Near-Gem 1907 Indian Head Eagle, MS64
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
Wire Rim, Judd-1901
Saint-Gaudens' Original Design
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) (NGC ID# 26F2, PCGS# 8850)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
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Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers
The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins.
Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on
two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.
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