Graded NGC MS 68, the 1907 Wire Rim Indian Head Eagle is among the finest examples known and is surpassed only by a single coin in the NGC Census. Off the market for nearly a quarter-century, it was offered in Session 4 of the auction (as lot 4058), featuring The Dr. Paul and Rosalie Zito Collection.
In 1907, the Indian Head Eagle replaced the long-running Liberty Head series. With a design by renowned sculptor Augustus Saint-Gaudens, the first of three varieties dated 1907 had a mintage of a mere 500 coins. This variety is distinguished by a wire rim instead of the traditional raised rim on US coins. It also includes periods surrounding UNITED STATES OF AMERICA, TEN DOLLARS, and each word in E PLURIBUS UNUM; these periods were dropped from the design ultimately used to strike these coins in large quantities.
President Theodore Roosevelt’s work with Saint-Gaudens (also renowned for his eponymous Double Eagle design) was the beginning of a renaissance of US coinage in the early 20th century. Sadly, Saint-Gaudens passed away weeks before the initial Indian Head Eagles were struck.
Other NGC-certified highlights included:
- A 1915-S Panama-Pacific Octagonal $50 graded NGC MS 66 (Session 3, lot 3196) that realized $180,000
- An 1853 US Assay “884” $20 graded NGC MS 63 (Session 3, lot 3202) that realized $132,000
- A 1915-S Panama-Pacific Round $50 graded NGC MS 64 (Session 4, lot 4080) that realized $126,000
- An 1860 Double Eagle graded NGC MS 64 (Session 4, lot 4065) that realized $120,000
- An 1886 Gold Eagle graded NGC PF 67 Cameo (Session 4, lot 4087) that realized $120,000
- An 1866-S No Motto Double Eagle graded NGC MS 61 (Session 3, lot 3176) that realized $99,000
- A 1915-S Panama-Pacific Octagonal $50 graded NGC MS 64 (Session 4, lot 4081) that realized $93,000
- An 1863 Eagle graded NGC AU 58 (Session 4, lot 4048) that realized $90,000
All prices realized include a buyer’s premium.