Lot 3983
1926 $10 Indian. PCGS graded MS-64. Nice golden colors. A few light marks on the cheek. Outstanding bright color beams across radiant surfaces on this later issue Indian ten. Production ceased after 1920. There was a large issue (heavily melted) in 1926 and again in 1932, with a smaller amount (now very rare) in 1933.
Some comparisons of everyday prices back when this gold coin was current may be enlightening: at Hotel La Salle in 1925-6, "Chicago's Finest Hotel," a single room ranged from $2.50 to $7.00 per night. Breakfast at the hotel was 50c to 70c; lunch, 85c; dinner, $1.25, and Sunday dinner, $1.50. A hand-tailored, silk-lined tuxedo was $35. Toy electric train sets began at $5.75. A new gas range was $27.35. Smoked beef tongue was 29c a pound; flour $1.25 for a 24-1/2 pound bag; apples 49c for a box of a dozen. The fare to Bermuda from New York and back by ship was $70 (or seven of these $10 gold pieces). This price included the berth and meals. A new Hudson car cost $1,250 or a little more than 60 ounces of gold, which equates in today's mini-dollar of $580+ gold to a whole lot more. In fact, multiply all of the above figures by 20 to 25 times to factor in the price rise of the last 80 years and you get a feel for the actual buying power of gold money like this 1926 $10 Indian (PCGS # 8882) .
Estimated Value $1,800 - 2,000.
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| Realized $2,875 |
