1907 Rolled Rim $10 Auction Makes $18 Million

A PCGS MS-66 1907 Rolled Rim $10 sold for $810,000 to lead Heritage Auctions' Long Beach Expo/Summer FUN US Coins Signature Auction at $17,958,884 July 14-17.

With 3,686 global bidders competing for 1,921 lots, the auction had sell-through rates of over 99.9% by value and lots sold. The Cody Brady Collection Part IV top lot is uncommon. The specimen is one of 13 66s (two 66+) and four better grades.

“This is a beautiful and rare coin, scarcer than all Indian eagle series issues except the 1933, and it is prized by pattern collectors and series specialists,” said Heritage Auctions head cataloger Mark Van Winkle.

“PCGS CoinFacts estimates that 40–42 pieces of the 1907 Rolled Rim $10 survive, most of which are MS-63 to MS-65. Two Rolled Rim specimens are in the Smithsonian National Numismatic Collection and two in the American Numismatic Society.

The Rolled Rim $10 was the highlight of the auction, but 18 items brought six-figure results, including a 1943 cent struck on a bronze planchet, AU-50 PCGS, and a 1907 Wire Rim $10 MS-67 PCGS, which had winning bids of $336,000.

The most renowned and sought-after mistake coin is the 1943 Lincoln cent. While hundreds of millions were struck annually, 1943 cents were struck in zinc-coated steel to meet World War II munitions shell casing copper needs

This previously unknown bronze planchet was one of a few that stuck in the Mint tote bins in late 1942 and were sent into the presses, emerging in 1943 in a zinc-coated steel cent bin.

Demand increased, not merely due to rarity. In the late 1940s, national rumors circulated that Henry Ford would offer a new car to anyone who unearthed a 1943 “copper” penny. Ford made no such claim, but the promise of a free automobile piqued curiosity.

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