This Sunday, bidding closes on GreatCollections for a great part of American numismatic history: the Wire Edge 1907 Indian Head Eagle $10 gold coin, graded MS63 by PCGS. This coin is part of the famous Soaring Eagle Collection of U.S. coins and describes an important gem for collectors.
The Importance of the Wire Edge 1907 No Motto With Periods Indian Head Eagle
This coin is more than only a beautiful example of the Wire Edge version; it is also a No Motto, With Periods type. This makes it a historically important type in the Augustus Saint-Gaudens-designed series, a coinage series celebrated for its artistry and value in U.S. history.
When President Theodore “Teddy” Roosevelt approached the celebrated Beaux-Arts sculptor Augustus Saint-Gaudens to redesign American coinage, his goal was to elevate the beauty and artistry of U.S. coins. Roosevelt, deeply interested in classical art and symbolism, initially insisted that the motto “In God We Trust” should not appear on coins unless legally mandated. He felt it was inappropriate to place the phrase on currency, a stance he viewed as potentially blasphemous.
The first coins issued under this redesign omitted the motto, but the decision stirred public debate. The backlash was significant, and in response, Congress passed legislation requiring the motto to appear on U.S. coinage. As a result, the motto was added to the Indian Head Eagle design midway through 1908. This makes the earlier No Motto versions like this 1907 coin especially significant to collectors and historians.
What Does “With Periods” Mean?
The term “With Periods” refers to the dots or periods featured on the reverse design of this coin. These small but distinctive details are placed at the beginning and end of each inscription on the reverse, adding a unique feature to this variety.
Wire Edge vs. Rolled Edge
Another defining feature of this coin is its Wire Edge, also known as the Wire Rim or Knife Rim. The Wire Edge is a grown, sharp rim along the edge of the coin. By difference, Rolled Edge Eagles have a smoother edge without the sharp description seen on the Wire Edge version.
The Wire Edge type has fascinated numismatists for years. While some accept these coins were planned as pattern or Proof strikes, represented for evaluation rather than circulation, most specialists decide they were regular-issue coins. According to the Red Book (a leading coin reference), they were produced for circulation but in extremely limited amounts.
Rarity and Survival Rate
The 1907 Wire Edge Indian Head Eagle is extremely rare. Only 542 coins were produced originally from a single die pair. Even more extremely, around 70 coins were reportedly melted down seven or eight years later, further diminishing the number available. Today, it is estimated that 325 to 375 coins still exist, with many staying examples showing lustrous surfaces and a frozen matte finish.
The coin must remain in pristine condition and hold its value. Any cleaning or impairment significantly diminishes its desirability among collectors.
Current Auction Highlights
As of this publication, the highest auction for this Wire Edge 1907 Indian Head Eagle is an amazing $26,000, with seven offers already established. The coin’s rarity, historical value, and aesthetic looks make it a demanded piece in numismatic circles. Collectors are drawn to the coin for its association with Saint-Gaudens’ artistry and its role in the development of U.S. coinage.
GreatCollections presents an archive of over 600,000 certified coins for collectors interested in exploring more treasures, and reminders sold through its auctions. To delve more in-depth into this extensive collection, see the GreatCollections Auction Archives and find the charming history behind every coin.
This 1907 Indian Head Eagle is not just a piece of gold; it’s a tangible link to a pivotal moment in U.S. numismatic history. Whether you’re a seasoned collector or a history enthusiast, this coin describes a unique opportunity to hold a piece of the past.