1907 $10 Wire Rim MS63 PCGS....

Description

1907 Wire Rim Ten Dollar, MS63
Only 500 Pieces Produced

1907 $10 Wire Rim MS63 PCGS. Only 500 Wire Rim tens were produced before their inherent design weakness was recognized and production was halted by Superintendent Landis. The problem was the lack of a determinant rim to the coin. The consequence of merely having a wire rim, or fin as it was known in Mint parlance, was that the fin quickly wore away. Ten dollar gold pieces were also used in international commerce as were double eagles. So, if the fin rim wore away and thousands of pieces were involved in a shipment, the recipient was not receiving full value. The result was Charles Barber redesigned the rim of the newly designed ten dollar gold pieces and gave the coin a two-millimeter border around each side (in addition to lowering the design relief). The result was the Normal Relief coins we usually associate with ten dollar Indians from 1907. This example shows much of each side with the extruded gold or fin. It also demonstrates how fragile the fin was. In this case, a couple of slight bumps are seen on the obverse rim between 3 and 4 o'clock. The usual bright yellow-gold surfaces normally seen on Wire Rim tens is tempered on this coin with a slight hint of reddish patina. An excellent example of this short-lived experimental design by Augustus Saint-Gaudens.
From The Poulos Family Collection. (Registry values: N4719)

Coin Index Numbers: (NGC ID# 268B, PCGS# 8850, Greysheet# 9744)

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 [The Poulos Family Collection ]

View Certification Details from PCGS