1911-S $10 MS66 PCGS. CAC....

Description

1911-S Ten Dollar Indian, MS66
Among the Finest Certified, CAC Approved

1911-S $10 MS66 PCGS. CAC. The 1911-S Indian ten dollar gold piece was once considered one of the rarest dates of the series in Mint State. The date boasts a low mintage of just 51,000 pieces, and the great majority of the coins were released into circulation at the time of issue. Before the discovery of a hoard of 50 pieces in Europe in the 1970s, Mint State specimens of this date were virtually unheard-of. The date began appearing in auction catalogs in the 1940s, but even great collectors like F.C.C. Boyd and King Farouk were content with specimens that graded only VF during that era. Louis Eliasberg, the "King of Coins," settled for an XF40 example in his extraordinary collection.

The situation changed radically in 1979 when Marc Emory, acting for New England Rare Coin Galleries, brokered a deal for a group of Gem Uncirculated 1911-S eagles through his contacts in Spain. The story of this remarkable find was told for the first time in the Ivy Press publication The Coinage of Augustus Saint-Gaudens. The hoard was originally the property of the American governor of the Philippines in 1911, who gave a group of 50 ten dollar gold coins from the San Francisco Mint to a Spanish citizen who was residing in the Philippines at the time. The coins were preserved by that gentleman, who later returned to Spain, and the hoard became part of his estate when he died. The coins were retained by his family for many years until his grandson decided to sell them through a prominent coin collector from Barcelona. Marc Emory met with the collector and finalized a deal through a Swiss bank for 30 of the coins. The remainder of the hoard eventually became available, and NERCA became the conduit for their entry into the U.S. coin market. Nearly all Gem level 1911-S eagles in collector's hands today are from this fantastic hoard.

The present coin is sharply struck, with complete detail evident on all the design elements. The well-preserved, slightly granular surfaces are overlaid with soft, satiny luster that creates compelling visual appeal. Only 12 coins have been certified at the MS66 level by NGC and PCGS combined, with none finer (5/18).
Ex: Baltimore Signature (Heritage, 3/2009), lot 3177.
From An Important New York Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28GV, PCGS# 8870, Greysheet# 9767)

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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