1912 $10 MS67 PCGS....

Description

1912 Indian Eagle, MS67
Vibrant Luster, Pristine Surfaces
Tied for Finest Certified

1912 $10 MS67 PCGS. The design of the Indian eagle was slightly modified in 1912 to include two more stars around the obverse, commemorating the entry of Arizona and New Mexico to the Union. An adequate business-strike mintage of 405,000 pieces was accomplished, making the issue moderately scarce, but not too difficult to locate in lower Mint State grades. The availability drops off sharply at the Gem level, however, and the 1912 is a prime condition rarity in MS67.

The rarity of the 1912 Indian eagle in extremely high grade is probably due to the collecting habits of early 20th century collectors. The novelty of the Indian design had worn off by 1912, so few examples were saved for their novelty value. The few numismatists who systematically collected large-denomination gold coins in those days, and they were very few, usually just ordered a proof set from the Philadelphia Mint to update their collections every year. As a result, the great majority of the business-strike mintage was either released into circulation, held in bank or Treasury vaults, or used to settle large transactions in overseas trade. Only a small handful of high-quality examples, like the coin offered here, was saved by contemporary collectors for future generations to enjoy.

The present coin is a magnificent Superb Gem, with well-detailed design elements and impeccably preserved orange-gold surfaces that show hints of yellow and rose. The surfaces show some slight granularity, like most Philadelphia issues of this era, but vibrant frosty mint luster radiates from both sides and eye appeal is terrific. This coin is tied for finest certified with two other examples, one at NGC and another at PCGS (11/14). It should find a home in the finest collection or Registry Set.(Registry values: N1)

Coin Index Numbers: (NGC ID# 28GW, PCGS# 8871, GSID# 9752)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 405,000

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 PCGS