1933 $10 MS (PCGS# 8885)

The August 2013 Chicago ANA World's Fair of Money

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Lot Description
1933 Indian Eagle. MS-64 (PCGS). Secure Holder. The obverse and reverse are bathed in mint luster that displays an outstanding satiny and creamy texture. Yellow-gold dominates, although ample orange-gold is present. There are a few minor copper toned areas and specks, confirming the originality of the surfaces. The fields remain virtually pristine; one tiny nick is found at the base of Liberty's chin and a few others blend into her feather headdress, but no contact marks detract from the high eye appeal. Similarly on the reverse, the fields are splendid and the few nicks reside on the devices, two nearly in line are noted on the eagle's thighs. <br /> <br /> Without question, the 1933 eagle is the most famous of the 32 issues of this series. Although 312,500 were struck, the timing of their creation couldn't have been much worse for their survival. Immense numbers -- over 4 million -- 1932-dated Indian eagles were struck, and many of those still languished in Treasury vaults so demand was certainly not high especially as the American and worldwide Depression deepened. Those eagles struck by March&nbsp;1933&nbsp;were mostly held back in Treasury vaults, although a few were released during the March 1933 time period. The number released was apparently between 30 and 40 pieces which are known today. Likely the others were retained in vaults at the Philadelphia Mint and, together with millions of other coins, were melted in 1937. As the 1933 double eagles are for all practical purposes unobtainable, the rare 1933 eagle, as here, offers the only practical opportunity to acquire a gold coin of this date. It is beautiful and desirable in every respect.&nbsp;
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