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1909 $10 PR67 NGC....

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Sold on Jan 7, 2015 for:
$99,875.00 Bid Source: Live: Floor bidder
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Description

1909 Indian Eagle, Extraordinary PR67
Among the Finest of This 'Roman Finish' Proof Date

1909 $10 PR67 NGC. Satiny luster and rich scenic orange surfaces are the characteristics of this Roman finish gold piece. As expected, the surfaces are pristine, and the eye appeal is extraordinary. The depth of the strike gives this piece a medallic appearance that will appeal to any collector of American gold coinage.

There was a time shortly after these coins were minted that some collectors objected to them. They were accustomed to the earlier brilliant proof pieces and failed to understand that the Saint-Gaudens and Pratt designs were unsuited for a brilliant, mirrored finish. William Woodin, for example, wrote to Assistant Treasury Secretary Abram Piatt Andrew that the earlier (matte) finish was most acceptable, and that the new Roman finish was unacceptable. In his August 19, 1910 letter to Andrew, he wrote:

"I am surprised at the statement that the dull finish of the gold proof coins was objected to by many collectors. If any collectors objected to this finish it was because they did not understand that the St. Gaudens [sic] designs are not adapted to the production of polished proofs. The present proofs of the St. Gaudens designs and of the Pratt designs are simply rotten. I know of no other word to express it."



Like most proof Indian eagles, few have survived in the highest grades. Just 74 proofs were struck, mostly in the lighter Roman finish, and about half survive today. In our own auctions since 1993, this example is only the third PR67 we have handled (two previous auctions offered a single coin). NGC and PCGS combined have certified 74 submissions with an average grade of 64.6. Census: 3 in 67, 1 finer (9/14).
Ex: Los Angeles Signature (Heritage, 8/2009), lot 1313.
From The Empire Collection.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 28HF, PCGS# 8891, Greysheet# 9777)

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 Empire Collection ]

View Certification Details from NGC

Auction Info

2015 January 7 - 12 FUN US Coins Signature Auction - Orlando #1216 (go to Auction Home page)
Auction Dates
January, 2015
7th-12th Wednesday-Monday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,545

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Jan 7, 2015 for: $99,875.00
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