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Lot
2354

1909-S $10 MS65 PCGS. In 1909, the San Francisco Mint struck 292,350 Indian ten dollar gold pieces, but it remains a tricky...

2007 St. Louis, MO (CSNS) Signature Coin Auction #434

 
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Auction Ended On: May 10, 2007
Item Activity: 8 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Rarely Seen MS65 1909-S Ten Dollar
1909-S $10 MS65 PCGS. In 1909, the San Francisco Mint struck 292,350 Indian ten dollar gold pieces, but it remains a tricky issue for the specialist assembling a Gem set of ten Indians. Jeff Garrett and Ron Guth note, "The 1909-S is far more difficult to obtain than expected, particularly so in gem grades. This is made more poignant by the fact that a large number of Mint State examples were discovered in an otherwise random hoard around 1977." In The Coinage of Augustus Saint-Gaudens, the authors reveal that, prior to the discovery of this hoard of about 60 pieces, "this issue was virtually impossible to obtain in Uncirculated condition."
Despite the uncovering of a few other small hoards that substantially raised the Mint State population, "the '09-S is still very scarce in Mint State, with most pieces in MS62 to MS64 grades. It remains one of the most difficult issues in the entire series to locate in Gem condition." This is certainly one of the finest of this difficult issue, as PCGS has graded only 19 in MS65 condition and eight finer. Akers (1988) has declared that the 1909-S in generally comes in one of two categories: " ... either very frosty with very little granularity, or slightly satiny." This piece is frosted and it displays a subtle interplay of rose-gold and lilac color on each side. The surfaces are exceptionally clean and this is one of the finest '09-S tens we have seen in recent memory. Population: 15 in 65, 6 finer (3/07).(Registry values: N4719) (NGC ID# 28GP, PCGS# 8864)

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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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