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Lot
3559

1907 $10 Wire Rim MS63 PCGS. Judd-1901, R.3....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:

Famous 1907 Wire Rim Ten
Judd-1901, MS63
1907 $10 Wire Rim MS63 PCGS. Judd-1901, R.3. In the famous United States Pattern Coins (Judd, ed. Bowers), an insightful paragraph supplies much of the information needed to appreciate the magnificent Saint-Gaudens eagle patterns, both the earlier Wire Rim coins and the later Rolled Rim pieces:

"The dies for the first type ('wire rim') of the $10 were made from Saint-Gaudens's models delivered to the Mint in June 1907. Coins struck from the dies had a wire or knife rim and periods ('pellets') before and after the lettering on the reverse. The edge stars were crowded and of different sizes near one of the collar segment junctions, as if extra stars were added without thought to correct size and spacing ... In late August or early September, 500 were struck with normal-edge stars. On December 14, these were ordered to be transferred to the Treasury Department in Washington. Through December 30, a further 46 specimens were made, presumably of the same format."


The author goes on to note that most of the Wire Rim coins were distributed to well-connected Washingtonians and to dealers of the time, such as Henry Chapman. Further, "Seventy specimens were melted in 1915 as being damaged and unsaleable [sic]."
While this lingering offering suggests that the Wire Rim tens were slow sellers in their own time, examples are snapped up quickly today when the condition and price are right. This Select coin, housed in a second-generation holder with a "knife rim" of its own, has marvelous yellow-gold luster. Slight striking softness is noted in the centers and the fields show a handful of wispy abrasions, yet the overall eye appeal is impressive for the grade. In sum, a coin to be treasured.(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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