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1914 Ten Dollar Indian, PR66
Only 50 Matte Proofs Produced

1914 $10 PR66 NGC. The proof 1914 ten dollar has the lowest mintage in the matte proof series, with only 50 pieces produced. The low mintage does not appear to have significantly affected the number of survivors, however. Estimates have varied widely over the years according to which expert has written about the series. In Breen's Proof Encyclopedia (1977) he was somewhat vague and stated, "This could almost be called extremely rare." In 1980 David Akers attempted a more precise estimate when he asserted 20-25 coins were known. We believe more have survived. When one adds the total number of PR60-68 1914 tens certified, a surprising 48 pieces have been graded. Factoring out the inevitable resubmissions, we believe that somewhere in the range of 25 to 35 pieces may be known in all grades today.
Much has also been written about the finish of the 1914 proofs compared to previous years. The expected coarser-grain finish is seen on this piece, and it is especially apparent when compared to a 1912 or 1913. The color of matte proof tens from 1914 is similar to that of the previous year, but they tend to have a slightly more greenish tinge. The usually seen wire rim around the reverse is evident on this piece also, with no trace around the obverse, both typical traits for this date. We are not quite certain why this lovely proof "only" grades PR66. There simply are no surface distractions or shiny spots on either side. The only irregularity in the surface is a tiny dot of slightly darker brown in the left obverse field directly in front of Liberty's eye. This tiny dot identifies this coin as the 1914 proof ten in the Danny Arnold Collection of Matte Proof Gold. This was a complete set of matte proof gold issues, sold by Bowers and Merena in 1984. To quote from the catalog:

"To form a collection such as Danny Arnold did required many years of care, patience, and connoisseurship. Deserving credit as well are the efforts of Abner Kreisberg and Jerry Cohen, who helped locate many of the pieces."

This is a stunning example of this rarely seen matte proof ten and sure to be of interest to many advanced collectors. Census: 7 in 66, 8 finer (3/11).
Ex: Arnold and Romisa Collections (Bowers and Merena, 9/1984), lot 276, where it was graded Gem Matte Proof-67.(Registry values: N10218) (NGC ID# 26YE, PCGS# 8896)

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Auction Dates
Apr-May, 2011
27th-1st Wednesday-Sunday
Internet/Mail/Phone Bidders: 11
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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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