1839/8 LIBERTY $10, TYPE OF 1838, NO MOTTO, COV. EAR MS55

HEAD OF 1838. A TWO YEAR TYPE COIN. ONLY 25,801 STRUCK.
Grading Service: NGC
SKU: 130809
Cert Number: 3752547011
NGC Population: 17**
NGC Graded Higher: 39**
$13,500.00**
$11,950.00

Robert Scot's Large Eagle design replaced his Small Eagle motif on the reverse of the Ten-Dollar gold piece in 1797.  According to Walter Breen, the first 10,840 Capped Bust Right Eagles of the new design were delivered between June 7, 1797 and January 30, 1798.  Mintages remained erratic through 1804, probably because coinage operations were halted when much of the population fled Philadelphia to avoid the yearly yellow fever epidemics.  Nevertheless, Large Eagle Tens were produced with every date from 1797 through 1804 with the sold exception of 1802.  The gerat rarities of this series are both varieties of the 1798/7 and the final-year 1804, with the 1797 and 1800 also being a bit scarcer than the 1803 and much more elusive than the 1799 and 1801.

On order of President Thomas Jefferson, the Mint halted Eagle (or Ten-Dollar gold) production on December 31, 1804.  The reason for this is exactly the same as with the Silver Dollar: extensive melting by bullion dealers resulted in a net loss to the federal government.  No more Eagles would be struck until the beginning of the Liberty series in 1838.

**Source: NGC Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.