LOT Old Heritage Auctions  /  2007 Signature Coin - Charlotte, NC #434  / 

2361

1930-S $10 MS64 PCGS. Both President Theodore Roosevel

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1930-S $10 MS64 PCGS. Both President Theodore Roosevel
<B>1930-S $10 MS64 PCGS.</B></I> Both President Theodore Roosevelt and his fifth cousin, President Franklin Delano Roosevelt, both had a direct impact on the collectibility of this coin. Theodore influenced the design and FDR influencing its scarcity. It is ironic that Theodore Roosevelt was responsible for the birth of Saint-Gaudens' ten dollar Indian in 1907 and that Franklin Delano Roosevelt was responsible for the death of the series 26 years later.<BR> According to the Saint-Gaudens National Historic Site, the Indian headdress was included by special request of President Roosevelt, and the standing eagle on the coin's reverse was inspired by Saint-Gaudens' design for the Roosevelt inaugural medal of 1905 (which Saint-Gaudens in turn borrowed from the shekel of Tyre). Theodore Roosevelt waived the regulations that required the destruction of all experimental pieces. Consequently, two coins that would otherwise have been destroyed, the Wire Rim and Rolled Edge tens, are available today and in great demand by advanced collectors of the series.<BR> At the other end of the ten Indian spectrum was FDR's Presidential Executive Order number 6102, The Gold Confiscation Act of April 5, 1933, which called for holders of significant quantities of gold to sell their gold at the prevailing price of $20.67 per ounce. This led to the melting of a great number of pieces, including the 1930-S, as is evidenced by the fact that, despite a mintage of 96,000 pieces, specimens are not nearly as available as this figure would indicate. Further evidence of the melting of a large number of examples of the 1930-S is that neither PCGS nor NGC has graded a 1930-S ten dollar below the level of AU58.<BR> The 1930-S was the first ten Indian struck since 1926, the first from the San Francisco Mint since the elusive 1920-S, and the last to be struck in either San Francisco or Denver. Thankfully for specialists of the series, a small number of Mint State pieces were stashed away by collectors before the gold recall in 1933. Nevertheless, the 1930-S is still difficult in near-Gem and above. PCGS has graded 41 pieces in MS64 and only 18 finer, with three specimens at MS66 being the finest. This piece is fully struck and shows the usual pleasing, frosted mint luster. Close examination reveals significant lilac color interspersed with the reddish-golden seen elsewhere on the coin. A lovely, high-end example of this key issue. <BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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