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    1907 Rolled Rim Ten Dollar, AU58
    Prized Indian Head Melt Rarity

    1907 $10 Rolled Rim AU58 NGC. The 10th edition (2009) of the Judd pattern reference lists the 1907 Rolled Rim ten as a pattern, Judd-1903 (formerly Judd-1775), but demurs on its exact status, saying, "Regular or pattern? This point can be debated." The 1907 Wire Rim and Rolled Rim designs were deemed inferior to the revised design as prepared by Homer Saint-Gaudens and his assistant, Henry Hering, from Augustus Saint-Gaudens' original concept. The modified design (No Periods) is what was ultimately released into circulation, while the former two versions were mostly distributed to privileged individuals, sold to the public, or melted.

    The total number of Rolled Rim tens originally struck, and the number that survived the original mintage, are also open to question. The latest Judd reference suggests that 32,500 pieces were struck, "but all but 42 [were] melted." The second edition of Garrett and Guth (2008) enumerates 31,500 pieces struck with 50 surviving, apparently taking a cue from Roger Burdette, whose research finds that the number saved was actually 50 coins. In Renaissance of American Coinage, 1905-1908, Burdette refers to a November 9, 1907 letter found in the National Archives written by Mint Superintendent John Landis to Mint Director Frank Leach. From the correspondence, it was determined that Director Leach "decided that the incorrectly minted eagles should be destroyed, and on November 9 he approved melting $315,000 (31,500) in gold eagles made from the second models (border, with periods), holding back only fifty pieces for collectors."

    Today the 1907 Rolled Rim eagle remains a rare and desirable coin, regardless of the exact number saved. NGC and PCGS combined have certified 84 examples (9/20) -- a number that certainly reflects multiple resubmissions of the same coins. Most survivors are Uncirculated, which is logical since this issue never entered the channels of commerce. The current coin represents one of the few lightly circulated examples known and, as such, is a welcome opportunity for budget-conscious collectors.

    This piece was probably not just a pocket piece for some fortunate collector. From the numerous abrasions scattered over each side it shows extensive contact with other coins, more than would be expected from a pocket piece. That being said, the only mark of consequence is a scrape to the left of the date. The strike is a bit soft in the centers on surfaces that are bright yellow-gold throughout.
    Ex: ANA Signature (Heritage, 7/2008), lot 2027, which brought $54,625; ANA Signature (Heritage, 8/2015), lot 4427, realized $88,125.(Registry values: N7079)

    Coin Index Numbers: (NGC ID# 268C, PCGS# 8851)

    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
    October, 2020
    15th-18th Thursday-Sunday
    Bids + Registered Phone Bidders: 26
    Lot Tracking Activity: N/A
    Page Views: 618

    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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