1907 $10 Wire Rim MS64 NGC. CAC....

Description

Near-Gem 1907 Indian Head Eagle, MS64
Wire Rim, Judd-1901
Saint-Gaudens' Original Design

1907 $10 Wire Rim MS64 NGC. CAC. David Akers reports a net mintage of just 472 Wire Rim ten dollar gold pieces in 1907, with 542 pieces initially struck, and 70 unsold specimens melted between 1915 and 1918. The coins were never released into circulation. Instead, the issue was distributed to Congressmen and Treasury Department officials, and sold to private citizens who ordered them from the Mint. The issue has a high survival rate, and experts estimate a surviving population of 325-400 examples in Mint State grades today.
Wire Rim tens are technically a pattern issue (Judd-1901) but like 1856 Flying Eagle cents, they were struck in sufficient numbers that regular issue collectors have long considered them part of the collectible series. The Wire Rim design has always been prized by collectors, as it is the only available issue that shows Saint-Gaudens' original design for the coins. An early auction appearance was in the William H. Woodin Collection (Thomas Elder, 3/1911), lot 1259. The lot was preceded by an example of the Rolled Edge design in lot 1258 to which Elder refers in his description, "1907. Similar type, with sharp 'wire edge'. Only 550 struck. Rare. Unc. Plate." Elder seems to have been well informed about the issue at this early date.
The present coin is a pleasing near-Gem specimen, with compelling eye appeal. The obverse surfaces have a curious fine granular texture, similar to a matte proof, but the reverse shows the usual swirling die polish marks. Most of the surfaces exhibit the bright yellow-gold color usually seen on this issue, but there is also a slight overlay of reddish patina. A couple of faint handling marks are clustered to the left of the E in E PLURIBUS, the only flaws worthy of mention. Census: 80 in 64, 62 finer (11/09).(Registry values: N7079)

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.

View Certification Details from NGC

View Certification Details from CAC sticker