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Gem Mint State 1930-S Indian Eagle

1930-S $10 MS65 NGC. A highly lustrous Gem with intermingled orange-gold and lemon-yellow frost. A small scrape in the left obverse field is the only blemish of note. The strike is sharp, as usual for this issue, with bold details on both sides, save for a few hair strands behind Liberty's eye. The eagle is bold with crisp wing feathers and sharp claws. A few tiny splashes of orange toning are evident on the reverse.
Among Mint State Indian eagles, the 1930-S ranks in the middle, rarity wise. This issue is not known in grades below MS60. Every survivor has been preserved in the best possible condition. In his 1988 Handbook of 20th Century United States Gold Coins, David Akers wrote: "In my opinion, this issue ranks pretty much in the middle of the series with respect to both population rarity (in Mint State only) and condition rarity. The fact that it is priced so much higher than other issues that are less rare is due solely to the fact that the 1930-S is not generally available in circulated grades while the others are." Akers went on to discuss the existence of small hoard: "A small hoard of original Mint State pieces (reportedly 40 to 50 pieces) is still intact in the San Francisco area; I have taken this hoard into account in my rarity ratings and I estimate the total population of this issue to be around 95 to 100 pieces." Now, nearly 20 years later, we are not aware that this, or any other hoards, remain intact.
The most recent entry into literature for U.S. gold coinage is the Gold Encyclopedia penned by Jeff Garrett and Ron Guth. These authors speculated a much higher survival for this issue: "In overall terms of rarity, this date ranks a little behind the 1920-S, with just a few hundred known in all, and those are scattered over the grading spectrum." In our opinion, the true population is in the 125 to 140 coin range.(Registry values: N7079) (NGC ID# 28HA, PCGS# 8883)

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Auction Dates
January, 2007
Internet/Mail/Phone Bidders: 3
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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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