1907 $10 Wire Edge MS (PCGS# 8850)

The August 2013 Chicago ANA World's Fair of Money

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    4523
  • Grade:
    MS67
  • Price:
    $211,500.00
Lot Description
Obv: An elegant design with Liberty facing left wearing an war bonnet at the request of President Theodore Roosevelt, with 13 stars above and the date below. The word LIBERTY is inscribed at the base of her war bonnet. The fields are open and there is a thin wire rim or fin at the extreme edge of each side. Rev: A standing eagle facing left and grasping a fasces with arrows within, and a long olive branch each in the appropriate claw -- right for the olive branch and left for the fasces. Behind and above the eagle is the legend E PLURIBUS UNUM and above and surrounding is UNITED STATES OF AMERICA. Below the eagle is the denomination stated as TEN DOLLARS. Stops or periods follow and precede the words on the reverse only save for one after LIBERTY on the obverse.<br /> <br /> These&nbsp;coins were highly sought-after soon after they were struck as the first of their kind. They became even more desired once the designs kept changing with the rim adaption on the Rolled Edge coins, then the removal of the periods from the reverse on the later 1907 eagles struck for circulation. From the mintage of 500 pieces, many were given out or sold to dignitaries and other VIPs with some official&nbsp;mint connection, thus survival was random and many were not carefully preserved.<br /> <br /> Both sides show handsome swirling orange-gold and yellow-gold luster. The strike is full with strong definition within the feathers of the headdress and on the eagle. The preservation is outstanding, as the fields and devices show no deep or detracting marks or abrasions. This example is tied as the finest seen by PCGS with at most five other examples. Not only is it one of the most difficult coins to find, it is also one of the nicest recorded. Worthy of a record price and the perfect way to begin an advanced collection of Indian eagles.
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