1930-S Ten Dollar Indian, Pleasing MS64
1930-S $10 MS64 PCGS. The story of the 1930-S ten dollar is
the same as many of the mintmarked double eagles from the 1920s and
early 1930s: Abundant (or at least adequate) original mintage, but
very few remaining examples because of mass meltings in the
mid-1930s. In the case of the 1930-S the original mintage was
96,000 pieces. But there was a mass extinction of this issue. It is
believed today that around 200 pieces are known in all grades. And
"all grades" requires a bit of explanation. Almost every 1930-S is
Uncirculated. In fact, the two major services have only certified
11 coins lower than MS60. This unavailability in circulated grades
further reinforces the wholesale melting of this issue.
The Fourth Rarest Issue in the Series
In the context of the ten dollar Indian series, the 1930-S ranks a solid fourth in overall rarity, only trailing the 1933, 1920-S, and the 1907 Rolled Edge. That is prestigious company indeed. In his reference on Indian gold coins, Mike Fuljenz makes the following comments about the general characteristics of the 1930-S:
"Many 1930-S Eagles were roughly handled and as a result, the surfaces are often heavily abraded. It appears that a few small hoards have been found on which the surfaces are much cleaner and these pieces were probably not thrown loosely into bags with other surviving examples."
It can never be known, but this may well be one of the hoard coins Fuljenz refers to. The surfaces are exceptionally clean, lacking the usually found heavy abrasions seen on many 1930-S tens. The mint luster is bright and frosted, and each side displays uniform yellow-gold color. An exceptionally pleasing coin.
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N4719) (NGC ID# 28HA, PCGS# 8883)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
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