1912-S $10 Indian Head Eagle NGC MS64 (CAC)

Here is a stunning example of an issue that typically leaves much to be desired. Indian head gold specialists should study this offering carefully, for 1912-S eagles are rarely this spectacular. The green CAC sticker attests to it superior quality for its grade. NGC has graded 40 as MS64 with 15 finer. There are 26 of this issue in CAC MS64 with just 4 finer. CAC gives this issue a price of $13,200.00 in MS64.

Gold specialist David Akers writes, “The 1912-S is a very difficult issue to obtain in high grade and, for the 1912-S, ‘high grade’ starts at MS-63. When one factors overall appearance and ‘eye appeal’ into the rarity equation, the 1912-S emerges as one of the absolute rarest issues of the series since ‘high grade and attractive’ and ‘1912-S eagle’ are almost mutually exclusive terms .… A mini-hoard of this issue (fewer than a dozen pieces?) was discovered a few years ago but all of them were in the MS-60 to 63 range with soft strikes and dull luster.”

The Second San Francisco Mint, nicknamed the ‘Granite Lady,’ where this rare piece was struck in 1912. Photo: Wikimedia Commons.