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Lot
2199

1907 $10 Wire Rim MS62 ANACS....

2008 December Houston, TX Signature Coin Auction #1118

 
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Auction Ended On: Dec 5, 2008
Item Activity: 13 Internet/mail/phone bidders
3,346 page views
Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
1907 Wire Rim Eagle, MS62 ANACS
Tribute to a Great American Artist
1907 $10 Wire Rim MS62 ANACS. The mintage of 500 pieces was sufficient to provide a limited number of survivors today, creating one of the important rarities in the Indian eagle series. The Wire Rim and Rolled Rim varieties are both examples of the 1907 With Periods coinage, featuring an Indian on the obverse and an eagle on the reverse, both in high relief just as Augustus Saint-Gaudens intended.
The high relief of the designs was unacceptable to the Mint, and Charles Barber eventually made modifications to the design. In Renaissance of American Coinage 1905-1908, Roger Burdette quotes from a July 22, 1907, letter written to Saint-Gaudens from George Roberts:

"I am forwarding herewith a strike of the new eagle. I am sorry to say that the eagle is still too high for the coins to stack. If you lay a straight edge across it you will see that the eagle comes clear up fully level with the edge and as there is a slight burr on the edge which will not be there in a perfect coin, the figure of the eagle will be slightly above the border. When two pieces are placed together with the eagles against each other the effect is quite apparent."

Today, collectors can thank President Theodore Roosevelt for the availability of these experimental coins. Burdette also quoted from a letter that Roosevelt wrote to Treasury Secretary George Cortelyou:

"As for the high relief coins, have several hundred struck and allow the collectors of the country to obtain specimens as you suggest, none to be issued until the new issue is out. They should be preserved as the work of a great American artist."

That exchange tells us that the Wire Rim pieces, while considered experimental or pattern coins, were actually special collector's items and they were coined after the 1907 No Periods coins were first minted.
This piece, while exhibiting a few minor flaws expected for the grade, is a lovely, highly lustrous yellow-gold example with satiny surfaces. A small copper toning spot is visible on the obverse, with pleasing orange toning around the reverse border.
Ex: James A. Stack, Sr. Collection (Stack's, 3/1995).
From The Deadwood Gulch Collection.(Registry values: N4719) (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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