1911-S $10 MS (PCGS# 8870)

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

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    Heritage Auctions
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Lot Description
1911-S $10 MS66 PCGS. The 1911-S Indian eagle is a better date in the series, from a low mintage of 51,000 pieces. The date was considered a major rarity in Mint State until a hoard of 30-40 high-grade specimens surfaced in the 1970s from a European holding. Marc Emory, acting for New England Rare Coin Auctions, discovered the hoard in Spain, as related in the catalog of the Baltimore Signature Auction (Heritage, 3/2009), lot 3177. Those coins were unusually nice for a hoard find, but they have been dispersed long since, and the 1911-S retains much of its elusive nature today. In Indian Gold Coins of the 20th Century, Michael Fuljenz estimates a surviving population of fewer than 550 coins in all grades, while David Akers and Jeff Ambio provide an estimated total of 150-185 Mint State specimens in their Handbook of 20th Century United States Gold Coins. In Premium Gem condition, this date is very rare. Currently, PCGS has certified nine coins in MS66, with none finer, while NGC has graded only two examples at the Premium Gem level, again with none finer (7/11). The 1911-S in MS66 has appeared at auction only nine times over the last two decades, and these citations probably represent only four or five coins. Recent sales include the PCGS graded Premium Gem in lot 2002 of the Milwaukee Signature Auction (Heritage, 8/2007), which realized $74,750. The present coin is a delightful Premium Gem with razor-sharp details on all design elements and vibrant mint luster. The surfaces are a light orange-gold color with vivid green and lilac highlights. This coin possesses terrific eye appeal and should find a home in one of the finest collections of Indian eagles.
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