1930-S $10 MS64+ PCGS. CAC....

Description

1930-S Indian Eagle, MS64+
Low-Mintage, Late-Date Key
CAC-Endorsed Quality

1930-S $10 MS64+ PCGS. CAC. The 1930-S Indian eagle is one of the most sought-after issues of the popular series. In his Indian Gold Coins of the 20th Century, Mike Fuljenz notes:

"After a ten-year hiatus, production of the Indian Head Eagle resumed at the San Francisco Mint. This is the final mint marked date of the design and it is one of the rarer dates in the series from the standpoint of overall rarity. Unlike the earlier dates from this mint, the 1930-S did not appear to circulate and, as a result, it is almost never seen in grades below MS60."

A meager mintage of just 96,000 pieces was struck but, as Fuljenz hints in his analysis, the rarity of the 1930-S Indian eagle is due to its pattern of distribution, rather than its small production total. Small denomination gold coinage was seldom seen in circulation after World War I, as people had become accustomed to using the more convenient paper money for everyday transactions. Large denomination gold coins still had a role to play in foreign trade and as backing for paper currency, so double eagles were produced regularly throughout the 1920s to serve those needs. There was less demand for eagles, however, and after a large Philadelphia mintage of 1.4 million pieces in 1926, none were struck at any U.S. Mint until the small production was accomplished at the San Francisco facility in 1930. Even that small mintage proved unnecessary, as an influx of gold from foreign banks more than balanced the outflow of gold in foreign trade in 1930. The unneeded eagles were stored in Mint and Treasury vaults, and none were released into circulation. A small number of coins were distributed to the public through the Treasurer's Office and a few may have been saved by members of the Annual Assay Commission. The great majority of the small mintage was melted into gold bars after the Gold Recall of 1933 took effect, and stored at the Fort Knox Bullion Depository. The 1930-S was the last branch mint eagle ever produced in this country. Since the coins were never released into circulation, nearly all examples seen today are in Mint State condition. Experts believe the surviving population numbers about 200 coins and the issue is decidedly rare in grades above the MS64 level.

The present coin is a spectacular Plus-graded Choice example, with sharply detailed design elements and well-preserved orange-gold surfaces that radiate vibrant mint luster from both sides. No mentionable distractions are evident. Overall eye apeal is outstanding and the high quality within the grade is confirmed by CAC. This coin is pictured on PCGS CoinFacts, in the View More Images section. Population: 47 in 64 (11 in 64+), 25 finer. CAC: 13 in 64, 10 finer (6/24).(Registry values: N4719)
From The Naples Collection.

Coin Index Numbers: (NGC ID# 28HA, PCGS# 8883, Greysheet# 9775)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.53oz
Mintage: 96,000

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.

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