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1907 $10 Rolled Edge MS62 PCGS. CAC....

2008 December Houston, TX Signature Coin Auction #1118

 
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Auction Ended On: Dec 5, 2008
Item Activity: 10 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Impressive 1907 Rolled Edge Ten, MS62
1907 $10 Rolled Edge MS62 PCGS. CAC. Among the various pattern or experimental coins based on the design work of Augustus Saint-Gaudens are the With Periods Indian eagles, with either a Rolled Edge or Wire Edge, sometimes also called a Rounded Rim or Wire Rim. The Wire Rim pieces came first, including an undesirable high wire or knife rim at the extreme outer circumference. After 500 were struck, the Mint made adjustments to produce the Rounded Rim coins. There were apparently 31,500 struck, but they were later ordered to be melted, and only about 50 were saved from the pot. Those few pieces, including the present example, were distributed to museums, dignitaries, and important private collectors.
Philadelphia Mint Superintendent John Landis ordered the melt due to inferior quality, and his decision was supported by incoming Mint Director Frank Leach over the objections of Assistant Treasury Secretary John Edwards who ordered the coins to be released. Looking at the survivors today, the inferior quality is not immediately recognized, and it is certainly possible that Charles Barber, who had a professional jealousy of Saint-Gaudens, convinced Landis that the coins were unacceptable.
The present specimen is somewhat weak on the highest design points, but it possesses satiny luster with excellent light yellow and pale orange surfaces. Considerable die polish is evident in the fields on both sides. The surfaces are essentially mark free. (Registry values: N7079) (NGC ID# 268C, PCGS# 8851)

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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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