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Lot
2782

1920-S $10 MS62 NGC....

2007 Summer F.U.N. (July, West Palm Beach, FL) Signature Coin Auction #442

 
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Auction Ended On: Jul 13, 2007
Item Activity: 7 Internet/mail/phone bidders
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Location: West Palm Beach, FL
Description:
Key 1920-S Ten Dollar, MS62 1920-S $10 MS62 NGC. The mintage of the 1920-S ten dollar is 126,500 pieces, certainly not an impressively low mintage for this series. However, the absolute rarity of the 1920-S points to the real use for ten dollar gold pieces as a trade medium for European and Central American banks. An interesting and somewhat lengthy passage from the Garrett-Guth reference explains in greater detail the rarity of the 1920-S:

"Obviously, the three-year hiatus [since 1916] did little to drum up excitement for this series, and most of these entered circulation unnoticed soon after the time of issue. Europe was in disarray when these were struck; remaining banks were simply trying to survive and didn't have the ability or credit to hoard additional gold coins. As World War I came to an end in 1918, German troops returned home to devastation, and in a few years had to fight the insidious hyperinflation that wiped out any remaining savings in late 1923. Thus, survival of the 1920-S Indian Head eagle was strictly a matter of chance, and very, very few did survive in any grade."

Only 44 pieces have been certified by NGC and PCGS combined, minus an uncertain number of resubmissions. This low number of Mint State examples confirms this issue's status as the third rarest date in the series, trailing only the 1933 and the 1907 Rolled Rim.

This frosted example has even reddish patina over each side. The TY in LIBERTY are weakly impressed, as usual for this issue. Additionally, there is uniform striking weakness on the reverse on the eagle's feathers and the right (facing) leg. Magnification shows a number of small abrasions scattered over each side, but the only one worthy of individual mention is a shallow, vertical mark at the top of the eagle's tail feathers. A rare opportunity for the specialist to acquire this seldom-offered issue.(Registry values: N7079) (NGC ID# 28H8, PCGS# 8881)

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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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