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1907[$10] Wire Rim MS64 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1907[$10] Wire Rim MS64 PCGS.
<B>1907<$10> Wire Rim MS64 PCGS.</B></I> In the opinion of this cataloger (and a great many other numismatists, we suspect), the Indian Eagle is one of the most beautiful coins ever produced by the U.S. Mint. The work of Augustus Saint-Gaudens, this design made its debut in 1907. The original coins produced (500 examples, according to a letter that Henry Chapman wrote to John Garrett in 1908) are the only coins of this type that display Saint-Gaudens's design in its original form. The name of this issue stems from the delicate, knife-like rim that both sides display. This feature is the result of metal being forced between the collar and the dies during striking; the coins were not originally designed with a rim. The wire rim on both sides had the potential to interfere with the ejection process, and it also caused stacking problems. What's more, the lack of a traditional rim made the surfaces very susceptible to abrasions. These considerations explain why the Mint did not adopt Saint-Gaudens' original design for circulation. Debate still rages over whether or not these coins were produced as proofs or business strikes. Either way, they were not intended for general circulation, but rather to demonstrate the design and striking characteristics of the new Indian Eagle.<BR> The present coin is satiny in finish with an original, deep orange-gold sheen. The surfaces are partially veiled in hazy overtones, but the diagnostic striations (as struck) in the reverse field are readily evident. There are a couple of thin vertical abrasions in the left reverse field, but otherwise both sides are distraction-free. <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.