Auction record realized for Indian Head eagle

Last sold in 2011, this Satin Finish Proof 1907 Indian Head, Rolled Edge gold $10 eagle brought $2.4 million this time around in the Heritage U.S. Coins Signature Auction.

Image courtesy of Heritage Auctions.

One of only two Satin Finish Proof examples traced of a 1907 Indian Head, Rolled Edge gold $10 eagle, identified as JD-1 in John W. Dannreuther’s recent book on Proof gold coins and graded Proof 67 by Professional Coin Grading Service, sold for an auction-record $2.4 million, to lead the GACC Show-related Heritage U.S. Coins Signature Auction Oct. 2 through 5 to $15,631,669.

That result, coupled with the $11,629,298 realized by the firms GACC Show-related U.S. Currency Signature Auction Oct. 7 through 10, totaled $27,260,967 for Heritage Auctions’ numismatic events held in conjunction with the Great American Coin and Currency Show that was held Sept. 23 through 27 at the Donald E. Stephens Convention Center in Rosemont, Illinois.

The result for the Satin Finish Proof 1907 Indian Head, Rolled Edge gold $10 eagle eclipsed the previous record of $2.185 million set when Heritage sold the same coin in 2011.

The eagle once held a place in the personal collection of Mint Director Frank A. Leach, is one of just two known Proof examples, and was struck using the same irregular stars edge collar as the patterns held in the Smithsonian.

“This was a remarkable result for a remarkable coin, and consistent with a number of impressive prices,” says Todd Imhof, Executive Vice President at Heritage Auctions. “This 1907 Rolled Edge Eagle is a coveted prize among collectors, many of whom have been eagerly waiting for it to be offered at auction again.”

Nearly three dozen bids poured in for a Mint State 64 1796 Draped Bust, Small Eagle silver quarter dollar from the Hawkeye Collection that was graded by Numismatic Guaranty Co. and sold for $408,000. The B-2 coin (as cataloged in Early Quarter Dollars of the United States Mint 1796-1838  by Rory Rea, Glenn Peterson, Bradley S. Karoleff and John J. Kovach Jr.) is an exceptional example of the denomination, one of the last to be introduced of coins authorized by the Mint Act of 1792. The first delivery of quarter dollars was in April 1796.

After the final 1796 quarter fell from the press in early 1797, no additional quarter dollars were made until 1804, followed by another significant gap from 1808 through 1814.

A 1920-S Saint-Gaudens gold $20 double eagle from the Alymaya Collection, Part II, closed at $360,000. It was graded by PCGS as MS-64 and the grade was supported by a Certified Acceptance Corp. green sticker.

Roger Burdette estimated in Saint-Gaudens Double Eagles that this is one of just 187 examples that actually were distributed from an original mintage of 558,000 coins. Unlike most Saint-Gaudens double eagles of this era, the 1920-S issue is sometimes found in circulated grades. The few known high-grade examples likely were saved by coin collectors on the Assay Commission. Two examples are included in the collection of the American Numismatic Society, one is located in the National Numismatic Collection at the Smithsonian Institution, and another is in the holdings of the Connecticut State Library.

Connect with Coin World:  
Sign up for our free eNewsletter
Access our Dealer Directory  
Like us on Facebook  
Follow us on X (Twitter)

Whether you’re a current subscriber or new, you can take advantage of the best offers on magazine subscriptions available in digital, print or both! Whether you want your issue every week or every month, there’s a subscription to meet your needs.


Community Comments

NEWS