1930-S $10 MS65 PCGS....

Description

1930-S Indian Eagle, MS65
Late-Series Melt Rarity
Seldom Seen Finer

1930-S $10 MS65 PCGS. The San Francisco Mint struck a small production of 96,000 Indian eagles in 1930, the first time the famous Western facility had struck the denomination since 1920. Despite the decade-long hiatus, there was little commercial demand for the coins in the Depression-era economy, and relatively few examples were ever seen in circulation. Only a handful of circulated examples have survived, with most of them in lightly circulated AU grades. The great majority of the small mintage remained stored in government vaults until the Gold Recall of 1933 took effect, and were subsequently melted. Experts estimate perhaps 95,000 examples were eventually melted into gold bars and stored in the Fort Knox Bullion Repository.

Fortunately, a few high-quality specimens were saved by contemporary numismatists. According to Dave Bowers' A Guide Book of Gold Eagle Coins, "The 1930-S was one of 16 earlier-dated gold coins available in Uncirculated condition for face value (plus mailing) from the Treasury Department in the summer of 1932." Possibly a few hundred pieces were distributed to collectors through official channels. Today, only 150 to 200 1930-S eagles are believed to survive in all grades, with all but five to 10 of them remaining in Mint State. The issue's rarity was recognized fairly early on; the J.F. Bell Collection example realized $200 in 1944, a 1,900% increase over face value only 14 years after the its issuance.

The present coin is a spectacular Gem, with sharply detailed design elements Throughout. Both sides have highly lustrous and brilliant orange-gold surfaces with no breaks in the luster on either side. A minor blemish is evident in the left obverse field with a tiny tick on Liberty's cheek. Otherwise, both sides are pristine and exceptionally attractive. For the connoisseur who seeks exceptional aesthetic appeal, this lot offers an exceptional opportunity. Population: 19 in 65 (5 in 65+), 6 finer (11/24).
Ex: FUN Signature (Heritage, 1/2007), lot 3691.(Registry values: N7079)
From The KRGJ Collection.

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

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.

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