1916-S $10 Indian Head Eagle PCGS AU58

We at AUCM are delighted to offer a Great Gold Type Coin to the collecting public: a 1916-S $10 Indian head Eagle, graded PCGS AU58. This piece is an affordable option for the U.S. gold enthusiast, for there are a good amount of pieces in its assigned grade of AU58. Jeff Garrett writes of the 1916-S, "The date is usually found well struck with subdued luster." Also, the 1916-S is considered among the most common of the S-mint Indian head gold eagles.

The $10 Indian Head eagle was the first coin struck by the U.S. Mint employing the Janvier lathe, a new reducing machine that Saint-Gaudens recommended that would replicate the quality of numismatic art being produced in France at the time. Supported by President Theodore Roosevelt's deeply personal foray in U.S. coinage, in 1905 Saint-Gaudens was given the creative challenge of developing three new circulating coins. Among them was the $10 Eagle coin. Roosevelt was smitten with the artistic elements of the coin of ancient Greece. After returning to his studio in Cornish, NH, Saint-Gaudens set to work preparing sketches of the design of the new Eagle coin. The artist focused on crafting the image of a standing eagle, one of which found its way onto the 1905 presidential inaugural medal. An adaptation of that design became the reverse device of the $10 Indian head Eagle.  Saint-Gaudens took inspiration from the classical figure of Nike (Victory) when he drafted initial designs for a cent piece that was not developed further. This profile of Nike, bedecked with an olive wreath, became the obverse motif for this Eagle coin. Roosevelt saw Saint-Gaudens' design for the eagle, and was not happy with it. He made his feelings known--and offered an artistic suggestion--in a letter to him dated November 14, 1905. Wrote Roosevelt, "...is it possible to make a Liberty with that Indian feather head-dress? ... Would the feather headdress be any more out of keeping with the rest of Liberty than the canonical Phyrgian cap which is never worn by any free people in the world?"