1799 Draped Bust $10 Gold Eagle — A Landmark Early American Rarity
Among the most admired coins in U.S. numismatics, the 1799 Draped Bust $10 Gold Eagle stands as a symbol of the young American republic and its earliest federal coinage. These large gold eagles, struck between 1795 and 1804, represent some of the most historically significant gold issues ever produced by the U.S. Mint. With bold portraiture, classic heraldic details, and extremely low surviving populations, they remain essential centerpieces in advanced collections.
This example, dated 1799 with the Large Stars obverse, remains sharply detailed despite a noted scratch, placing it in the AU Detail tier and offering substantial collector appeal.
Specifications & Technical Details
Type: Draped Bust $10 Gold Eagle
Year: 1799
Mint: Philadelphia
Denomination: $10
Composition: 91.67% gold, 8.33% copper (22k)
Weight: 17.5 grams
Diameter: 33 mm
Die Variety: Large Stars Obverse
Certification: PCGS Genuine – Scratch, AU Detail
The 1799 eagles were struck in small numbers relative to later 19th-century issues, and many surviving examples show heavy circulation or damage. AU Detail coins with sharp remaining strike strength are increasingly scarce on the market.
Condition & Authenticity
This PCGS-certified example displays strong detail across Liberty’s portrait, hair, and drapery, along with defined feathers and shield lines on the heraldic reverse. The noted scratch places it into an AU Details designation, but the level of remaining detail preserves much of its numismatic and historical value.
For early gold, authentication and certification are absolutely critical. These coins are among the most counterfeited U.S. issues due to their high gold content and early date. Professional verification protects collectors and establishes the provenance and legitimacy needed for insurance or future resale.
Estimated Appraised Value
Estimated Appraised Value: $11,000 – $15,000
This estimate reflects:
strong remaining detail
stable market demand for early gold eagles
PCGS certification
relative scarcity of AU Details examples with attractive surfaces
Unproblematic AU-graded specimens often exceed $22,000–$30,000, while details-grade examples fall into the range listed above depending on eye appeal, severity of the noted issue, and strike strength.
Legacy & Value
The Draped Bust design series is the foundation of early American federal gold coinage. Collectors seek 1799 eagles not only for rarity but for their direct connection to the fledgling U.S. Mint and the economic history of post-Revolutionary America. Values for early U.S. gold have remained strong for decades, with long-term performance driven by historical importance and international collector demand.
As interest in pre-1800 gold continues to grow, authenticated examples like this remain exceptionally desirable holdings for both collectors and investors.
The Importance of Appraisal & Authentication
Early U.S. gold requires precise evaluation of strike, originality, surfaces, tooling, and potential repairs. Even a small detail like a scratch or old cleaning can significantly influence value, making professional appraisal essential. Accurate documentation supports insurance needs, estate planning, long-term preservation, and informed resale decisions.
At DJR Authentication, we appraise and authenticate coins, currency, and precious metals collections with full documentation suitable for insurance, estate planning, resale, and more. To submit your coins for expert evaluation, you can visit our services page to get started. In-person consultations are available by appointment in Charleston, SC.
