By CoinWeek ….
This Sunday, bidding ends on GreatCollections for this Wire Edge 1907 Indian Head Eagle $10 gold coin graded MS63 by PCGS. It’s a part of the Hovering Eagle Assortment of U.S. cash.
The Significance of the Wired Edge 1907 No Motto With Intervals Indian Head Eagle
Along with being an instance of the Wire Edge model of the coin, this 1907 Indian Head Eagle can also be a No Motto, With Intervals kind – an essential selection within the historical past of the Augustus Saint-Gaudens-designed collection.
When President Teddy Roosevelt first approached the American Beaux Arts sculptor about beautifying the coinage of the USA, he didn’t want to embrace the motto “In God We Belief” on any coin that the Mint was not legally required to incorporate it, seeing such an announcement as blasphemous. Not lengthy after the cash had been issued, nonetheless, Congress handed laws demanding its look on the gold denomination. The motto can be added to the Eagle’s design, however not till midway by 1908.
“With Intervals” refers back to the dots or durations which might be featured on the design in the beginning and finish of every inscription on the reverse.
As for the sting or rim of the coin, two variations are recognized to collectors: the Wire Edge and the Rolled Edge. Also called the “Wire Rim” or “Knife Rim”, the Wired Edge 1907 Eagle has a raised, considerably sharp rim. Rolled Edge Eagles would not have rims with such definition. Some numismatists imagine that the Wired Edge was created as sample or Proof strike as an alternative of for circulation, however the normal (Purple Guide) consensus is that they’re circulation points. A complete of simply 542 had been produced from one die pair, and 70 of these seem to have been melted seven or eight years later. Roughly 325 to 375 nonetheless survive for collectors to personal immediately, and in the event that they haven’t been cleaned or in any other case impaired within the intervening century plus, all of them exhibit lustrous surfaces and an fascinating frosty matte end.
As of the time of publication, the best of seven bids for this Wire Edge 1907 Indian Head Eagle is $26,000.
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