1907 $10 Wire Rim MS65 NGC....

Description

Spectacular 1907 Indian Head Eagle
Wire Rim, MS65

1907 $10 Wire Rim MS65 NGC. The 1907 Wire Rim coins (here described by NGC as "Wire Edge") are the ten dollar counterpart to the MCMVII Ultra High Relief double eagle coins, in that they are the most faithful representation of Saint-Gaudens' (and Roosevelt's) artistic vision for the denomination. Like the Ultra High Relief, they were completely unsuitable for high-speed coinage production, but were produced to suit President Roosevelt's whims over his "pet crime."
Garrett and Guth say concerning the issue, "The extreme outer rim on this coin rises to a sharp edge. Unfortunately, these coins cannot be stacked more than two or three high before they fall over, making them unsuitable for commercial purposes. In defense of Mint officials, the Wire Rim was only struck to show the design and test its usefulness. They have a curious finish that resembles the satin finish on certain Proofs, and which is quite unlike that seen on the coins produced for circulation in later years."
The later circulation version of the issue, cobbled up by Mint Engraver Charles Barber, features a rounded rim that allowed stacking of the coins, but while the feather ends are strengthened, the central details of Liberty's hair and the eagle are softer.
Although the Ultra High Relief was produced only to the extent of a handful of pieces, the production of the Wire Rim 1907 eagle is recorded at 500 coins--most of which were saved--and today specimens are always available for a price. The present example shows the characteristic bright yellow satiny finish, with full articulation in the central design and considerable evidence of a knifelike wire rim on both sides. A couple of contact marks on the obverse near the rim at 9 o'clock, and one in the reverse right field, appear to limit a finer grade, but this remarkably attractive coin offers plenty of eye appeal. Census: 33 in 65, 31 finer (4/09).(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.

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