1899-O $10 MS (PCGS# 8743)

2009 February Long Beach, CA Signature US Coin Auction #1122

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    Heritage Auctions
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Lot Description
1899-O $10 MS64 NGC. This offering--in its second showing--is the only near-Gem 1899-O ten to cross the auction block at Heritage. Behind the lone MS64 example, only two Select Uncirculated pieces have appeared in our auctions. A review of the NGC Census Report provides a clearer picture of the condition rarity of the 1899-O eagle. As of (12/08), only two examples are documented at the MS64 level with none finer, and only seven coins are recorded in the MS63 slot. PCGS shows one piece in MS64, with only one coin grading finer--the untouchable Eliasberg MS68 specimen. "The level of eye appeal for this date tends to be lower than many New Orleans issues from the 1890s. The typical 1899-O eagle is very bagmarked, somewhat dull and lacking good color. Flashy, appealing examples are very scarce and underrated." So Winter (2006) assessed this turn-of-the-century O-mint eagle issue. Yet a handful of exceptional pieces survive, among them this delightful near-Gem, cited in Winter's reference. The strike is crisp and the luster flashy, with thin skeins of sunset-orange lacing through the yellow-gold of the surfaces. Faint, scattered marks in the fields are entirely consistent with the grade. Census: 2 in 64, 0 finer (12/08). Ex: 2007 ANA Sale (Heritage, 8/2007), lot 3217. From The Grand Lake Collection.
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