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Lot
5220

1907 $10 Wire Rim MS63 PCGS....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 5 Internet/mail/phone bidders
1,112 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Select 1907 Indian Eagle, First Design, Wire Rim
Only 472 Specimens Distributed
1907 $10 Wire Rim MS63 PCGS. The 1907 Wire Rim Indian Head eagle is the most faithful representation of Augustus Saint-Gaudens' initial design for the series. The issue has been widely collected as a pattern and is listed in the literature as Judd-1774, but collectors have always considered the 1907 Wire Rim an integral part of the regular-issue series, as well. The Wire Rim feature resulted from metal flow between the die and collar when the coins were struck, and this caused problems with ejecting the coins from the die and stacking them for counting. As a result, the design was modified to eliminate the bothersome edge feature, resulting in the Rolled Rim design and the later No Periods design.
Only 542 examples of the Wire Rim design were originally minted, and none were released into general circulation. The coins were distributed to VIPs, Treasury Department officials, President Roosevelt's inner circle, museums, and private citizens who ordered them. Apparently 70 examples were unsold and later melted, so the correct distribution figure for the issue is 472 pieces. Of course, collectors carefully preserved many examples, and the issue is not as rare as the tiny mintage would suggest. Still, the 1907 Wire Rim remains one of the most sought-after and valuable series issues.
The present coin is an attractive Select Mint State piece, with vivid greenish-gold surfaces. Because of the concave fields, all Wire Rim examples show sharp details on the central devices, but the peripheral elements tend to be softly defined. This can be seen on the date of this coin, which seems to fade away at the bottom of the digits. This piece displays strong, satiny luster and bold eye appeal.(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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