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Lot
4975

1908 $10 Motto PR67 NGC....

2011 July Orlando Summer FUN Signature US Coin Auction #1157

 
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Auction Ended On: Jul 8, 2011
Item Activity: 11 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

Light-Yellow Matte PR67 1908 Motto Ten
Only Two Examples Graded Finer
1908 $10 Motto PR67 NGC. The 1908 is the first year of the new matte proofing process. It appears that three different finishes were tried, at least experimentally, but the coins shipped to collectors that year were all of the dark matte finish. There were 116 proof tens struck this year, but the number of unimpaired examples such as this one is low indeed. The mintage itself is even unreliable; an unknown number were melted as unsold in 1917, according to Walter Breen. Numerous pieces were also nicked or scuffed in the intervening decades, the scuffs showing as shiny spots on the matte finish. Likely 40 to 55 individual coins are believed to survive today.
In addition to its collectibility as the first year of the new Saint-Gaudens type, the 1908 is often considered by specialists to be the most available of the six matte proof issues (setting aside the two Roman Gold years, 1909 and 1910). But this so-called availability does not translate into any significant number of coins. It is merely a way of saying one year is rare and another rarer still. Only 11 other pieces have been certified by NGC at this level with two finer (6/11).
There is little to comment on regarding the surfaces of this coin. They are, simply put, magnificent, and rather light-yellow throughout for an issue that usually is darker. The only visible pedigree identifier is a tiny luster mark below the U in UNITED. It would be interesting and instructive to place this coin side-by-side with the two PR68 pieces, cover the grade, and see if informed collectors and dealers could tell the coins apart.
Ex: Central States Signature (Heritage, 4/2009), lot 2296, which realized $60,375.(Registry values: N10218) (NGC ID# 268E, PCGS# 8890)

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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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