1795 gold eagle coin could fly to $246,000 at New Year's Auction



2015-06-26 12:40:55

1795 gold eagle coin could fly to $246,000 at New Year's Auction

Amongst a wide variety of collectibles being offered the ultra-rare 1795 gold eagle coin shines though

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California-based Government Auction will host its seventh annual New Year's sale, featuring rare gold coins, fine jewelry and gems; art and antique music machines.

More than two million dollars in merchandise will be sold to the highest bidder at the event, which is structured as an absentee, phone and internet auction, with internet live bidding available through LiveAuctioneers.

The company traditionally reserves for its annual New Year's sale only the best and most valuable items in its inventory.

"It takes a lot of time to prepare for our New Year's auction, but it's always worth it. Collectors love it because most of the lots have no reserve and start with an opening bid of only one or two dollars," said Chris Budge, of Government Auction's Marketing department.

A strong candidate for top lot of the 2,000-lot sale is a 1795 13-leaves $10 gold eagle coin. Fewer than 5,100 gold eagle coins were minted in 1795 - some with the eagle grasping a branch with 13 leaves and others with nine leaves.

Only 400 to 500 examples of the 13-leaves coin are known to exist. These coins hold strong interest with collectors because they were the first U.S. gold eagle coins to be stamped. Designed by Robert Scott, each weighs 17.5 grams and has 91.7% gold content.

1795 13 leaves gold eagle coin The beautiful 1795 13 leaves gold eagle coin

The coin in Government Auction's sale is graded NGC AU by Numismatic Guaranty Corp., and is expected to make $123,000-$246,000.

Additional coin highlights include an 1882-CC $20 Liberty Head coin, est. $37,500-$75,000; and a 901-S Barber 25-cent coin, est. $70,500-$141,000.

Watch this space for the other varied highlights from this exciting annual auction.

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