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Underrated, Elusive Premium Gem 1909 Eagle

1909 $10 MS66 PCGS. Despite an original mintage more than triple that of the 1908-S eagle--184,700 pieces versus 59,850--the 1909 eagle in Gem or finer grades is actually a bit more elusive than the 1908-S. In MS66 the present coin is among nine pieces so certified at PCGS, and only two examples are graded finer. In the 2008 second edition of A Handbook of 20th Century United States Gold Coins 1907-1933, David Akers comments, "The 1909 is one of the scarcer Philadelphia Mint issues in the Indian Eagle series. Coins that grade MS-60 to MS-63 are not too difficult to locate, but MS-64s are scarce and Gems are quite rare. Superb Gems are much rarer than those of the 1908 No Motto and 1908-S, although a few exquisite 1909 Eagles do exist. This is a grossly underrated issue, particularly in the finer Mint State grades."
The surfaces of this wonderful Premium Gem are satiny and incredibly appealing, with softly glowing luster and an essential absence of contact marks or other distractions. A small alloy spot appears near the rim at 8 o'clock, but is hardly distracting. The coloration is a glorious mix of reddish-gold and greenish-gold. The bold strike and over-the-top eye appeal complete a package that is nearly unimprovable.(Registry values: N4719) (NGC ID# 28GM, PCGS# 8862)

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Auction Dates
February, 2009
4th-8th Wednesday-Sunday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 507

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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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