1907 $10 Wire Edge MS (PCGS# 8850)

August 2011 Chicago ANA World's Fair of Money Auction

  • Auctioneer:
    Stack's Bowers
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Lot Description
1907 Indian Eagle. Judd-1901 (Judd-1774), Pollock-1995. Rarity-3. Wire Rim. MS-65 (PCGS). CAC. OGH. One of the most important, eagerly sought and, hence, valuable issues in the entire Indian eagle series of 1907-1933, the 1907 with periods on reverse, also with a wire rim, is the only issue available to collectors that shows Augustus Saint-Gaudens' original design for this type. The Philadelphia Mint struck a mere 542 pieces, although the number distributed is actually only 472 coins since 70 pieces were retained in the Mint and eventually melted between 1915 and 1918. As beautiful as the design is, the Wire Rim ten&nbsp;proved&nbsp;impractical for regular issue production and was soon replaced by other designs, specifically the transitional Rolled Edge pieces of 1907 and eventually the "No Periods" type of the same year. <br /> The Mint did not&nbsp;release any Wire Rim Indian eagles into circulation, the coins instead being used for presentation to government officials and other important personages. Given the manner in which the coins were distributed and subsequently handled, most surviving examples are Mint State. Yet since many coins were originally presented to non-numismatists, the typical Wire Rim ten encountered in today's market grades no finer than MS-64 due to the presence of significant handling marks. An important departure from the norm, this remarkable Gem possesses superior technical quality and eye appeal even for the MS-65 designation. The obverse is smooth enough to evoke thoughts of at least an MS-66 grade, while on the reverse a few wispy abrasions in the left field hardly detract. Overall smooth with a vibrant, satiny, orange-gold finish, a sharp strike is also easily seen. A loupe reveals myriad swirling die polish lines (as made) in the fields, as&nbsp;always present in survivors of this issue. Very attractive, and also very PQ.<br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>A lovely coin, a marvelous example of the
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