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1907 $10 Wire Rim MS64 NGC....
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Sold on Oct 23, 2009 for:
$40,250.00
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Description
Incredible 1907 Wire Rim Eagle, MS64
1907 $10 Wire Rim MS64 NGC. The 1907 Wire Rim, Periods eagles are the first of the series, the original conception of that incandescent artistic genius, Augustus Saint-Gaudens. They share an interesting history that is similar to the 1879 Flowing Hair stellas, in that they were specially made and distributed to Congressmen, Washington insiders, and VIPs as part of President Theodore Roosevelt's campaign to engender political support for what he dubbed his "pet crime." (Although the exact mintage of the stellas is unknown, it is likely not far off from the 500 examples produced of the 1907 Wire Rim.)Since Saint-Gaudens finally decided to reserve his standing figure of Liberty for the larger double eagle, he placed the profile portrait of Liberty--modeled after the figure of Athena from his General Sherman monument in New York--on the eagle's obverse. One wonders what the "Saint" must have thought privately about Roosevelt's cavalier demand that a headdress be placed on the head of Liberty, "a fanciful object for either Liberty or a Native American woman to wear," according to Garrett and Guth. However, in his written responses to Roosevelt, Saint-Gaudens appears to endorse the concept enthusiastically. (Perhaps the sculptor knew enough to choose his battles wisely--with Charles Barber rather than President Roosevelt.)
The 1907 Wire Rim, Periods issue is to the Indian Head eagle series what the High Relief double eagles are to that series--a limited mintage of coins in a relief unsuited for high-speed mass production that would never have been produced except for the personal intervention of the president. Mint Chief Engraver Charles Barber, with a long history of relentless animosity toward the more talented sculptor, steadfastly opposed both issues. The 1907 Wire Rim, Periods eagles were fortunately saved in plentiful numbers, due to their method of distribution.
The present near-Gem example has the typical surface texture, a fine-grained, mattelike consistency, with a somewhat pebbly appearance visible under a loupe, but few distractions of any sort. For pedigree purposes we mention a small area of hazel-gray color between the headdress and the first three peripheral stars on the obverse. A few distributed ticks account for the grade, while failing to diminish the incredible eye appeal. Census: 79 in 64, 59 finer.
From The Little Rock Collection.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 268B, PCGS# 8850, Greysheet# 9744)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.
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Auction Info
2009 October Signature US Coin Auction #1130 (go to Auction Home page)
Auction Dates
October, 2009
22nd-24th
Thursday-Saturday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 2,799
Buyer's Premium per Lot:
15% of the successful bid per lot.
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