1909-D $10 MS66 PCGS. The coinage presses in use at the Denver Mint were similar to those at Philadelphia, and initial adap...

Description

Upper Condition Census 1909-D Ten Dollar, MS66 PCGS

1909-D $10 MS66 PCGS. The coinage presses in use at the Denver Mint were similar to those at Philadelphia, and initial adaptation of the segmented, starred edge collar mechanism in 1908 was accomplished in about a month. For 1909 only 121,540 eagles were struck for circulation by the Denver Mint. While this is a low mintage, it is not all that impressive by itself as other issues have an even lower mintage and greater availability in the better grades of Mint State (for instance the 1908-S and 1911-S). What matters the most is the attrition rate, and in the case of the 1909-D ten dollar that rate was very high. In his catalog of the Thaine Price Collection (1998) David Akers states that a number of previously unknown 1909-D tens have come onto the market in recent years. He goes on to say that most of these are of minimal Uncirculated quality, with only a few reaching the Choice level. This statement appears to be an accurate assessment of the current state of the 1909-D ten. The highest grade level that is moderately available is MS64, and the two major grading services combined have only certified 46 pieces in that grade. The dropoff is precipitous above that level with six Gems, eight MS66 coins, and three pieces in MS67 certified (with a certain but unknown number of resubmissions undoubtedly contained in these numbers).
In addition to being one of the absolute rarities in the ten dollar Indian series, the 1909-D is also one of the most consistently attractive. Each side shows even, granular surfaces, much like the previous year's D-mint No Motto issue. However, this is a far better-produced issue that has an overlay of rich, satiny mint luster and a strong strike. Additionally, there are virtually no abrasions present save for an identifying vertical mark on the lower rows of feathers on the eagle's wing. The surfaces have a pronounced reddish patina with lilac surrounding the devices--an unquestionable sign of originality.
From The Kutasi Collection.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 28GN, PCGS# 8863, Greysheet# 9762)

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.

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