1916-S $10 MS (PCGS# 8880)

ANA07 Platinum Night

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2007
  • Grade:
    MS67
  • Price:
    $115,000.00
Lot Description
1916-S $10 MS67 PCGS. The 1916-S Indian Head ten dollar had a comparatively low mintage of 138,500 pieces. Since so many of the extant examples are About Uncirculated or Mint State, this issue apparently did not circulate to any great extent. Concerning the rarity of the '16-S, David Akers writes in his May 19, 1998 catalog of The Dr. Thaine B. Price Collection: Three or four decades ago, the 1916-S was considered to be much more rare than it is today since nice Uncirculated examples were almost never available then. However, in the mid-to-late 1970's, several hoards were discovered containing perhaps 100-125 pieces, most of which were of average Uncirculated quality only. Subsequently, several other small groups were uncovered, adding to the overall population. As a result, the 1916-S is no longer considered a rare issue, but rather a very scarce one in terms of its overall rarity. However, true Gems are still very rare, much more so than they are commonly considered." The population figures attest to the rarity of better Mint State 1916-S eagles. PCGS and NGC combined have graded fewer than 60 near-Gems, 15 or so MS65 coins, five Premium Gems, and a mere two MS67s. No finer pieces have been seen (6/07). The Superb Gem that we offer in this lot is tied for the finest certified 1916-S ten dollar piece! Fine-grained surfaces yield gorgeous luster and somewhat variegated greenish-gold and orange-gold patina, the typical coloration seen on "non-hoard" specimens. A sharp strike brings out excellent detail on the design elements, and both sides have been meticulously cared for. A tiny toning spot at the juncture of the Indian's chin and neck, and a linear graze in the upper left reverse field pedigree the coin. This is a wonderful opportunity for the aficionado of Saint-Gaudens ten dollar coinage. Who knows when this piece will appear on the market again. From The Belle Glade Collection, Part Two.
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