$10 gold indian

[leprecoin]

hi, I wonder if any of you know why the San francisco mint are more expensive then Phili even those the mintage is similar or somtime way more (like the 1910s is 811,000 pieces and still priced higher then the rest)

thx for any data.

[jtryka]

For the most part it's because these coins were melted in mass after FDR ceased gold convertibility in 1933. In many cases, the Philadelphia coins were the most prevalent survivors I guess because there were more people of means in the east that could afford to put away a few gold coins (the executive order allowed people to keep up to $100 face in gold). This same thing happened with Saints, as the P-mints from the 1920s are much more common than the branch mint coins. As for the 10-S in particular, Akers in his 20th Century Gold book rates it R-6 (31-99 known) in Mint state, compared with the 1910 as R-4 (200-499 known) in mint state. Just remember, when dealing with 20th century gold, mintage figures are pretty close to irrelevant given the hoards of coins that are now in the form of 400 oz. gold bars.

[jom]

I also think many of Philly coins were shipped off to Eurpoe at some point. The only hoard I know of that isn't a Philly mint $10 is the 11-S. This coin is STILL today underrated (IMO) because this hoard seemingly brought the price down. This happened probably 20 years ago yet the depressed value of the 11-S (in some grades) continues to this day. Yet, I can't seem to find a decent example. The 10-S is FAR more "common" but probably goes for the same price...in certain grades.

 

jom