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Description

1913 Indian Eagle, PR67
Rare Sandblast Proof
Second-Rarest Date of the Series

1913 $10 PR67 NGC. Only 71 proof Indian eagles were struck in 1913, using the same fine sandblast finish of the year before. Sales of proof sets had declined since the matte proof era began in 1907, because the public favored the old brilliant finish proofs. Many new coinage designs were introduced in this period, including the Indian eagle in 1907. The new designs were generally not suitable for a brilliant finish because they featured high relief devices and convex fields. The sandblast finish was a modification of the darker, coarser matte style used in earlier years, displaying thousands of sparkling facets when the surface is viewed with magnification. Unfortunately, collectors failed to appreciate the sandblast proofs any more than they had the matte finish issues, and the Mint discontinued proof set offerings entirely in 1916.
The 1913 proof Indian eagle is the second-rarest date of the series in higher grades, outdistancing the lower-mintage 1914 for second-place honors. Only the 1915 proof eagle, the final date of the series, is more elusive in grades above PR65. Experts estimate a surviving population of just 20-35 coins in all grades, and Superb Gem specimens are very rare.
The present coin is a spectacular Superb Gem, displaying the needle-sharp details expected of a sandblast proof on all design elements. The fields are virtually perfect, free of contact marks and shiny spots, with an even honey-gold color on both sides. This coin possesses tremendous eye appeal, with an almost medallic appearance and no visible flaws. Census: 5 in 67, 2 finer (3/11).(Registry values: N10218) (NGC ID# 28HH, PCGS# 8895)

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Auction Info

Auction Dates
Apr-May, 2011
27th-1st
Internet/Mail/Phone Bidders: 8
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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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