Description
This is a 1909-S $10 INDIAN GOLD, PCGS MS-64+ CAC; PQ & WOULD BE $40K+ IN MS-65 CAC!
IN THE NUMISMATIC HOBBY SOME COINS JUST SEEM LIKE GREAT VALUES, AND HERE IS JUST SUCH A COIN. BEAUTIFUL GEM-LIKE SURFACES ARE ACCENTUATED BY RADIANT LUSTER UNCHARACTERISTIC OF THIS DATE. FOR ATTRIBUTION PURPOSES, THE MINTMARK ALSO EVIDENCES CLEAR REPUNCHING. THE QUALITY OF THIS PIECE IS UNQUESTIONABLE, AND CAC OBVIOUSLY AGREED.
IN HIS QUINTESSENTIAL STUDY OF U.S. GOLD COINS, DAVID AKERS OPINED: Most of the Uncirculated examples that are known of this issue come from a single hoard that was discovered in the late 1970s. The pieces from that group are generally well struck with above average lustre and attractive greenish gold and rose color. Other examples I have seen that were not from the hoard were similar in color, but I have also seen a few that were rich yellow gold as well as some others with a light coppery gold color. The surfaces are either very frosty with very little granularity, or slightly satiny. The Eliasberg coin had a widely double punched mintmark but I have not seen any others with this characteristic.
Most of the coins in the hoard of 50 to 60 pieces graded from MS-60 to 63. Only a very few even reached the MS-64 level and I do not believe any of then would grade a full MS-65 by today’s standards. (Kruthoffer’s was perhaps the best piece from the hoard and it may well meet the current standards for MS-65 but it is more likely a high end MS-64 today.) The three finest 1909-S eagles that I am aware of are the Eliasberg coin now owned by Dr. Thaine Price, the one currently owned by Robert Kruthoffer, Jr., and the Norweb specimen. All three pieces were reportedly obtained directly from the Mint, are entirely free of bagmarks and grade MS-65+ or higher. The handful of other gems around are not even close to these three pieces in overall quality.
THE COMBINED POPULATION OF CAC COINS GRADED MS-64 & MS-64+ IS JUST 14 COINS WITH A SCANT 6 PIECES GRADED HIGHER. PCGS RETAIL PRICE GUIDE IS $17500 FOR A NON-CAC COUNTERPART, AND THE LAST MS-65 CAC SOLD FOR $40,800! FOR THE BUYER TROLLING FOR AN EXAMPLE OF THIS DATE AT A BARGAIN-BASEMENT PRICE, THIS IS NOT YOUR COIN, SO LET’S NOT WASTE EACH OTHER’S TIME. BUT, FOR THE DISCERNING INVESTOR/COLLECTOR THAT DEMANDS THE FINEST QUALITY AVAILABLE AT AN ASSIGNED GRADE LEVEL, THIS COIN WOULD BE HARD TO BEAT. IN OUR OPINION, THIS COIN IS TRUE NUMISMATIC BLUE CHIP STOCK!
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