1907 $10 Rolled Edge, Judd-1903, MS62 PCGS. CAC....

Description

1907 Rolled Edge Eagle, MS62
Exceptional First-Year Rarity
All but 50 Coins Melted

1907 $10 Rolled Edge, Judd-1903, MS62 PCGS. CAC. Saint-Gaudens' gold eagle designs went through two distinct modifications by Chief Engraver Charles Barber before regular production was finally commenced. The first production run of the designs was in a very high relief, similar that of the double eagles from this same period, but lacked the high rims that would have allowed the coins to stack properly and protect them from excessive wear in circulation. To remedy this, Barber prepared new hubs and production dies, using the same models, but incorporating a tall, protective rim to each side. This new variant, known today as the "Rolled Edge" variety, was readily approved and struck to the extant of 31,500 pieces.

The second design change came before these coins were released to circulation. New models of a slightly lower relief and with a sufficient rim (now known as the No Periods variety, due to the removal of the stops on either side of the denomination) were proposed as a replacement for Barber's modified version of Saint-Gaudens' original designs, a proposal that was quickly approved. More than just the designs, however, the recently struck Rolled Edge coins themselves were sentenced to be replaced by new coinage from the No Periods hubs. All but 50 examples of the Rolled Edge tens were melted down for recoinage.

The surviving coins were distributed to various persons, with a few likely ending up as pocket pieces as evidenced by the small number of lightly worn examples known today. It is believed that only about 40 to 42 examples survive, far fewer than the certified population reports would suggest to the novice bidder, showing a supposed total of 77 coins at PCGS and NGC combined. With the date's high collector value jumps between grades, there is little wonder as to why the figures are skewed by resubmissions.

The present coin is a deeply satiny, green-gold representative, with well-struck devices and the occasional hint of orange-gold color in the recesses. The surfaces are remarkably devoid of obtrusive abrasions, with just minor contact on the high points of the eagle and the obverse portrait limiting the grade.

The Rolled Edge 1907 Indian eagle is the second-rarest issue in the entire series, trailing only the extremely rare 1933, and just nudging ahead of the 1920-S. It is interesting to note that all three of these major keys owe their rarity to excessive melting, in 1907 for the Rolled Edge variety and the others in the mid-1930s as a result of the gold recall order. All of these issues necessitate strong bids at auction, though the 1907 Rolled Edge issue is arguably the most storied of the three. Population: 2 in 62, 44 finer (11/14).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 268C, PCGS# 8851, Greysheet# 9745)

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 Certification Details from PCGS