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Lot
5022

1930-S $10 MS64 PCGS....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 6 Internet/mail/phone bidders
567 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1930-S Ten Dollar, MS64
Intense Mint Luster
1930-S $10 MS64 PCGS. No ten dollar coins were minted between 1926 and 1930, perhaps because so many were produced in the former year (1,014,000 pieces) that no more were needed for a few years. The coinage of this denomination resumed in 1930 when the San Francisco Mint struck 96,000 pieces. Relatively few of these S-mint eagles apparently left the mint prior to President Franklin Roosevelt's issuance of the Gold Recall Act in 1933 when the majority of the original mintage must have been destroyed. The small number that did survive melting were probably obtained directly from the Mint, which may help to explain that most known 1930-S eagles are in Mint State condition.
Both Walter Breen and David Akers mention the existence of small hoards of the 1930-S ten dollar. Breen writes in his 1988 Complete Encyclopedia of U.S. and Colonial Coins: "For some decades one 1930-S turned up in the San Francisco area every three years, probably from a single roll." Jim Halperin et al. write in the Coinage of Augustus Saint-Gaudens (2006): "If Breen's speculation of the existence of a roll is correct, and if the owner did indeed release a single coin every three years, by now the original supply would be exhausted." And Akers writes in his 20th Century United States Gold Coins (2008): "A small hoard (40-50 coins) of 1930-S Eagles had been kept intact in the San Francisco area until at least 1988. It is believed that those coins have since been dispersed into the market."
Variegated apricot-gold and mint-green patination resides on the intensely lustrous surfaces of this near-Gem. The design features are sharply struck, including the Indian's hair curls and the lower part of the eagle's right (facing) wing, elements that are often soft. The trailing leg is a tad soft, as usually seen. A handful of minute marks precludes Gem status. All in all, this piece yields tremendous eye appeal. Population: 40 in 64, 20 finer (11/11).(Registry values: N4719) (NGC ID# 28HA, PCGS# 8883)

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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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