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1908-S $10 MS68 NGC....
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Sold on Jan 7, 2016 for:
$64,625.00
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Description
1908-S Indian Eagle, MS68
Low-Mintage Series Key
Only One Finer Coin at NGC
1908-S $10 MS68 NGC. The 1908-S Indian eagle boasts an
extremely low 20th century business-strike mintage and the issue is
one of the key dates of the series. As David Akers noted in his
catalog of the Dr. Thaine B. Price Collection in 1998:"With a low mintage of only 59,850 pieces, the 1908-S Indian Head Eagle has long been considered one of the rarities of the series. It is apparent that most of the mintage went into circulation since circulated specimens are the most commonly seen examples of the issue. Mint State pieces, including some in Very Choice to Gem condition, are available with more regularity than some other less highly regarded issues of the series, but it is still correct to regard the 1908-S as rare in Gem condition since at most 20-25 such examples exist."
Current population data suggests that Akers' estimate of 20-25 Gem survivors may be a little on the low side, but it is still in the ballpark. Some of the finest-known examples were preserved in a small hoard accumulated by super-collector Virgil Brand that surfaced in the early 1980s. Walter Breen mentioned two small gatherings that included extremely high-quality examples, one that surfaced in the 1940s and a European holding that was marketed in the 1970s. It is likely that most of the really high grade coins we know about today came from those sources.
The present coin is a magnificent MS68 specimen, with sharply detailed design elements and impeccably preserved orange-gold surfaces that show a few highlights of rose. Vibrant mint luster adds to the incredible eye appeal. This coin should find a home in the finest collection or Registry Set. Census: 2 in 68, 1 finer (11/15).(Registry values: N1)
Coin Index Numbers: (NGC ID# 28GL, PCGS# 8861, GSID# 9761)
Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 59,850
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.
Auction Info
2016 January 6 - 11 FUN US Coins Signature Auction - Tampa #1231 (go to Auction Home page)
Auction Dates
January, 2016
6th-11th
Wednesday-Monday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 1,184
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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