1908 $10 Motto MS (PCGS# 8859)

2010 January Orlando, FL FUN US Coin Auction #1136

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2235
  • Grade:
    MS68
  • Price:
    $63,250.00
Lot Description
1908 $10 Motto MS68 NGC. The motto IN GOD WE TRUST was not present on Saint-Gaudens' original 1907 designs for the eagle and double eagle denominations because President Theodore Roosevelt objected to the use of the deity's name on coinage. Congress felt differently, and mandated the return of the motto in 1908. Accordingly, Chief Engraver Charles Barber placed the motto on the reverse, before the eagle's breast early in the year. From a large mintage of 341,300 pieces, the 1908 Indian Head , With Motto eagle is readily available in most grades today. David Akers reports: {blockquote}"By Indian Eagle standards, the 1908 Motto is a plentiful issue. Examples that grade MS-60 to MS-64 are offered on a regular basis, while MS-65s, even though scarce, are still obtainable with a bit of searching. There are even a fair number of MS-66s in the market, but Superb Gems are very rare and seldom encountered."{/blockquote} The present coin is a Superb Gem of unbelievable quality. This piece is finer than the MS67 coin in the famous Phillip H. Morse Collection, and tops the specimen in Jim O'Neal's fabulous collection of ten dollar gold coins. The fine-grain, matte-like surfaces are virtually perfect. Close inspection reveals only two small marks, one across the front of the eagle's tail feathers, and another at the forefront of the eagle's wing. Amazing mint frost covers the matte-like surfaces, and the vibrant color is primarily reddish-gold with occasional hints of lilac. The striking details are full throughout. Certainly, this specimen is one of the finest ten dollar gold coins of any date surviving today. NGC has certified only three coins in MS68 with none finer; while PCGS has graded four examples in this exalted grade, with none finer (11/09).
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