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    Description

    1897-O Liberty Ten Dollar, MS67
    The Sole Finest Clapp-Eliasberg Coin
    Winter: 'Nearly Flawless'

    1897-O $10 MS67 PCGS. CAC. Variety 1. Ex: Eliasberg. There is often a degree of subjectivity involved in the determination of a finest-known coin, especially when two or three examples exist with the same technical grade. Other times the answer is more clear-cut. This is one of the latter.

    Offered in this lot is the acknowledged sole finest 1897-O eagle. Its pedigree is well-established, having originally been purchased from the United States Mint by J.M. Clapp for face value at the time of issue. Almost half a century later it was acquired by Louis E. Eliasberg, Sr., perhaps the most famous American coin collector, through the purchase of the Clapp Estate in 1942. Its only public offering to date occurred in October 1982, when this ten dollar gold coin realized $10,450.

    In the 36 years that have passed since that sale, several high-grade 1897-O ten dollar gold pieces have been discovered in overseas holdings. None of them can match the quality of this Superb Gem. The grading services have seen a couple of Gem and Premium Gem submissions, but again, this piece is in a league of its own.

    Doug Winter has described it as "nearly flawless." In 1982, Dr. Richard Bagg cataloged this coin for the Eliasberg sale, commenting: "An absolutely spectacular example of this New Orleans Mint issue. Undoubtedly one of the very finest known." The surfaces are utterly pristine. There is a single microscopic tick on Liberty's chin and a lint mark (as made) touching the inner point of star 1. A spot of struck-in grease appears within the eagle's shield. Uninhibited mint luster radiates over luminous peach-gold surfaces. The extreme central reverse is a shade darker, furthering the eye appeal. Trivial softness on the stars is typical, while the centers are boldly struck. There may not be another opportunity to obtain this incredible New Orleans eagle for decades. Housed in an old green label holder. Population: 1 in 67, 0 finer. CAC: 1 in 67, 0 finer (1/18).
    Ex: Purchased directly from the New Orleans Mint by J.M. Clapp (11/1897); John H. Clapp; Clapp Estate to Louis E. Eliasberg, Sr. (1942); Louis E. Eliasberg, Sr. Collection (Bowers and Ruddy, 10/1982), lot 814.
    From The Admiral Collection. (Registry values: N1) (NGC ID# 7LHC, PCGS# 8738)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Admiral Collection ]

    Auction Info

    Auction Dates
    February, 2018
    22nd-27th Thursday-Tuesday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 1,492

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