1907 $10 Wire Rim MS64 PCGS....

Description

1907 Indian Eagle, MS64
Famous Wire Rim, Periods Issue
Net Mintage of 472 Pieces

1907 $10 Wire Rim MS64 PCGS. Historically, the 1907 Wire Rim Indian eagle has been collected by series specialists and pattern collectors alike, as the only available issue that shows Augustus Saint-Gaudens' original design for the ten dollar gold piece. The 1907 Wire Rim ten is listed as Judd-1901 in the current pattern reference, but most numismatists now believe these coins should be considered business strikes. Whether the coins were patterns or regular issues became a more-or-less moot point when President Theodore Roosevelt lifted the ban on selling experimental coins for the 1907 Saint-Gaudens issues. Subsequently, the coins were sold to a wide range of VIPs, Congressmen, Treasury officials, and museums. In the initial distribution, only a few reached collectors' hands.

Initially, 500 examples of the design were struck, with another 42 coins struck later in the year. Unfortunately, only 472 specimens were ever distributed. The remaining 70 coins were melted after 1915. The design exemplifies the style of Saint-Gaudens: sculpted in high relief, with concave fields that slope up directly into the edge of the coin. A thin fin, or wire rim, of metal is seen around the edge of the coin, caused by the extrusion of metal between the collar and the dies during the striking process.

Unfortunately, the lack of a protective rim around the coin and the high relief of the eagle motif on the reverse made the design unsuitable for coinage. The coins did not stack properly and the design details were not sufficiently brought up. Mint Director George Roberts feared the coins would be easy to counterfeit. President Theodore Roosevelt was eventually convinced of these difficulties, and the Wire Rim design was retired in favor of the famous Rolled Rim design.

This impressive Choice example exhibits a bold strike for the issue, with just a touch of the usual softness on Liberty's curls and the outer headdress feathers. The well-preserved orange-gold surfaces radiate vibrant satiny mint luster, with outstanding eye appeal. This coin will be a welcome addition to a fine collection of Indian eagles.(Registry values: N7079)
From The Davin Collection.

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

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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