1912-S $10 Indian PCGS MS63+ CAC. This is an absolutely splendid specimen of this Very Scarce issue of the 1912 Sand Francisco ten. The original mintage of 300,000 coins appears to have been dispersed into the general public in it’s entirety, as nearly half of the PCGS certified population of 1,337 coins is graded XF45 through AU58. A quarter of that same population is made up of low-grade Mint State examples.
In MS63, PCGS shows a population of 82 coins with only 3 of those achieving the “plus” designation – the present example being one of them. CAC reports only 3 MS63 coins in their census report, and although they do not differentiate between and whole grade and a plus grade, we assume this is one of those three as well.
Few MS63+ coins have appeared at public auction since the plus designation was introduced. Only one CAC endorsed example appeared during that time, PCGS #20133663, and that occasion occurred at Heritage’s October 2011 Pittsburgh Signature Sale. That specimen brought $8,625.
By comparison, these two coins, the one here and #20133663, are quite similar. This coin has a couple of tiny ticks in the field before the Indian Princess and a nick at the marginal covert of the eagles wing on the reverse and a smaller one of the neck. The example sold in 2011 shows several light tics in the obverse fields and on the devices, and portions of broken luster in the fields on the reverse.
MS64 CAC examples will bring $12,000 to $14,000 on the market. This coin is as close to a 64 as you’ll ever see – and save $5K in the process!