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The Certified US Gold $10 Indian 1932 MS64 PCGS is an exceptional example of one of America’s most iconic and beautifully designed gold coins. The $10 Indian Gold Eagle was first introduced in 1907 as part of President Theodore Roosevelt’s ambitious effort to revitalize U.S. coinage with more artistic and classical designs. The 1932 issue represents one of the final years of the series, as gold coin production was halted in 1933 due to President Franklin D. Roosevelt’s Executive Order 6102, which led to the recall and melting of much of the nation’s gold coinage. As a result, surviving high-grade specimens like this MS64 example are highly sought after by collectors and investors.
The $10 Indian Gold Eagle was designed by the renowned sculptor Augustus Saint-Gaudens, who also created the $20 Gold Double Eagle, widely regarded as one of the most beautiful coins ever produced. Saint-Gaudens' work on the $10 Indian was a significant departure from previous designs, bringing a neoclassical artistic approach to American coinage. The introduction of this design marked a new era in U.S. numismatics, replacing the Liberty Head $10 Gold Eagle that had been in circulation since 1838. The innovative and bold design elements of the $10 Indian made it one of the most visually striking coins in American history.
The obverse of the 1932 $10 Indian Gold Eagle features a left-facing portrait of Lady Liberty wearing a feathered Native American war bonnet. This unique depiction of Liberty, rather than a literal representation of a Native American, was intended to honor the indigenous peoples of America while maintaining the classical influence that Saint-Gaudens favored. The word "LIBERTY" is inscribed along the top edge of the coin, with thirteen six-pointed stars arranged in an arc above Liberty’s head, symbolizing the original thirteen colonies. The date "1932" is prominently displayed at the bottom, completing the composition with a bold and balanced aesthetic.
The reverse of the coin showcases a majestic American bald eagle standing on a bundle of arrows with an olive branch intertwined, symbolizing both military readiness and a commitment to peace. The inscriptions "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" are displayed above the eagle, reinforcing the coin’s national identity. Below the eagle, the denomination "TEN DOLLARS" is clearly marked. Additionally, the phrase "IN GOD WE TRUST" appears to the left of the eagle, a feature that was controversially omitted from the initial 1907 strikes but was added in 1908 due to public demand. The reverse design is a masterful balance of power and grace, embodying the ideals of the United States.
The 1932 $10 Indian Gold Eagle was struck at the Philadelphia Mint, as no branch mints produced this denomination that year. The Philadelphia Mint was the primary facility responsible for many of the nation’s most significant coinage issues, and by the 1930s, it had perfected the techniques necessary to produce high-quality gold coins. Unlike some earlier issues in the series, which saw lower-quality strikes or excessive bag marks, the 1932 issue was generally well-struck and well-preserved due to its lower circulation.
The mintage of the 1932 $10 Indian Gold Eagle was 4,463,000 coins, making it one of the highest-minted issues in the series. However, despite this high mintage, the survival rate of uncirculated examples is relatively low due to the mass melting of gold coins following the Gold Confiscation Act of 1933. Many of the 1932 coins were either melted down or held in bank vaults, never reaching widespread circulation. As a result, while the 1932 issue is more readily available than some earlier dates, high-grade examples such as this MS64-certified coin remain highly desirable.
The Certified 1932 $10 Indian Gold Eagle MS64 PCGS represents an exceptional Mint State example of this historic coin. PCGS (Professional Coin Grading Service) has graded this specimen as MS64, meaning it exhibits strong original luster, a sharp strike, and minimal imperfections. While MS64 coins may show some minor contact marks or abrasions from handling and storage, they remain in outstanding condition with excellent eye appeal. This level of preservation makes the coin highly attractive to both collectors and investors.
The obverse of an MS64 specimen should retain a strong strike, with clear and well-defined details in Liberty’s facial features, headdress, and the stars above her head. While minor abrasions or small marks may be present in the open fields, they should not detract significantly from the overall appearance. The fields should maintain their original mint luster, giving the coin a radiant and appealing look. The date "1932" should be bold and fully legible, with no signs of wear or weakening in the numerals.
The reverse of an MS64 specimen should feature a well-struck eagle, with clearly visible feathers and a sharp definition in the legs, arrows, and olive branch. The inscriptions, including "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "IN GOD WE TRUST," should be crisp and fully legible. The denomination "TEN DOLLARS" should also remain clear and bold. The coin’s surface should exhibit minimal marks, with any present being small and unobtrusive. The overall luster should be strong, enhancing the visual appeal of the coin.
One of the defining characteristics of an MS64 specimen is its combination of preservation and affordability. While MS65 or MS66 examples are rarer and command higher premiums, an MS64 coin still offers exceptional quality while remaining accessible to a broader range of collectors. The strong luster and sharp strike found on most MS64 examples make them highly desirable, as they provide the beauty and historical significance of the series without the exorbitant cost of higher-grade examples.
The Certified 1932 $10 Indian Gold Eagle MS64 PCGS holds significant numismatic and historical importance. As one of the last gold coins struck before the cessation of gold coinage in 1933, it represents the end of an era in American monetary history. The recall and melting of gold coins during the Great Depression make surviving examples even more valuable, as they serve as tangible artifacts of a bygone financial system. Collectors and investors alike appreciate the 1932 $10 Indian Gold Eagle for its historical relevance, artistic beauty, and intrinsic gold value.
For collectors seeking a Certified 1932 $10 Indian Gold Eagle MS64 PCGS, reputable numismatic dealers, online auctions, and specialized coin retailers provide the best opportunities for acquisition. Given the coin’s historical significance and high demand, ensuring proper authentication through PCGS certification is essential. Collectors should look for specimens with strong eye appeal, minimal distracting marks, and vibrant original luster, as these factors enhance the coin’s desirability and long-term investment potential.
The Certified US Gold $10 Indian 1932 MS64 PCGS remains one of the most sought-after gold coins in American numismatics. With its exquisite design, rich historical background, and excellent state of preservation, this coin stands as a testament to the artistic and economic legacy of early 20th-century U.S. coinage. Whether admired for its beauty, its historical significance, or its investment potential, the 1932 $10 Indian Gold Eagle continues to captivate collectors and investors worldwide.