1912 $10 MS (PCGS# 8871)

2006 April (CSNS) Signature Auction #404

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    Heritage Auctions
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Lot Description
1912 $10 MS67 PCGS. Ex: Kruthoffer. Like the 1911, the 1912 is a more available early P-mint that is often used for type purposes. Several dozen Gem and better coins have been certified, but there is a precipitous drop-off in availability at the MS67 level with only this and a single NGC-graded coin known. In the holdings Heritage sold of the Morse Collection in November of last year, there was an MS66 1912, certified by NGC, and that coin brought a record-breaking $16,100. It should be interesting to see what this piece brings as it is the finest PCGS coin certified. The typical 1912 is sharper struck on the obverse than the reverse. That is the case with this coin. The obverse displays strong definition on the hair of the Indian and the headdress, but there is a slight loss of detail on the front edge of the eagle's wing. The finely granular surfaces have an overlay of soft mint frost, and each side shows rich, deep reddish coloration, with a slight intermingling of lilac on the reverse and even fainter portions of that same color on the obverse. Close examination with a magnifier reveals a few tiny marks, but the only one that might be useful for tracing the pedigree of this important coin is an angling mark below the first A in AMERICA. Ex: Kruthoffer Collection (Paramount, 9/81), lot 51, where it brought $4,800. Indian Eagle Selections from the Dr. Steven L. Duckor Collection.
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