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Lot
3195

1930-S $10 MS66 PCGS....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 29, 2009
Item Activity: 8 Internet/mail/phone bidders
12,331 page views
Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
Vibrant 1930-S Indian Head Eagle, MS66
The Floyd Starr Specimen


1930-S $10 MS66 PCGS. The 1930-S ten dollar gold piece boasts a small mintage of 96,000 pieces. The reason for producing coins of this denomination at all is a mystery to modern numismatists, as they were clearly not needed in the regional economy. No eagles had been produced at any of the mints since 1926, and no more coins of this denomination would ever be minted at San Francisco. All examples seen today are in Mint State grades, indicating that none of the mintage was released into circulation at the time of issue. The great majority of the coins were held in Treasury vaults until the Gold Recall of the mid-1930s, when they were melted and stored as bullion at Fort Knox. Experts estimate a surviving population of 125-140 examples of this date, all preserved by coin collectors who saved them at the time of issue. In A Handbook of 20th Century Gold Coins 1907-1933, David Akers rates the 1930-S as the fourth rarest coin in the 32-coin series in terms of absolute rarity.
Both Walter Breen and David Akers tell of a small hoard of 1930-S eagles, probably from a single roll, that was dispersed in the San Francisco area. Breen relates that one coin would be released every three years, to avoid flooding the market. This supply has presumably been exhausted, and no other hoards are known.
The coin offered here is an extraordinary specimen of this elusive date. The surfaces display amazing, bright mint luster, and all design elements are sharply defined. Wide swathes of pale lilac and rose accent the lovely yellow-gold color of the pristine surfaces. Overall visual appeal is compelling. Only six coins have been certified at the MS66 level by NGC and PCGS combined, with three finer (2/09).
Ex: Henry Chapman (10/1933), lot 10, Chapman's original 2x2 envelope included; Floyd Starr Collection (Stack's, 10/1992), ,lot 1277, Stack's flip included.(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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