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1907 $10 Wire Rim MS65 NGC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 7 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Important Gem 1907 Wire Rim Ten
1907 $10 Wire Rim MS65 NGC. The 1907 Wire Rim eagle is an experimental issue--but it is one that would have reached circulation had Teddy Roosevelt and Augustus Saint-Gaudens had their way, and had its design been more practical for coinage and commerce. Although it is listed in the Judd pattern reference (Judd-1901; Judd-1774 before the eighth edition), even the Judd editors waffle on the status of the piece: "Regular or pattern? This point can be debated."
The 1907 Wire Rim eagle, for all intents, can be included in the same class as another august group, the 1879 Flowing Hair stellas. Both were experimental designs, both are listed as patterns, and both were made as delicacies for the well-connected.
Notwithstanding its technical status, the 1907 Wire Rim is widely pursued and collected alongside the regular-issue coins beginning with the 1907 No Periods. Similarly, the 1879 Flowing Hair stellas are often collected as part of a complete U.S. gold type set. Garrett and Guth, in 100 Greatest U.S. Coins, discuss this in conjunction with the 1907 Rolled Rim issue that followed: "Reportedly, 500 were struck and this design type is considered experimental per conventional wisdom, although research has revealed that, in fact, these were made as delicacies to be distributed by Mint officials, Treasury Department officials, and others. To acquire one of these, you needed a 'connection'! "
Akers' Handbook of 20th century gold notes an original mintage of 542 coins, of which "70 pieces were melted between 1915 and 1918," leaving a net distribution of 472 coins.
This MS65 NGC-certified piece, of distinctly finer surface quality than the average, is a stunning work of numismatic art. Deep, consistent apricot-orange coloration lends splendid eye appeal. The obverse presents a wonderful cameo appearance--more through the design than through any obvious field-device contrast--and is virtually pristine save for a trivial mark or two. Two minuscule dark flecks on Liberty's jawline are mentioned for pedigree purposes only. The reverse is equally appealing. Census: 32 in 65, 30 finer (11/09).(Registry values: N7079) (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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