1913 $10 PR67 NGC. JD-1, R.5....

Description

1913 Indian Eagle, PR67
Rare Sandblast Proof
Only 71 Pieces Struck

1913 $10 PR67 NGC. JD-1, R.5. Ex: Simpson. Collector interest in the various sandblast and Satin finishes used on proof coins during this era continued to decline in 1913. Accordingly, the Philadelphia Mint reduced production of proof Indian eagles to a meager 71 pieces that year. The coins were delivered in two groups, the first (of 50 coins) on January 13, and the second (21 examples) on December 24. A single pair of dies was used to strike all the proofs. The 1913 proofs are among the more challenging issues of the series, especially in high grade. John Dannreuther estimates no more than 50 to 60 examples are extant today in all grades. Two survivors are included in the National Numismatic Collection at the Smithsonian Institution and a third is in the collection of the American Numismatic Society.

Most of the proof 1913 Indian eagles were initially sold as part of complete gold proof sets. An early appearance of such a set was in lot 23 of the Charles H. Conover Collection (B. Max Mehl, 5/1914):

"1913 $20, $10, $5, $2.50. Dull sand blasted finish. Complete set. Four pieces. Very rare."

The lot realized $40, a typical price for that time, when proof coins realized only small premiums. Of course, collector interest in sandblast proofs has increased exponentially in recent years, as numismatists have grown to appreciate the artistic quality of the coins and their rarity. Prices realized have risen accordingly. Recent sales include the PR67 NGC example in lot 3272 of the Long Beach Signature (Heritage, 2/2022), which realized $108,000.

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 mustard-gold color on both sides. This coin possesses tremendous eye appeal, with an almost medallic appearance and no visible flaws. Census: 4 in 67, 3 finer (1/24).(Registry values: N10218)
Important Selections from The Bob R. Simpson Collection, Part XII.

Coin Index Numbers: (NGC ID# 28HH, PCGS# 8895, Greysheet# 9781)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

View all of [Important Selections from The Bob R. Simpson Collection, Part XII ]

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