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Gold Eagles

1887 $10 NGC MS62 CAC
Please call: 1-941-291-2156
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1887 $10
NGC MS62 CAC
Coin ID: RC3437082
Inquire Price: 3,050.00 - SOLD - 10/02/2013*
Free Shipping and Insurance for coins at $10K or above.

1887 Gold Eagle - 1887 $10 NGC MS62 CAC. This Mint State 1887 Eagle is tied for the third finest known at NGC and is the second finest known at CAC. Muted mint luster peaks out from protected areas of both sides of the coin. It is a mixture of light yellow gold and darker rose gold. The colors prove the coins originality. The strike is strong with full details on the centers of the stars, Libertys hair, the eagles neck, and the area to the lower left of the shield. The surfaces are clean for the grade with no notable abrasion marks or other distractions. The CAC sticker confirms the grade and indicates that the coin is a premium quality piece.

Designed by Christian Gobrecht, the Liberty Head eagle shows Liberty facing left in profile wearing a LIBERTY inscribed coronet with her hair tied in the back in beads. Two long curls hang down her neck, one in the back and the other on the side. She is surrounded with thirteen six-pointed stars. The date is below the truncation, which shows no drapery. The motif is taken from a Benjamin West painting of Venus. It was also used with modifications for the Large Cents of 1839. The reverse shows a heraldic eagle with outstretched wing looking to the left. On its chest is the Union shield. In its talons it holds the olive branch and arrows. The error in the previous issue, Scots eagle held the arrows and the olive branches in the wrong talons, is corrected. Except for being interrupted by the tips of the eagles wings UNITED STATES OF AMERICA surrounds the reverse, separated from the denomination TEN D. by dots. Dentils are near the edge on both sides of the coin, and the edge is reeded.

The Type 2 Liberty Head Eagle, Motto Added was created when the motto IN GOD WE TRUST was added to a banner designed by James B. Longacre above the eagle in 1866. The change was made in response to pressure organized by the Reverend M.R. Watkinson. The motto remained until 1907, when President Theodore Roosevelt told Augustus Saint-Gaudens to omit it on the newly designed eagle.

Gobrecht became the third Chief Engraver at the United States Mint. He was born in Hanover, Pennsylvania in 1785. His father was a German immigrant, and his mother traced her ancestry to the early settlers of Plymouth, Massachusetts. Gobrecht married Mary Hewes in 1818. One of his early positions was as an engraver of clocks in Baltimore. Later he went to Philadelphia where he became a banknote engraver. He invented a machine that allowed one to convert a three-dimensional medal into an illustration. In 1826 Gobrecht did his first work for the Mint as an assistant to William Kneass. After Kneass suffered a debilitating stroke, Gobrecht did all the die and pattern work for the Mint. He became Chief Engraver in 1840 and served until his death in 1844. He was famous for his Liberty Seated motif, which was used for all denominations of silver coinage including the half-dime, dime, quarter dollar, half dollar and silver dollar. He also designed the Liberty Head gold eagle, a motif that was also used on the half-cent, the cent, the gold quarter eagle, and the gold half eagle. 

In its population report, NGC shows only 3 1887 Eagles graded higher than the present piece. As of September 2013, CAC has confirmed only 1, the present piece, in MS62 condition with 1 finer. Only 2 percent of all 1887 Eagles graded by NGC and PCGS have been CAC stickered.


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