1907 $10 Rolled Edge MS (PCGS# 8851)

The August 2013 Chicago ANA World's Fair of Money

  • Auctioneer:
    Stack's Bowers
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Lot Description
1907 Indian Eagle. Judd-1903, Pollock-1997. Rarity-5. Rolled Rim, Periods. MS-66+ (PCGS). Secure Holder. As the new&nbsp;Augustus Saint-Gaudens designs were&nbsp;tried on the Philadelphia Mint's presses, a limited run of 500 Wire Rim coins were struck. After&nbsp;review, it was determined that the wire rim did not allow these coins to stack properly. Chief Engraver Charles E. Barber modified the rim to a "rolled" format which allowed for uniform and balanced stacking. However, the devices did not strike up all that well. Meanwhile, Barber had received new concept designs from the Saint-Gaudens studio which did include a rim as part of the design. Barber wanted to adopt this new revised Saint-Gaudens design but was told to use his in a bit of Mint policy confusion. Records show 31,500 or so pieces were struck, but not released. Most of these were later melted as it was believed their striking was inferior, with perhaps 50 saved, of which 40 to 45 exist today. The next revision by Barber retained the raised rim but no longer had the periods after the Motto,&nbsp;legend or denomination, and thus Barber's Rolled Rim became a distinctive type coin that was intended for circulation.<br /> <br /> The obverse displays considerable yellow-gold luster with swirls of copper accents, while the reverse shows even richer copper luster over the fields and devices. The strike is decent but certain fine details are lacking, notably on the headdress as well as the eagle's feathers, both of which seem rounded when compared with later strikings in following years. There is a short luster graze below the third obverse star which serves to hallmark this coin. Offered is one of the finest examples of this issue known, as PCGS has seen only three that are technically finer. One of the rarest and most prized issues of the 20th century and within American numismatics.
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