I continue to be amazed with the stories some coins garner. Last week, I received a note announcing that one of the only two known 1907 rolled edge Indian Head $10 Eagle Proof gold coins will be exhibited at the up coming Long Beach Coin, Stamp & Collectibles Expo.
The coin is own by Monaco Rare Coins of Newport Beach, California and has been graded by Numismatic Guarantee Corporation as Satin PR67.
“This important and monumental rarity was not discovered to be a proof finish until several years ago. It was previously misattributed as mint state. The coin now is insured for $3 million,” said Adam Crum, Vice President of Monaco Rare Coins.
According to Crum, there are some researchers who believe that this coins may have been owned by President Theodore Roosevelt. As part of Roosevelt’s “pet crime,” he worked with prominent sculptor Augustus Saint-Gaudens to redesign U.S. coinage. Prior to his death, Saint-Gaudens completed the design of the Indian Head $10 gold Eagle and the iconic $20 gold Double Eagle, both introduced in 1907.
“One prominent numismatist told me, ‘After all the research we did, your coin has to be Teddy’s,’” Crum said. “Obviously, more research is required, but that is what being a numismatist is all about, isn’t it? I look forward to more discovery.”
Even if the coin was not owned by Teddy Roosevelt it is still a great story!
If you are in the Long Beach area, the show runs Thursday and Friday, May 31 and June 1, from 10 a.m. to 7 p.m.., and Saturday, June 2, from 10 a.m. to 5 p.m. Drop by and see this historic coin!