1916S $10 Indian

numismantra

Does anybody think it would be worth the fee to submit this coin to PCGS?
What do you think it would grade?

GoldCoinLover

<< <i>Does anybody think it would be worth the fee to submit this coin to PCGS?
What do you think it would grade? >>



Is that coin raw? If it is, DEFINITELY submit it to a reputable grading service. Either PCGS, NGC, or ANACS if you want cheaper and decent service. The $5 and $10 indian gold coins are heavily counterfeited. In fact, in many books I've read they say they've heard there are more counterfeit ones than real ones! So make sure if you DO buy them raw, buy them at a reptuable grading service. I bought mine in one of the biggest coin shops in las vegas, it was a $5 indian gold eagle, 1908, no mintmark, they graded it Au-55. I sent it off to ANACS, and to my surprise it came back a grade higher at AU-58. Please DO NOT buy these off eBay raw, or over the internet. It's too risky. You might want to send it to ANACS as it's much cheaper and I believe they're having a gold special, plus they just as good with PCGS and NGC with authenticy. These coins were so popular because of their unique incuse design (Instead of the details of the coin being raised they are actually recessed into the coin), like a backwards-relief coin. So they were heavily counterfeited.

Good luck, and becareful when buying these.


It's hard to tell on the grade. Would need a better picture. But I'm guessing AU-58 perhaps low UNC.

coynclecter

<< <i>there are more counterfeit ones than fake ones >>



Could someone help a country boy understand the difference?

GoldCoinLover

GoldCoinLover

<< <i>

<< <i>there are more counterfeit ones than fake ones >>



Could someone help a country boy understand the difference? >>




I fixed that, sorry. Look though the post again, notice the edit

SethChandler

AU58 to MS62.

Slab it.

Stuart

I agree with Seth.

darktone

XF- maybe was low grade AU before the cleaning. mike

mhammerman

Seems pretty banged up to have that much luster but it might have had a little bath. That was a big coin back in 1907-teens, $10 was a fair amount of money to have in your pocket. If a weeks wages back then was $5 then that would be 2-weeks wages so maybe today that would be like walking around with $800 in your pocket so it was a fair amount of money to just have in your pocket. But they seem to have been used a lot. The high grades are pricey, like start 64's and some 3's at $1500 for common dates and it's only $200 worth of melt so good ones are hard to find. There was a pretty good mintage on that issue, 184K which makes it like sort of in the middle in terms of the mintage of that 30 coin series (not including wire rims etc).

My first impression looking at that coin was that it is a 58, not a 53 or 55 because of the luster and not a 60 because of what looks like wear/use in the fields and indistinct hair lines above the ear but it is hard to see this one that well. On the reverse, if it was ms, the front feathers on the rear leg and the top of the head and the feathers at the top of the wing would have more detail and they seem to be a little worn so it is at best an au 58 and that is probably where I would start looking. But defining the split between 55 and 58 is kind of an eye appeal issue to me if all the technical things are pretty balanced. Maybe it's better, maybe not but without coin in hand, looks like a 58.

mhammerman

But...I should add that a 16S is a nice coin...and a hard one to put in your book...so a nice coin even at 58...good snag!

mhammerman

Ooops...the mintage was 138,500 sorry.

jom

The picture is far too blurry to see much but I can say the coin is AU at best. An MS grade would be VERY generous....although...I've seen it happen.

I think this was in a recent Ebay auction...stating it was "PCGS worthy" or some such....??? I seemed to remember the pictures and how poor they were...

jom