A remarkable collection of U.S. gold coins from an unnamed Midwestern
family that had been off the market for decades led Ira and Larry
Goldberg Auctioneers’ June 5 and 6 pre-Long Beach Auction in Los Angeles.
The collection was especially strong in 19th and early 20th century
Coronet gold and Indian Head $2.50 quarter eagles, $5 half eagles and
$10 eagles. Rounding out the group was a collection of gold
commemorative coins that injected some excitement in the Long Beach
Coin, Stamp & Sports Collectibles Expo held later that week.
Here is one of three gold coins from the collection we're profiling
in this week's Market Analysis.
1907 Indian Head, Rounded Rim, With Periods gold $10 eagle, MS-65+, CAC
1907 marked a year of experimentation at the Philadelphia Mint as
the $10 eagle and $20 double eagle by sculptor Augustus Saint-Gaudens
went into production. For the 1907 Indian Head eagle, several rim
types were tested. Wire rim coins proved challenging to stack; a
thicker rim lent itself to better stacking. Thousands were produced
with a “rounded” or “rolled” rim, but quality concerns stopped
production and most were melted.
COIN VALUES: How much is your 1907 Indian Head worth?
Just 42 examples were kept of the Rounded Rim type with triangular
stops — or “periods,” as they are usually called in auction lot
descriptions — before and after the words on the reverse. This issue
is sometimes considered a pattern issue, but it is widely collected as
an essential specialty subtype in the series. As the lot description
observed, “The Rolled Edge coins are considered close to the original
Saint-Gaudens design, with the minor addition of the rim, but their
central striking softness became their undoing and provided an
opportunity to make modifications to the details of the concept.” The
Midwestern family’s example, graded PCGS MS-65+ CAC, sold for $376,000.
Keep reading this Market Analysis:
Market's second finest known 1909-O Indian Head
gold half eagle brings $517,000
1933 gold coin that is not a double eagle
approaches $1 million sale price
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