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Lot
3189

1930-S $10 MS65 PCGS. The mintage of the 1930-S ten was sufficient that one would think it would be more available than it ...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
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Auction Ended On: Jan 4, 2007
Item Activity: 10 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Lustrous, Beautifully Patinated Gem 1930-S Ten Dollar
1930-S $10 MS65 PCGS. The mintage of the 1930-S ten was sufficient that one would think it would be more available than it actually is. But this issue repeats the familiar pattern in the Saint-Gaudens' designed ten and twenty dollar series of relatively high mintage and low availability. This, of course, is because of the widespread meltings from the 1930s. This was so extensive that today probably no more than 125-140 pieces are known in all grades. As further proof of the melting of this issue, a glance at the population figures from PCGS and NGC shows that no more than a handful of coins are lightly circulated, thus this issue was probably never released into the channels of commerce. With most of the known 1930-S tens in Uncirculated grades, this absolute rarity then becomes a condition rarity also. Only 27 pieces have been certified as MS65 by PCGS and NGC, with five in MS66, and three in MS67.
The existence and possible existence of hoards is always an interesting topic of discussion in the ten and twenty dollar series. One of the most intriguing bits of speculation in Breen's Encyclopedia involves a story about the 1930-S ten: "For some decades, one 1930-S turned up in the San Francisco area every three years, probably from a single roll." If Breen's speculation was correct, by now the original supply would be exhausted.
This is a memorable example that has rich, frosted mint luster with an even layer of reddish-golden patina. With magnification, one can see slight traces of lilac over the highpoints. Most easily identifiable as the Kutasi coin by the presence of a shallow, diagonal mark in the field out from the left, forward curve of the eagle's wing.
Used as the plate coin in the new The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse Collection.
From The Kutasi Collection.(Registry values: N7079) (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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