Coin Specifications

Category: Indian Head $2.50 (1908-1929)
Mint: Philadelphia
Mintage: 682
Catalog: KM-128
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 4.1800g
AGW: 0.1209oz
Melt Value: $148.37 (9/18/2014)
Diameter: 18mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1910 $2.5 PF obverse 1910 $2.5 PF reverse


  
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Description & Analysis

While Charles Barber may have been the source for the 1909 and 1910 matte proofs that are known today, there are other suspects as well. The widow of Augustus Saint-Gaudens, Augusta, could have been the recipient of experimental coins. Another possible source is Henry Hering, Saint-Gaudens' assistant, and representative of the sculptor's interests during his life and after his death in August 1907. It is also not out of the realm of possibilities that they could have come from Saint-Gaudens' son, Homer. However, it seems most likely to us that the person who had the greatest influence (aside from the president) with mint officials was William Woodin.

Woodin had varied interests and was well connected in government circles. He is primarily known as a pattern collector and co-author with Edgar Adams of United States Pattern, Trial and Experimental Pieces in 1913. Woodin also purchased two unique $50 gold patterns of 1877 from the mysterious collection of William Idler for a reported $10,000. These pieces had allegedly been melted years before. He transferred these two patterns to the Mint Collection in exchange for several crates of duplicate patterns from the mint. In later years, after he wrote a musical composition entitled the 'Franklin D. Roosevelt March,' he was appointed Secretary of the Treasury and served a brief but memorable term. He was Secretary during the bank holiday when Roosevelt closed the banks and ended production of gold coins for circulation. (Much of the preceding information on Woodin was taken from Pete Smith's indispensable American Numismatic Biographies).

Even if William Woodin was not the source for the matte proof gold pieces from 1910, he certainly was influential in their striking. In a letter from Woodin to Assistant Treasury Secretary A. Piatt Andrew dated August 25, 1910, Woodin wrote:

'I certainly understand your position in regard to proof coin matters, but it seems to me that the difference between the dull proofs and the proofs that are now issued is so great and so obviously in favor of the dull proof coins, that I should think the Mint Dept. would be justified in making them, as certainly the most artistic results are desired for coins of this class that go into the hands of collectors.'

The Garrett-Guth Encyclopedia of U.S. Gold Coins states that the 1910 matte proof quarter eagle 'is part of the unique 1910 matte Proof gold set. The set was discovered by the author, Jeff Garrett, several years ago at a North Carolina convention.'

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 8/13/2013

Click on a price to see historical prices, comparison charts and trends.

1910 $2.5 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 3800 4250 5800 11500 18500 32750 43900 60000 78500 - -
$ - - - - - 4100 4650 6700 12400 20000 35300 47500 67500 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 97
Low Grade: 62
Average Grade: 65
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/2/1997 NGC PF 66   Heritage Auctions 1997 Phoenix Bullet Sale #171, 171/Lot# 586 $13,200.00
9/10/2006 NGC PF 65   Goldberg September 10-13, 2006 Pre-Long Beach Coin and Currency Auction, 37/Lot# 1841 $25,875.00
4/27/2011 NGC PF 66   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(3), 1154/Lot# 5347 $40,250.00
9/23/2013 NGC PF 67   Bonhams Coins and Medals, 20992/Lot# 1005 $87,750.00
9/25/2013 NGC PF 66   Heritage Auctions 2013 September 25 - 29 US Coins Signature Auction - Long Beach Session(6), 1189/Lot# 6737 $32,900.00
8/6/2014 NGC PF 66   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 13191 $47,000.00


NGC Registry

NGC Registry Score 1910 $2.5 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base111111111460194124792770294133864037501556846240707786351111314016
1111111487162021202576282730893603436352385869651975969461120800
000000148716202120257628273089360343635238586965197596946100
0000001973178022992673288432373820468954616054679881151028700
1910 $2.5 PF Matte
 PrAgGVGFVF4045505355586061626364656667686970
Base333333331381184323622643280732383868481754666007682083383883169111
33333334621535201624552697295034484184503356466278732618502489240
0000003462153520162455269729503448418450335646627873261850200
0000003921168921892549275230943658450052495826654978322866600
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