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1907 $10 No Periods MS67 PCGS....
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Sold on Jul 31, 2008 for:
$74,750.00
Bid Source: HA.com/Live bidder
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Description
Phenomenal First-Year 1907 No Motto Eagle, MS67
1907 $10 No Periods MS67 PCGS. Although Saint-Gaudens second masterwork, like his first, was "finished," and not necessarily for the better, by Mint Engraver Charles Barber, even after the ten dollar gold denomination with the new design made its debut in 1907, the design tinkering was unfinished. Congress in its great wisdom--and against the express disapproval of President Roosevelt, who viewed references to God on coinage as "blasphemous"--insisted that the motto IN GOD WE TRUST be replaced on coinage. The motto had resided on larger U.S. coins since the 1860s, but had been omitted during the redesign.Fortunately for the legions of first-year-of-type collectors, the generous mintage, amounting to nearly a quarter-million coins, along with good production standards for new coinage, has led to the survival of some remarkable examples. Garrett and Guth note that the Smithsonian Institution example is an incredible MS69 piece, one plated in their 2006 reference.
This is simply an extraordinary coin by any measure of aesthetic quality as it relates to coins, whether in terms of luster, strike, color, surfaces, or eye appeal. Thick cartwheel luster endows both sides. The impeccable strike has raised the most delicate details on the headdress and the eagle's plumage. The color is a wonderful, variegated orange-gold and greenish-gold. The surfaces, under a loupe, fail to reveal the most abstruse distraction. And finally, the combination of all of those criteria produces that most elusive and indefinable quality, eye appeal, in spades. This piece is one of only five examples of the issue certified in MS67 at PCGS, and there is a single MS68 certified finer (6/08).
For the entire No Motto type, PCGS has certified nine pieces in MS67, with the single aforementioned 1907 No Motto in MS68 finer.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 28GF, PCGS# 8852, GSID# 9746)
Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 239,400
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.
Auction Info
2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,127
Buyer's Premium per Lot:
15% of the successful bid per lot.
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