Friday 24th May 2013



$10 Gold Menu

Overview
Capped Bust
Liberty Head
Indian Head

Indian Head Gold Eagle 1907 - 1933

Some believed the obverse to be Henrietta (Hettie) Anderson, others say the Indian was modeled after a figure of Nike (Victory). For the reverse, Saint-Gaudens adapted a standing eagle which had been used before on the inaugural medal created for Theodore Roosevelt in 1905.

The wire and rolled rim motif differs from most circulation issue in that there are raised periods before and after the reverse inscriptions. Some of these coins are called "Proof", but since all are struck from the same pair of dies, they are all Mint State, or they are all Proofs.

Vital Stats.

  • Designer: Christian Gobrecht
  • Content: 90% gold 10% other
  • Diameter: 26.8 millimeters
  • Edge: Reeded
  • Weight: 16.7 grams
  • Mint Mark Location: Left of the arrowheads on the reverse.


  • I View Grading

    Type 1, 2 and 3

    Year/
    Mint Mark
    Circulation
    Strikes
    1907239,950
    190833,500
    1908-D210,000

    Type 1
    Wire Edge No Motto with Periods

    1907 Indian Head Gold Eagle Coin Type 1, Wire Rim - Obverse 1907 Indian Head Coin Type 1 Gold Eagle, Wire Rim - Reverse

    The coinage of the 1907 with wire rim on the obverse and periods after the legend on the reverse is unknown. Estimates vary slightly, but 500 to 550 would seem to be the best guess, but at least 70 of these were melted in 1914-1915. The exact figures will never be known (assuming some uncovered or long-hidden records are not found). Current estimates of the population is 325 - 375, all with semi-lustrous (some where between matte and mint frost) surfaces.



    Type 2
    Rolled Edge No Motto with Periods

    1907 $10 Eagle Coin Type 2 Rolled Edge Obverse 1907 $10 Eagle Coin Type 2, Rolled Edge - Reverse

    The exact mintage of the "rolled edge" Eagle is unknown, it has been estimated from 20,000 to 34,100. However, most were melted at the mint, and an estimated population of 50 coins is believed to have survived

    After testing, it was found that these Indian Head coins (Wire Rim - Mintage 500) would not stack, a problem for commerce, and the modified rounded rim (Rolled Rim - Mintage 42) would still not stack satisfactorily.



    Since the wire rims would not stack well, it was left to Charles Barber to make additional changes (he had changed the raised rim to the rounded rim) so that the coin could be produced efficiently and in large enough quantities for commerce. Barber's artistic efforts were criticized, but the technical changes were successful in terms of coin production.

    Type 3
    Rounded Edge No Motto w/o Periods

    1907 Gold Eagle Coin Type 3, No Motto - Obverse 1907 Gold Eagle Coin Type 3, No Motto - Reverse


    That phrase IN GOD WE TRUST appeared on the previous Liberty Head eagles, and was in fact mandated by the Act of March 3, 1865, but it was left off by Saint-Gaudens. Some say that the omission was approved by Teddy Roosevelt, who apparently believed that placing religious references on circulating coinage was blasphemy: the same coin that appeared in this week's offering plate may be used to gamble with next week. Congress disagreed with Roosevelt, encouraged by strong public opinion, the motto was added to reverse later in 1908.

    Type 4
    Rounded Edge With Motto w/o Periods

    1908 Gold Eagle Coin Type 4, With Motto - Obverse 1908 Gold Eagle Coin Type 4, With Motto - Reverse
    Mint MarkMintDate of Operation
    NonePhiladelphia, PA1793-present
    S San Francisco, CA1854-1955; 1968-present
    DDenver, CO1906-present

    a (2K)
    ©
    b (2K)