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Exceptional MS66 PCGS 1916-S Ten Dollar

1916-S $10 MS66 PCGS. It is interesting that both the ten and twenty dollar issues of the 1916-S were hoarded and those hoard coins are responsible for the majority of high grade examples known today. Of course, the difference between the two hoards is that some of the tens were discovered in Beverly Hills, while a bag of the twenties turned up in El Salvador. Most of the hoard coins of the tens display muted luster for some reason, which is one reason we believe this piece is not a hoard piece. The luster is radiant with dramatic rose and lilac iridescence on each side. Another reason it does not appear to be a hoard piece is the exceptionally high grade, which in large part is derived from the lack of abrasions on each side. The strike is typical for the issue with some softness apparent on the fore part of the eagle's wing and also on the right (facing) claw. All S-mint ten dollar Indians are rare in the highest grade and the 1916-S is no exception, which is supported by the population data. An MS66 example was last offered in the Heritage sale of the Phillip Morse collection in November 2005 where it realized $48,875. Population: 5 in 66, 2 finer (11/06).
From The Kutasi Collection.(Registry values: N1) (NGC ID# 28H7, PCGS# 8880)

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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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