1849 $10 Liberty Head Eagle, No Motto, NGC MS61+ Rare in Mint State

NGC Coin Explorer tells us, "While the 1849 has the reputation of being one of the more commonly encountered No Motto tens, it is actually quite elusive in mint condition." This issue saw massive circulation and therefore very few pieces were set aside by collectors. Numismatists who desire only examples in a high state of preservation should carefully consider this listing.

Discussing the design found upon the Liberty Head eagle, numismatic scholar and art critic Cornelius Vermeule writes, "Gobrecht executed new designs (1838) for the $10 denomination in gold, a coin known as an eagle. The bust of Liberty with an inscribed coronet in her hair that graced the obverse was to remain on the gold coinage until 1908. The reverse differed little from the design in use since 1807 on the $5 gold piece save that the wings of the eagle spread from one edge of the coin to the other. Commenting upon the inspiration for Gobrecht's Liberty, Vermeule writes, "The motivation for this Roman head of Liberty stems from vast, varied neoclassicism of the Napoleonic era. Typical of the source is a small painting ... by Jacques-Louis David's contemporary Pierre-Narcisse Guérin, Phythagoras or The Earth is Round, painted about 1800. ... [On the painting it] is the diademed or coroneted, white-robed, seated female that should attract our attention, for she is related to the heads of Liberty on our 19th century gold ... coinage."