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Lot
2231

1907 $10 Wire Rim MS65 PCGS. CAC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
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Location: Orlando, FL
Description:
Gem 1907 Indian Head Ten, Wire Rim
Only 472 Examples Released
Represents Original Design, Judd-1901
1907 $10 Wire Rim MS65 PCGS. CAC. The 1907 Wire Rim Indian Head eagle represents Augustus Saint-Gaudens' original design for the ten dollar gold piece. The eponymous rim is a delicate, knife-like feature around both sides of the coin, resulting from metal being squeezed between the collar and the dies during the striking process. Prized by collectors today, the Wire Rim caused difficulties in the ejection process and made stacking the coins problematic. Accordingly, the design was modified at least twice by Chief Engraver Charles Barber; Saint-Gaudens' assistant, Henry Hering; and his son, Homer; to produce the No Periods design eventually used for mass production in 1907.
The Wire Rim coins were never released into circulation. They were presented to Congressmen and other VIPs to demonstrate the new design and sold at face value to museums and private collectors. The issue was available for order for several years after 1907, and Henry Chapman is known to have purchased a group of them in 1912. The unsold remainder of the mintage was melted after 1915. Roger Burdette has determined that only 472 Wire Rim eagles were actually released. The issue is listed as a pattern in the standard literature, but most collectors consider it an integral part of the collectible series.
The present coin is a blazing Gem specimen, with bright mint luster. Both sides exude bright yellow-gold color, beneath rich reddish patina. The striking details are noticeably sharper at the centers, with the softness seen on the peripheries of all examples of this issue. The only noticeable "flaws" are a tiny planchet void at the forefront of the eagle's wing, and a couple of other small, insignificant field marks. Overall eye appeal is outstanding. Population: 49 in 65, 20 finer (11/09).(Registry values: N7079) (NGC ID# 268B, PCGS# 8850)

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The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers

The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins. Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.

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