1930-S $10
1930-S $10 MS64 NGC. CAC. The United States Mint had a large supply of Indian eagles on hand after the Philadelphia Mint struck more than 1 million pieces in 1926. Accordingly, no more ten dollar gold coins were struck at any U.S. Mint until the San Francisco facility struck a relatively modest production of 96,000 pieces in 1930. There was still little commercial demand for the coins in the Depression era economy and the bulk of the mintage was never released into circulation. The great majority of the coins was held in government storage until the Gold Recall Act of 1933 took effect, and subsequently melted. Q. David Bowers estimates 95,000 examples of the reported mintage were destroyed in the mass meltings of this period. Probably no more than 150 to 200 examples are extant, the great majority in Mint State. Examples of the 1930-S began appearing at auction as early as lot 22 of J.C. Morgenthau & Company's Sale 405 (10, 1939), "1930-S. Brilliant Uncirculated. Scarce." Collecting large denomination gold coins was just becoming popular in this country at the time and the lot sold for its face value of $20. Perhaps this result is not surprising, since Uncirculated examples of the 1930-S were available for purchase from the Treasury Department at face value until 1932. Collector demand for the issue increased exponentially in later years, and recent sales include the MS64 NGC example in lot 3290 of the Long Beach Signature, that realized $87,000. The present coin is a spectacular Choice example, with sharply detailed design elements in most areas, and just a trace of the usual softness on the eagle's trailing leg. The well-preserved yellow-gold surfaces show a few subtle highlights of green patina, and no mentionable distractions. Vibrant mint luster radiates from both sides and overall eye appeal is outstanding. This coin will be a welcome addition to a fine collection of Indian eagles. Census: 25 in 64, 14 finer (3/24). HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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1930-S $10 MS64 NGC. CAC. The United States Mint had a large supply of Indian eagles on hand after the Philadelphia Mint struck more than 1 million pieces in 1926. Accordingly, no more ten dollar gold coins were struck at any U.S. Mint until the San Francisco facility struck a relatively modest production of 96,000 pieces in 1930. There was still little commercial demand for the coins in the Depression era economy and the bulk of the mintage was never released into circulation. The great majority of the coins was held in government storage until the Gold Recall Act of 1933 took effect, and subsequently melted. Q. David Bowers estimates 95,000 examples of the reported mintage were destroyed in the mass meltings of this period. Probably no more than 150 to 200 examples are extant, the great majority in Mint State. Examples of the 1930-S began appearing at auction as early as lot 22 of J.C. Morgenthau & Company's Sale 405 (10, 1939), "1930-S. Brilliant Uncirculated. Scarce." Collecting large denomination gold coins was just becoming popular in this country at the time and the lot sold for its face value of $20. Perhaps this result is not surprising, since Uncirculated examples of the 1930-S were available for purchase from the Treasury Department at face value until 1932. Collector demand for the issue increased exponentially in later years, and recent sales include the MS64 NGC example in lot 3290 of the Long Beach Signature, that realized $87,000. The present coin is a spectacular Choice example, with sharply detailed design elements in most areas, and just a trace of the usual softness on the eagle's trailing leg. The well-preserved yellow-gold surfaces show a few subtle highlights of green patina, and no mentionable distractions. Vibrant mint luster radiates from both sides and overall eye appeal is outstanding. This coin will be a welcome addition to a fine collection of Indian eagles. Census: 25 in 64, 14 finer (3/24). HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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