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Lot
3514

1911 $10 MS67 PCGS....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Rare Superb Gem 1911 Indian Ten
1911 $10 MS67 PCGS. Ex: Duckor. The appeal of the 1911 is twofold: as a type coin, and as an issue that is available with some frequency in high grades. When encountered, the 1911 is usually an attractive coin and it makes an excellent type piece from the earlier years of this design type. In Gem condition, the 1911 is the third most frequently encountered ten Indian, trailing only the 1926 and 1932. Still, any finer than the MS65 level this is a scarce issue. At MS65 there are exactly 200 pieces certified by NGC and PCGS. At MS66, the combined NGC/PCGS population drops to 67 coins. Fewer than 20 Superb Gems have been seen by the two major services (eight by PCGS and six by NGC; with three in MS68 at NGC). Of course, these numbers are almost certain to be inflated by resubmissions.
There is an interesting story about a small hoard of 1911 tens that came on the market in the early 1990s. We think it is a good story to pass along, even if it does not have a direct bearing on this particular coin (that we know of): A Pontiac car dealership in Ulysses, Kansas closed its doors after many years of service to that community. A prospective purchaser was searching through a dusty storeroom of obsolete parts, and discovered an old carburetor box containing 30-40 Mint State 1911 eagles that apparently had been hidden by the original owner who had long since passed away. What the grade distribution of these coins was we cannot say for certain, but speculation would lead one to suspect that if they had lain undisturbed in the old carburetor box for decades, the average grade must have been quite high.
As with most 1911 tens, striking definition is not a problem on this coin, with strong definition in all areas. Also, the surfaces have a frosted finish with fine granularity over each side. A thin diagonal mark below the L in PLURIBUS may serve in the future as a useful pedigree marker. This is a rare opportunity for the advanced collector to purchase one of the finest 1911 tens available.
From The Jim O'Neal Collection of Saint-Gaudens Eagles.(Registry values: N7079) (NGC ID# 28GT, PCGS# 8868)

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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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