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Sale 36
Pre-Long Beach Coin and Currency Auction
| Lot |
Photo |
Description |
Realized |
Lot 3987 |
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1926 $10 Indian. PCGS graded MS-62 PQ. Nice mint color. Premium quality for the grade. A bright coin soaking up mint glow on gold surfaces with nothing to censor it from its refined grade. The shades of orange to peach colored toning add a nice touch as well (PCGS # 8882) .
Estimated Value $700 - 800.
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| Realized
$1,035 |
Lot 3988 |
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1930-S $10 Indian. PCGS graded MS-64. Popular key date. Lovely rich golden toning. 96,000 minted. Most melted. Pop 42; 22 finer. A crisply struck Eagle glowing with ember orange glow from the fields, the devices toned a slightly darker hue in places on the obverse. This lustrous MS64 is certainly among the highlights in the $10 Indian session. Most survivors display frosty mint bloom like this, bloom that swirls around both sides as it catches your eye. However, rich, deeply set gold color is another thing since a percentage of the issue was dipped by collectors when "dipping" and "brilliance" was king (1960s to early 1980s). There are a few of the usual trivial marks but no haziness or discoloration is evident as the surfaces rotate away from a light. We wholeheartedly recommend this scarce 1930-S gold Eagle to bidders!
Few collectors realize it but after the stock market crash and ensuing worldwide banking panic of 1929-35, the price of gold (in terms of paper money) began to rise as frightened depositors here and abroad withdrew their deposits from the banks in the form of gold coin or gold bars. Although America's gold "standard" held for a time at approximately $20.67 per ounce for the noble metal, once the banking panic made it across the Atlantic in 1933, the paper dollar began to sink in value along with the rest against gold. First to the high twenties, then to the low thirties before President Roosevelt, ever the meddler in things economic, began "pegging" the gold price at his weekly meetings with his economic adviser: $31, $32, $33. It all ended in January 1934, when he "set" the government buy price at $35 an ounce, a 59% devaluation of the paper dollar against gold (the limit set by a Congressional authorization passed at the time FDR took office). By then, however, these 1930-S and earlier gold coins were no longer circulated. They were now in the government's hands (PCGS # 8883) .
Estimated Value $37,000 - 40,000.
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| Realized
$46,000 |
Lot 3989 |
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1932 $10 Indian. NGC graded MS-64. The surfaces are sleek and glowing with a healthy show of warm gold color. There is no tarnish or copper spotting. What one sees usually on this mint's coinage is an unconvincing impression left by the recoil of the dies; greatly to our pleasure and the bidders' enjoyment, on the other hand, that is not the case here. This coin is sharp, very sharp, in fact. 1932 is the last of the affordable Indian $10 dates; the key 1933 is very expensive and usually not collected unless a lottery winner is in the family.
Estimated Value $2,300 - 2,400.
Frank McCarthy Collection.
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| Realized
$2,875 |
Lot 3990 |
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1932 $10 Indian. PCGS graded MS-64. Rich golden toning. A blazing deep orange specimen with intense cartwheel luster. Fully MS64 in every sense of the word. No example of the date has better eye-appeal than this. In order to understand the grade further, notice that it is struck with care only now and then found, when it comes to the usual softness at the centers, this piece, on the contrary, received a decent, almost blow by the dies (PCGS # 8884) .
Estimated Value $1,500 - 1,600.
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| Realized
$3,220 |
Lot 3991 |
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1932 $10 Indian. NGC graded MS-64. Mostly untoned. A small mark on the chin and a couple of even tinier marks near the eye as well as on the eagle's breast. Choice, frosty, uncleaned, and a handsome representative of this only easily affordable 1932 U.S. gold piece (the $20 is an expensive rarity).
Estimated Value $1,500 - 1,600.
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| Realized
$2,875 |
Lot 3992 |
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1932 $10 Indian. NGC graded MS-63. Both sides put on view the distinctive "look" for this 1932 P-mint delivery: smoothly frosted surfaces, rolling cartwheel effects, and nicely struck devices. There is nothing hesitant about this one. Only a few light bagmarks on the face seem to limit the grade to 63.
Estimated Value $950 - 1,000.
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| Realized
$1,955 |
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