Ron Guth:
The 1796 $10 gold piece is an inherently rare coin, thanks in large part to a miniscule mintage of just over 4,100 pieces. The 1796 is at least three times as rare as the 1795 and it is much more diffcult to find a Mint State example of the 1796. Only one die pair was used for this year, thus there is no competition among different die varieties, as collectors only need one variety of this date.
The most common certified grade for this date is AU55 and the greatest part of the population falls into a range that goes from AU50 to AU58. Just over a dozen Mint State examples are known, with MS63 being the top grade for this date.