1920-S $10 MS (PCGS# 8881)


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Lot Description
1920-S Indian Eagle. MS-64 (NGC). Frosty and lustrous deep honey gold with lively rose and sky blue iridescence. The surfaces show no serious marks and the strike is substantial for the date. The first issue in the type since the 1916-S, and the last in the type until 1926. Despite its mintage of 126,500 pieces, the 1920-S is a notable rarity; Breen suggests <em>en masse </em>melting of the date as the culprit. The 1920-S is one of just three dates in the Indian series after 1907 that have a <em>Guide Book </em>value in the five-figure range across the grading spectrum from VF to mint state.&nbsp;No hoards of the date have ever come to light though an occasional example has found its way from Europe to our shores. Most of the examples of the date known are in mint state, testimony to their stay in bank bags without being released to circulation. Indeed, after the Bank Holiday of 1933, it is a wonder that many are known at all given the wholesale melting of gold issues in the ensuing years. A grand opportunity for an advanced Indian eagle collector to add one of the "stopper" dates to his or her collection.<br />
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