1907 $10 WIRE EDGE

Description

Gorgeous 1907 Wire Rim Indian Eagle, MS 64 PCGS

1907 $10 Wire Rim MS 64 PCGS. This issue was produced to the extent of only 500 pieces (two of which were melted at the Mint), and the 250-300 coins believed extant are the only representatives of Saint-Gaudens' original Indian eagle design that are available to today's collectors. In his Encyclopedia, Breen asserts that the original mintage was divided into 450 business strikes and 50 proofs, but he had never seen one of the proofs. On the other hand, Akers (1988) states that all 500 1907 Wire Rim eagles were produced with the same finish, and, as such, they are all either business strikes or proofs. If Akers is correct, then we are inclined to conclude that this issue was produced only in business strike format. True, the present example displays uncommonly sharp definition for the Indian eagle series, but the digits in the date fade slightly toward the border. The multiple impressions required for proof production should result in razor sharp definition in all areas, including near the rims. Nevertheless, this coin was struck from carefully produced, heavily polished dies, as evidenced by the numerous striations in the reverse field. The surfaces are satiny in texture with pleasingly original, olive and orange-gold color. A moderate, well concealed abrasion in Liberty's headdress above the TY in LIBERTY is all that separates this coin from a full Gem grade. Although technically a pattern, this issue's aesthetic beauty guarantees its popularity among both type collectors and Indian eagle specialists.
From the David & Jeannie Cheung Collection.

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

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 500

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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