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Lot: 3142
Auction: 1126  
1907 $10 Wire Rim MS65 PCGS....
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Ended: Mar 28, 2009
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Coveted Gem 1907 Wire Rim Ten


1907 $10 Wire Rim MS65 PCGS. The Wire Rim Saint-Gaudens eagles were the first examples of the late sculptor's design struck in quantity, though they were not made available until the release of the No Periods variant to banks. Despite today's collector appreciation of the Wire Rim ten dollar piece's inherent beauty, even the limited mintage of 500 pieces did not achieve full distribution right away, being at the disposal of others, including Secretary of the Treasury George Cortelyou and President Theodore Roosevelt. Roger Burdette, in his Renaissance of American Coinage, notes that "[t]he 500 [Wire Rim] eagles were to satisfy any possible request from Roosevelt. These were an 'insurance policy' put in place by Cortelyou against additional presidential rage."
After Saint-Gaudens eagles and twenties were released to the public, the coins were no longer necessary for that role, but rather than being melted, they were turned over to the Treasury for sale to collectors, at first for face value. Burdette notes that after the first wave of interested numismatists had made their purchases, the coins were next offered "to members of Congress and other influential persons in private transactions. In 1912 the balance was transferred to the mint cabinet where they were sold to coin dealers" for $15 apiece.
This warm sun-yellow Gem offers gorgeous luster and marvelous eye appeal. Each side is minimally marked with suggestions of patina. A small alloy fleck below the I of UNITED on the reverse is mentioned solely for accuracy. In sum, a marvelous example of this coveted early Saint-Gaudens eagle.(Registry values: N7079) (#8850)

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Auction Name: 2009 March Baltimore, MD Signature US Coin Auction #1126
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-3494)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 9 Internet/mail bidders, 1,409 page views


The Coinage of Augustus Saint-Gaudens: as Illustrated by the Phillip H. Morse Collection
By James L. Halperin, Mark Van Winkle, Jon Amato and Gregory J. Rohan
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 the extraordinary collection of Phillip H. Morse. When Morse's collection was sold in November 2005 it brought $19.2 million with many records broken for both rare and common coins.
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Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1116, Lot 3958 Sunday, September 21, 2008 65 PCGS $80,500.00
Auction 1110, Lot 2198 Sunday, June 29, 2008 65 PCGS $74,750.00
Auction 1125, Lot 1776 Sunday, May 31, 2009 65 NGC $57,500.00
Auction 1102, Lot 1599 Friday, March 7, 2008 65 NGC $74,750.00
Auction 320, Lot 8398 Wednesday, July 21, 2004 65 PCGS $43,700.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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