1909-S $10 MS (PCGS# 8864)

CSNS07 Platinum Night

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    Heritage Auctions
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Lot Description
1909-S $10 MS65 PCGS. In 1909, the San Francisco Mint struck 292,350 Indian ten dollar gold pieces, but it remains a tricky issue for the specialist assembling a Gem set of ten Indians. Jeff Garrett and Ron Guth note, "The 1909-S is far more difficult to obtain than expected, particularly so in gem grades. This is made more poignant by the fact that a large number of Mint State examples were discovered in an otherwise random hoard around 1977." In The Coinage of Augustus Saint-Gaudens, the authors reveal that, prior to the discovery of this hoard of about 60 pieces, "this issue was virtually impossible to obtain in Uncirculated condition." Despite the uncovering of a few other small hoards that substantially raised the Mint State population, "the '09-S is still very scarce in Mint State, with most pieces in MS62 to MS64 grades. It remains one of the most difficult issues in the entire series to locate in Gem condition." This is certainly one of the finest of this difficult issue, as PCGS has graded only 19 in MS65 condition and eight finer. Akers (1988) has declared that the 1909-S in generally comes in one of two categories: " ... either very frosty with very little granularity, or slightly satiny." This piece is frosted and it displays a subtle interplay of rose-gold and lilac color on each side. The surfaces are exceptionally clean and this is one of the finest '09-S tens we have seen in recent memory. Population: 15 in 65, 6 finer (3/07).
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