The 1907 Indian Head Eagle, No Motto with Periods, holds a special place in American numismatics as the inaugural issue of Augustus Saint-Gaudens’ iconic $10 gold eagle design. This coin, with its unique historical context, artistic significance, and scarcity, is a favorite among collectors of U.S. gold coinage. As a transitional design, it features characteristics that were quickly modified, making it a fascinating piece for numismatists.
Historical Background
The Indian Head Eagle series was part of President Theodore Roosevelt’s initiative to revitalize American coinage, collaborating with renowned sculptor Augustus Saint-Gaudens. The goal was to elevate U.S. coin designs to the level of classical art. The $10 Indian Head Eagle, introduced in 1907, was one of the results of this collaboration.
The “No Motto with Periods” subtype was one of the earliest iterations of the Indian Head Eagle. Struck only in 1907, this version lacks the motto “IN GOD WE TRUST,” as Roosevelt believed it was inappropriate to include religious references on money. Additionally, this variety is characterized by the use of dots, or periods, separating the words “E PLURIBUS UNUM” on the reverse. The design was quickly adjusted later in 1907 to remove the periods, making this subtype a short-lived transitional issue.
Design and Specifications
The 1907 Indian Head Eagle, designed by Saint-Gaudens, is widely considered one of the most beautiful coins in American history.
- Obverse: The obverse depicts Liberty wearing a Native American war bonnet, symbolizing freedom and strength. The intricate detailing of the feathers and the word “LIBERTY” on the headband give the design a striking visual appeal. The date “1907” appears below the bust.
- Reverse: The reverse features a majestic bald eagle perched on a bundle of arrows and an olive branch, representing military preparedness and peace. The inscription “UNITED STATES OF AMERICA” arcs above the eagle, with “TEN DOLLARS” below. The words “E PLURIBUS UNUM” are displayed to the left, with periods separating the words, a unique feature of this subtype.
The coin is composed of 90% gold and 10% copper, with a weight of 16.718 grams and a diameter of 27 millimeters. It contains 0.4838 troy ounces of pure gold.
Rarity and Value
The 1907 Indian Head Eagle, No Motto with Periods, is a scarce and highly collectible coin due to its short production run. Approximately 42,000 coins were minted, making it a low-mintage issue compared to later coins in the series. Many of these coins saw circulation, and finding well-preserved examples today can be challenging.
In lower grades, such as Extremely Fine (EF), the coin is valued at $1,200 to $1,800. In higher grades, such as About Uncirculated (AU), it can command $2,500 to $3,500. Mint State examples (MS60 to MS63) typically range from $4,000 to $8,000, with premium examples graded MS65 or higher fetching $15,000 or more.
Collecting Tips
When collecting a 1907 Indian Head Eagle, No Motto with Periods, focus on authenticity and quality. Coins certified by professional grading services like PCGS or NGC are strongly recommended to avoid counterfeits. High-grade coins with strong details and minimal marks are especially desirable.
Pay close attention to the coin’s surfaces, as many early $10 Eagles exhibit weak strikes or wear from circulation. Original luster and eye appeal also contribute significantly to the coin’s value.
Conclusion
The 1907 Indian Head Eagle, No Motto with Periods, is a stunning artifact of American coinage history. Its transitional status, combined with Saint-Gaudens’ artistry, makes it an essential piece for collectors of U.S. gold coins. Whether you’re captivated by its artistic design or its rarity, this coin offers an unparalleled glimpse into the golden era of American numismatics.
FAQs
1. What is the significance of the “No Motto with Periods” on the 1907 Indian Head Eagle?
The “No Motto with Periods” version of the 1907 Indian Head Eagle lacks the motto “IN GOD WE TRUST,” and features periods separating “E PLURIBUS UNUM” on the reverse.
2. How much is a 1907 Indian Head Eagle, No Motto with Periods worth?
The value of the 1907 Indian Head Eagle, No Motto with Periods, depends on its condition. In lower grades, it typically ranges from $1,200 to $1,800. High-grade examples can command $15,000 or more.
3. How can I authenticate a 1907 Indian Head Eagle, No Motto with Periods?
To authenticate a 1907 Indian Head Eagle, No Motto with Periods, consider purchasing from reputable dealers or auction houses.