As America hurtles towards a big presidential election in just some months, Thomas Jefferson’s inaugural deal with in 1801 carries an instructive theme.
College students of American historical past will keep in mind that in 1801, Thomas Jefferson was sworn in because the third president of the US.
His victory over incumbent president John Adams marked the primary time the American presidency modified from one get together to a different—shifting from the Federalist get together to the Republican get together.
After a bitter and exhausting fought election season, Jefferson sought to unite the nation throughout his inaugural speech. He famously mentioned: “We’re all Republicans, we’re all Federalists” and he known as on People “unite in frequent efforts for the frequent good.”
In that 12 months, one of the crucial lovely and common gold cash was minted in Philadelphia: The 1801 $10 Draped Bust Gold Eagle Coin. Ten greenback gold eagles of this time are one of the crucial wanted early American gold cash. Collectors are drawn to the great thing about these important gold cash from a historic period when our younger nation was coming into its personal.
The $10 Gold Eagle was the best denomination coin licensed within the Mint Act of 1792. The $10 Gold Eagle represented a substantial amount of cash at the moment. Due to its excessive road worth, the Gold Eagles of this period proved to have little demand in home circulation.
The Philadelphia Mint struck solely 44,344 $10 Draped Bust Gold Eagles in 1801. Most of those gold eagles had been shipped abroad and finally melted down for his or her bullion worth. That led to a survival estimate right this moment of solely 750 recognized specimens in all grades. These cash are uncommon.
Robert Scot, Chief Engraver on the U.S. Mint, designed the memorable coin. The important thing themes of Scot’s work included beliefs like unity, liberty, and riot, which had been on the core of the American Revolution—and they’re represented on this coin as properly.
At this time, the Draped Bust represents Scot’s greatest legacy within the numismatic world and his most well-known and wanted design: the Draped Bust depiction of Liberty.
The reverse of the 1801 $10 Gold Eagle is named the Heraldic Eagle kind, and options Scot’s well-known rendering of the Nice Seal of the US: the Eagle and the Defend. The Nice Seal, in fact, represents America’s energy, unity, and independence and stays a robust image right this moment.
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