1920-S $10 MS61+ NGC. CAC....

Description

1920-S Indian Eagle, MS61+
CAC-Approved Quality
A Marquee Offering

1920-S $10 MS61+ NGC. CAC. The 1920-S Indian eagle is a decidedly difficult issue to locate in Mint State, and auction appearances are big news for series specialists. The 1920-S sticks out in the series like a sore thumb ... or more accurately, a diamond in the rough ... a major rarity dropped right in the middle of a 10-year date gap that spans from 1916 to 1926. The hiccup seems to have been brought about by a need for eagles in either commerce or the banking system as backing for gold certificates. Most of the few surviving representatives are lightly circulated. In Mint State, this issue is arguably the rarest in the series, rivaled only by the fabled 1933, with which the 1920-S has something else in common: its mintage was almost completely destroyed in the 1930s gold melts. Series authority Mike Fuljenz states that the survival rate of the 1920-S is "among the lowest of any Indian Head Eagle relative to the original mintage," in this case 126,500 coins.

The present coin is an impressive MS61 example, with well-detailed design elements that show just a touch of the usual softness on Liberty's curls and the eagle's shoulder. The pleasing straw-gold surfaces are lightly marked for the grade and both sides radiate satiny mint luster. The overall presentation is most attractive and the high quality within the grade is confirmed by CAC. We anticipate intense interest from series specialists when this acknowledged key rarity passes the auction block in August. Census: 6 in 61 (1 in 61+), 20 finer. CAC: 1 in 61, 6 finer (6/23).
Ex: Long Beach Signature (Heritage, 6/2015), lot 4321.

Coin Index Numbers: (NGC ID# 28H8, PCGS# 8881, Greysheet# 9774)

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.

View Certification Details from NGC