20/2021  7:23 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Incredible!

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 Posted 01/20/2021  10:23 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
$1,740,000, and as crazy as it sounds I think that it's undervalued.

Wasn't that a few years ago at some auction? So yeah, probably undervalued in today's market
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 Posted 01/20/2021  10:46 pm  Show Profile   Bookmark this reply Add psuman08 to your friends list Get a Link to this Reply
That is fantastic! I'll let you know what I pay for it after collecting my Powerball winnings.
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 Posted 01/20/2021  10:49 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
Wasn't that a few years ago at some auction?


Even then I thought that it was likely around 2.2-2.3m
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 01/20/2021  11:08 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Was the first owner really Washington, or is that just a story? Who owned it before Colonel Green *as noted on the slab?)
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 Posted 01/21/2021  12:27 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
The $1,740,000 sale was August 2018. I recall people thinking it would go much higher back then. Lots of info in the previous listing here:
https://coins.ha.com/itm/colonials/...bnail-071515
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 Posted 01/21/2021  5:06 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Way to low IMO, it's a $2.5 to $3 million dollar coin/patter all day ling. Col. Green pedigree? 1792 Date? First gold pattern of the USA? Yes please.
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 Posted 01/25/2021  01:24 am  Show Profile   Bookmark this reply Add newguy22 to your friends list Get a Link to this Reply
Interesting that the grade is XF45 given this coin probably never circulated. I wonder who carried it? Could it have been the George Washington himself?
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