1913-S $10 MS64 PCGS. CAC....

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Sold on Aug 12, 2011 for:

$83,375.00 Bid Source: HA.com/Live bidder

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Description

Deep Orange-Gold Near-Gem 1913-S Eagle
'Great 20th Century Condition Rarity'

1913-S $10 MS64 PCGS. CAC. The 1913-S Indian eagle was a rarity from its inception, with a modest mintage of only 66,000 pieces. It was long believed to be the single-rarest series issue in Gem or finer grades. But today the advent of third-party grading, as Mike Fuljenz notes in Indian Gold Coins of the 20th Century, leads to the conclusion that the 1911-D -- also a low-mintage issue, struck to the extent of 30,100 coins -- has the claim to rarest in Gem or finer condition.
The 1913-S is nonetheless second-rarest in Gem condition. Fuljenz writes:

"This date overall ranks in the top third of all Indian Eagles but should still be considered very, very scarce in any grade. Most known examples seen today fall between heavily circulated VF to lightly circulated AU. Uncirculated examples are scarce in any grade and even in the near Gem condition of MS64 there are just twenty-five examples graded by NGC and PCGS combined. ...
"The 1913-S Eagle is regarded as one of the great condition rarities in all of the 20th century US gold series. It is moderately scarce even in circulated grades and the small numbers of Uncirculated pieces that exist consist mainly of MS60 to MS62 pieces. In MS63, this date is rare and it is very rare in MS64."

The numbers Fuljenz quotes above have actually fallen a bit since publication, as NGC and PCGS combined now report 22 Gem examples, with seven finer (6/11). This MS64 PCGS specimen is one of 11 at NGC, with three finer. The finely granular surfaces are sharply struck, typical for the issue, and display an overlay of soft mint frost. The only "mark" of note is a Mint-produced curved partial rim just to the left of the date, a feature that also shows on many examples of the 1911-S. Deep orange-gold color prevails throughout both sides.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28GZ, PCGS# 8874, Greysheet# 9769)

Weight: 16.72 grams

Metal: Gold

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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