A rare $10 gold coin designed by Augustus Saint-Gaudens at Teddy Roosevelt’s insistence fetches $1.1 Million at auction:
It was the top lot in the auction house’s “” sale on April 5. For a relatively short period, between September 1995 and August 2003, the Zitos collected prolifically, purchasing some of the most sought-after specimens ever produced by the Unites States Mint. Paul died in 2005, and Rosalie in 2011, and their family has held on to their 92-coin collection ever since. Overall, the auction raked in $4.3 million.
Augustus Saint-Gaudens, 1907 Indian Eagle coin, Wire Rim . This is the artist’s original design, which was too high-relief and therefore could not be stacked. It sold for $840,000 at Stack’s Bowers Galleries. Photo courtesy of Stack’s Bowers Galleries, Costa Mesa, California. Due to a misunderstanding, however, Barber’s Rounded Rim version was mistakenly put into production instead of Saint-Gaudens’s finalized design. When the error was realized, the 31,500 or so coins already minted were melted down.
“As for the high-relief coins, have several hundred struck and allow the collectors of the country to obtain specimens,” the president wrote in a letter to the mint. “They should be preserved as the work of a great American artist.”
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