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Gem 1911-D Ten Dollar, Tied for Finest Known

1911-D $10 MS65 PCGS. The rarity of the 1911-D ten dollar is underscored by the fact that many date and mintmark collectors settle for a Choice AU rather than paying the heavy freight usually required for a high grade Uncirculated coin. And some strong prices have been paid for 1911-D tens in the past! The Norweb coin, which was sold in 1988, realized $132,000, a price that still stands as a record for this date and mintmark. The MS64 in the 1996 RARCOA/Akers sale brought $74,250. And the Heritage 1999 FUN coin, also graded MS64, was hammered at $55,200.
The reason for the scarcity of this issue is twofold. First, only 30,100 pieces were struck, which is the lowest mintage in the entire ten Indian series. Second, it appears that most of the scant mintage was dropped into circulation shortly after striking. Several hundred XF-AU coins have been certified by PCGS and NGC, with almost 150 pieces in AU58, indicating brief circulation for a significant percentage of the few coins struck. The finest 1911-D tens known (certified) are three MS65 coins, inclusive of this Gem. The Price, Duckor, and Michaels collections of ten dollar Indians all lacked a Gem of this date.
One feature that distinguishes this coin from other Mint State 1911-D tens is the sharpness of strike seen on this piece. Often there is slight weakness seen at the juncture of the eagle's wing and breast, as well as on the trailing leg. That is not the case with this example. This is a strongly struck coin in all areas. Also, the color is usually light to medium orange-gold. This piece has deep reddish color and it is evenly dispersed over each side. The surfaces display thick mint frost and pronounced granularity. Strong magnification will be required to find the couple of tiny marks on this coin. One is directly behind the eye of the Indian, appearing like crow's feet; while the other is located in the reverse field below the ST of TRUST.
This is a rare opportunity to acquire this key and major condition rarity to the ten dollar series. The 1911-D is not only one of the rarest issues in this popular series, it is also one of the major rarities of all 20th century United States gold coins. Sometimes the opportunity to acquire a coin of this importance and rarity is as rare as the coin itself. A highlight of the Kutasi Collection.
From The Kutasi Collection.(Registry values: N10218) (NGC ID# 28GU, PCGS# 8869)

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Auction Dates
January, 2007
Internet/Mail/Phone Bidders: 9
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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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