1910 $10 PR65+ NGC. CAC....

Description

1910 'Bright Proof' Ten Dollar Indian, PR65+
Only 25-35 Pieces Believed Known Today in All Grades

1910 $10 PR65+ NGC. CAC. Like the other other gold denominations struck in 1910, the mintage was significantly higher than other years in the 1908-1915 era. However, even though 204 proof tens were produced this year, the 1910 is the second scarcest date in the series. All the proofs struck were of the "Satin Finish" or "Bright Proof" variety, except for a single four-piece proof set that was struck with a matte finish.

The number of survivors from this substantial mintage is reliably believed to be in the range of 25-35 proofs in all grades, indicating a very high attrition rate with approximately only one out of 10 coins struck extant today. This low survivorship was undoubtedly due to the unpopularity of the bright proof method used in 1909 and 1910. It also suggests that most of the proofs that were distributed were dropped into circulation in later years because of their high face value. Such "bright proofs" would have easily mixed with other business strike ten dollar gold coins, a situation that could not easily be done with the distinctive finish of the matte proofs. Most of the survivors are PR65 or better. Since 2005 only five Gems have been offered at public auction, and Heritage has offered each one. During that same ten-year span, the prices realized have remained consistently strong. The lowest price was $66,125 in 2007, and the highest was $97,750 in 2008.

This Gem proof has uniformly bright yellow-gold surfaces on each side with no accents of reddish patina as often seen. The rims are squared off around each side with sharp distinction seen between the inner rim and field. Close examination reveals a slight wire rim around each side, undoubtedly created by the striking pressure of the hydraulic press and the tripartite collar used on this design. The pebbly surfaces do not readily reveal post-striking defects. The only two we have been able to see are a tiny mark above and to the right of the lip of Liberty on the obverse, and a shallow horizontal mark to the left of the fasces on the reverse. Only two other PR65 coins have been certified by NGC, and there are 15 examples in PR66 and PR67 (undoubtedly with a small number of resubmissions included in this number).
From The Big Sky Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28HG, PCGS# 8892, Greysheet# 9778)

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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