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Lot
7539

1907 $10 Wire Rim MS64 PCGS. The Wire Edge and Rolled ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 5 Internet/mail/phone bidders Number of Bidders
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Description:
"Special Issue" 1907 Wire Edge Ten Dollar, MS64
1907 $10 Wire Rim MS64 PCGS. The Wire Edge and Rolled Edge eagles issued in 1907 are both listed in the standard reference works on pattern coinage. Numismatist Roger W. Burdette, in a article appearing in the May 31, 2004 issue of Coin World discounted the status of these coins as patterns: "Strictly speaking, neither variety [Wire Edge or Rolled Edge] is a pattern, and they might be more accurately described as special issues and withdrawn production pieces, respectively." According to most scholars today, the accepted mintage of these Wire Edge eagles was just 500 examples, with this information based on an account penned by Henry Chapman in 1908, in a letter written to Robert Garrett. The text of this letter was reprinted in The History of United States Coinage As Illustrated by the Garrett Collection by Q. David Bowers and provides fascinating information.
"I wish to give you some information. If you will act quickly upon it I think we will secure for you a couple of coins which are worth large sums. The director of the mint, Mr. Frank A. Leach, at Washington, has in his possession, and is distributing at face value, to collectors or public museums, to the latter he writes me more especially than to the former, special $10 gold pieces of the Saint-Gaudens design, 1907.
"If you will write him and ask him to send you a specimen of the $10 gold piece, Saint-Gaudens design 1907, from die No. 1 without any border, and die No. 2, with a wire or thin edge, you might say to him that you have been informed that he has a few of these for distribution to collections which are exhibited to the public. I would tell him that your collection is on exhibition at Princeton College and that you would like to have him send you them. Send him $20 in gold notes and 12c in postage stamps, and I think you will succeed. Do not mention my name or your source of information.
"Of the coin without the border, 500 were made, of number 2 only 50 were kept out of several thousand that were minted. The rest were melted.
"As he has but a few of the wire edge, which he refuses to let me have a specimen of, I would suggest that you write immediately upon receipt of this. If you can bring to bear any influence of your senator or congressman, it might be well to do so, but I think that it is possible you will get them without bringing anyone else into the matter, which might cause delay. If you succeed in getting them, you are going to get two coins worth $400.
"No Proof sets of 1908 gold are yet issued, and now when they are it is likely the die without In God We Trust will not be used, but a new die with the motto. I have those without the motto laid aside if you want them."
Satiny surfaces are the result of numerous minute die polishing lines in the fields and on the devices on both obverse and reverse. These surfaces exhibit a few trivial imperfections; however, they are hardly worth mentioning within the context of the grade assigned to this specimen. The Wire Edge and Rolled Edge Indian eagles, along with the High Relief double eagles, represent the original work of Augustus Saint-Gaudens as he intended these coins to look, and are among the most beautiful of all United States coin designs.
From The John Michael Stuart Collection, Part Two.(#8850) (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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