1908 $10 Motto PR65 PCGS Secure....

Description

1908 Motto Eagle, Matte PR65
An Important and Beautiful Proof

1908 $10 Motto PR65 PCGS Secure. This Gem matte proof example of the 1908 With Motto eagle coinage is both an incredibly important coin and an intensely beautiful one. Although the number of proof eagles reportedly struck in 1908 was 116 pieces, they were quite popular due to their status as the first proofs of the new Augustus Saint-Gaudens design generally made available to collectors. Struck in the year after "the Saint" died of stomach cancer, the pieces saw large orders from numismatists of the era. The few known proofs of 1907, of whatever kind, are great rarities and were never broadly available to collectors. Regardless of the number struck, far fewer survive today, and they see virtually ceaseless demand. A Gem PCGS example in our Chicago ANA Signature (Heritage, 8/2014), lot 5673, brought $79,312.50 in competition from 11 different bidders.

The Garrett and Guth Gold Encyclopedia notes that "possibly three" proof finishes were used for the 1908 Motto eagles, but the vast majority show a dark matte finish consistent with the present piece. A medium mustard-copper color is remarkably uniform throughout both sides. Even under a loupe, this piece appears conservatively graded, given the absence of even the smallest disturbance in the fabric of each side. No contact marks or tiny surface disturbances appear. A fine wire rim appears around portions of each side, the result of excessive pressure pushing portions of the planchet upward into the collar die. PCGS reports 15 submissions in matte PR65 with 10 finer -- seven PR66, one PR66+, and two PR67 (2/16).
From The Indian Rocks Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 268E, PCGS# 8890, GSID# 9776)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 116

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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