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    1930-S Ten Dollar Indian, Frosty MS65
    Scarce, Heavily Melted Key Issue

    1930-S $10 MS65 PCGS. The 1930-S Indian eagle is an iconic gold melt rarity. Only 96,000 pieces were struck. There is an old photograph of a San Francisco Mint vault that shows a wall of newly minted coins, and in a "small" pile in the corner are a group of sealed mint bags marked: "S.F. / MINT / $5,000 / EAGLES / 1930." That photographed vault is believed to have contained almost the entire mintage of the 1930-S eagle, of which one surviving example is offered here, in Gem condition.

    Sometime after the photograph was taken, a small number of coins were made available to the public, either through the Mint Cashier or via distribution to the federal reserve banks. Remainders from the annual assay may also have been available to coin collectors through the Philadelphia Mint. It was not until April 1933 that ownership of recently minted gold coinage became illegal. According to research by Roger Burdette in Saint-Gaudens Double Eagles, almost all twenty dollar gold pieces struck at San Francisco in 1930 were melted just a few years later, without documentation to suggest that any significant quantities were ever even exported for trade. A similar fate likely befell the ten dollar gold pieces of this date.

    Without question, the 1930-S Indian ten dollar is one of the grand key dates in the series in all grades. And it is especially rare in Gem and finer condition. We sold a stunning Gem in our September 2014 Long Beach Signature auction. That CAC-endorsed PCGS coin realized more than $85,000, setting an auction record at the time for a 1930-S eagle in this grade, and that record still prevails. This piece is visually and technically the equal of that coin. Frosty orange-gold surfaces yield tinges of lilac and peach as they are made to shimmer beneath light by delicate rotation. The strike is sharp, and a tiny mark on Liberty's jaw is the only imperfection that is readily observable. It is a magnificent example of the final eagle coinage of the San Francisco Mint, one we expect to equal or exceed the record of any 1930-S Gem in a Heritage auction. Population: 18 in 65 (3 in 65+), 6 finer (3/19).(Registry values: N7079) (NGC ID# 28HA, PCGS# 8883)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    April, 2019
    25th-28th Thursday-Sunday
    Bids + Registered Phone Bidders: 28
    Lot Tracking Activity: N/A
    Page Views: 1,390

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Saint-Gaudens Double Eagles as Illustrated by the Phillip H. Morse and Steven Duckor Collections
    Revised Edition by Roger Burdette, and edited by James L. Halperin and Mark Van Winkle

    Saint-Gaudens Double Eagles is an issue-by-issue examination of this artistically inspired series of gold coins. Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on two extraordinary collections: The Phillip H. Morse Collection and the Dr. and Mrs. Steven L. Duckor Collection.

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