1908-S $10 MS (PCGS# 8861)

The June 2012 Baltimore Auction

  • Auctioneer:
    Stack's Bowers
  • Lot Number:
  • Grade:
  • Price:
Lot Description
1908-S Indian Eagle. MS-63 (PCGS). Especially bright and lustrous with creamy yellow-gold surfaces and a sharp obverse strike. The reverse has a few traces of softness on the high points, common to this date and mint. Clean in terms of bagmarks or nicks, and the eye appeal remains strong for this key date. Mintage of a mere 59,850 pieces of which but a tiny fraction survive. Impressive quality for the date collector, and a coin which is hard to find nice and attractive, and certainly a difficult coin to find any finer.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>In 1908 there was relatively little interest in collecting gold coins by date and mintmark variety. The previous year the release of the new 1907 Indian design by Augustus Saint-Gaudens attracted attention, but interest subsided, and it is probably accurate to say that in 1908 not more than a half dozen or so numismatists were the slightest bit interested in adding a 1908-S or other mintmarked issue to their collections. Those who specialized in gold ordered Proofs from the Philadelphia Mint and were satisfied with such. The result is that today the 1908-S eagle in MS-63 grade is very elusive in relation to the demand for it. The present coin offers a nice combination of solid Mint State quality, nice eye appeal, and reasonable price considering its context.<br /> <div><br /> </div>
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