May 11, 2012

$10 proof gold Indian Head will be displayed

Indian gold coin

A $10 gold piece insured for $3 million and perhaps once belonging to President Theodore Roosevelt will be displayed May 31-June 2 at the Long Beach Coin, Stamp and Collectibles Expo.

The coin is a proof 1907 Indian Head $10 with a rolled edge.

“There are only about 50 known rolled edge 1907 eagles, and this is one of only two known with satin proof surfaces and graded NGC Satin Proof-67. It will be exhibited by Monaco Rare Coins of Newport Beach, Calif.,” said Ronald J. Gillio, the Expo’s general chairman.

“This important and monumental rarity was not discovered to be a proof finish until several years ago. It was previously misattributed as Mint State,” said Adam Crum, vice president of Monaco Rare Coins.

“Some researchers believe this coin may have been owned by President Theodore Roosevelt, who asked acclaimed sculptor Augustus Saint-Gaudens to design the eagle and double eagle coins that were introduced in 1907. One prominent numismatist told me, ‘After all the research we did, your coin has to be Teddy’s.’ Obviously, more research is required,” Crum said.Read More.