1907 Rolled Rim $10 Auction Makes $18 Million (Part-2)

Wire Rim $10, like the Rolled Rim $10 at the top of the sale, comes from The Cody Brady Collection Part IV. President Theodore Roosevelt appreciated Augustus Saint-Gaudens' early design for the 1907 Indian eagle, which had a wire rim instead of a border. Just 500 were struck, and 42 more were eventually made.

70 of those 542 coins were melted, leaving 472 for manufacturing. However, the wire rim made it difficult to arrange coins for counting, and it was believed that it would wear out quickly, making the coins underweight. The wire rim design was swiftly abandoned after Chief Engraver Charles Barber added a more practical rolled rim in September.

A Numismatic Guaranty Company (NGC) VF-25 1854-S Liberty quarter eagle from the Allan H. Goldman Collection sold for $288,000. One of only 246 made, it is one of the rarest gold pieces ever released. PCGS CoinFacts estimates that only 11 or 12 remain in any grade, and one is in the Smithsonian's National Numismatic Collection and will never be owned individually.

Another Cody Brady Collection Part IV lot, a 1930-S eagle MS-66 PCGS/CAC, sold for $264,000. PCGS grades only one Duckor and O'Neal sample as MS-67. That the Indian Head $10 gold piece had one of the lowest mintages in the series (96,000) might explain its high collector demand.

However, the 1933 Gold Recall melted 95,000 of these late-date keys, making them rare and valuable to collectors. Only 150 to 200 1930-S eagles in all grades remain, and all but 10 are in Mint State.

An Allan H. Goldman Collection 1841 quarter eagle, PR-50 NGC JD-1 High R.6, one of the rarest U.S. coins, sold for $228,000. “The Little Princess,” as it is known, exists, although mint records indicate no 1841 “P”-mint quarter eagle proof or circulation strikes.

PCGS recognizes proof and circulation strikes, while NGC only accepts 1841 quarter eagles as proofs. Heritage Auctions has confirmed 16 pieces, including one that was stolen years ago and never seen again. Three others are in institutional collections, not for sale.

Both an 1804 eagle Crosslet 4, BD-1, High R.4, MS-63 NGC and a 1907 double eagle High Relief, Flat Rim, MS-66+ PCGS/CAC sold for $216,000. NGC has four MS-63 specimens (one finer) while PCGS has one in MS-63+ (at MS-64). The 1804 eagle is one of them. This beauty had 72 bids before winning.

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