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Lot
7621

1878 $10 PR63 PCGS Secure....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 9 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1878 Ten Dollar, PR63, Ex: Trompeter
Less Than 10 Known
1878 $10 PR63 PCGS Secure. Ex: Trompeter Collection. The 1878 proof ten dollar represents the Coronet, Motto Above Eagle design type (1866-1907). Robert Loewinger, in his Proof Gold Coinage of the United States, writes: "This 'Motto Added' design was made by the Chief Mint Engraver, Longacre, and now included a scroll with the motto 'In God We Trust' on the reverse. The Reverend Watkinson, as a means of healing the scars of the Civil War, lobbied the Treasury Secretary, Salmon Chase, and the Congress to recognize God on the coins."
A mere 20 proof eagles were produced in 1878. In Encyclopedia of U.S. Gold Coins, Jeff Garrett and Ron Guth said: " ... less than half the original mintage survives." In this regard, we note that PCGS and NGC combined have certified seven examples (6/11).
Rich apricot-gold color adorns both sides of the gorgeous Select proof, and a near gold-on-black appearance is seen when the coin is observed from a direct angle. Exquisite definition is visible on the design elements, though the hair curl at Liberty's ear is a tad soft. Some light hairlines visible under magnification are interspersed with die polish lines. A tiny alloy spot beneath star 9, and another under star 10 identify the coin. Population: 1 in 63, 2 finer (6/11).
Ex: Philip Straus Estate (Stack's, 5/1959), lot 2505; Stack's (1976 ANA Sale), lot 3101; Auction '80, lot 956; Ed Trompeter Collection (Superior, 3/1992), lot 218; Heritage (1/1999), lot 8240; Heritage (7/2007), lot 2745.(Registry values: P4) (NGC ID# 28FG, PCGS# 8818)

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