I can understand that. I looked at the top of the eagle's wing, and wondered if the mint frost was broken or if there was a rub. Then I looked at the Indian's cheek and decided that it might be envelope friction at the worst. As for the rest, there are some small marks here and there which account for my MS-64 grade. Here is a raw one that I grade AU. It's got some marks on the cheek which is not the greatest spot to have them, but it's got a lot luster too.
Thank you all for the guesses and comments. I picked this up at a regional show recently. I went with the intent to find a $10 Indian if possible, raw or certified but all the examples I viewed (about 30) didn’t have the character I was looking for or were covered in distracting marks. I expanded my search to all gold US type and after scouring the floor, this one came home with me along with some raw pickups for my 7070 “2.0” project. This does seem to be an unusually tricky series to grade but even as a non-expert, this one stood up to all the 64 $2.50s I saw; and I viewed lots of them. In terms of the assigned grade, I first noticed the eagle’s wing on the reverse which looks a lot like rub at a glance. I tilted the coin and all the feathers in that area are still defined. My guess was that area was up against whatever material toned the rest of the coin as the silvery-purple color is the same. Here is a closeup of the tilt so you all can see what I am seeing: PCGS called it MS62 thirty years ago (good catch @dwhiz) :
Hi @CircCam. Since you are looking for $10 Indians, here are the pieces I have. This is under graded in an MS-62 holder. I bought this when I was dealer, kept it and never went for the up grade. This the "No Motto" type which is earlier than you probably want. This one is a PCGS MS-64, CAC. This one was not cheap. This 1908 Motto piece is an NGC MS-66. I bought this when I had "registry fever" years ago. Once more, not cheap. This looks more impressive in person. My photos tend to exaggerate every mark. I bought this raw many years ago (the mid 1970s) at a Hacketstown, New Jersey coin show. This is graded MS-63. And here is a 1932. This is the most common date in the series. I like these because it's the only U.S. gold coin dated in 1930s that is affordable. You have to watch out for these because many of them are over graded in my opinion. They were met to sell to mostly non collector "investors." This is graded MS-63. This might give you some idea of what is out there.
The called the OP coin MS-62. Two comments, first, it's a green label PCGS coin, which can be conservatively graded. Second, they may not have liked the color back then. To be honest, it's not my cup of tea either, but I am not a "toning freak."
Wow, thanks for sharing. These are incredible examples. Good to know on the 1932s, I suspect that will be the date I end up acquiring… given the populations they still don’t seem overly affordable these days, but it’s a very beautiful design and I can see why.
Should have known they would srop the grading for a heavily toned example, either way the coin should have a premium for the heavy copper skin.
The $10 Indian is one of the best designs struck by the US Mint. Here is mine which IMHO is undegraded and CAC put on the wrong sticker on it. But what do I know I'm just a collector.
Umm.... Thanks ?? Is that from the Maine Collection series by any chance. Oh, Shouldn't it say "Brake for squirrels too".
Thanks John! I'm just learning about the whole sticker thing. I found this online and thought that it was quite amusing.
This thread is informative if not kind of cute. I really like seeing the $10 Indian coin. I could afford a nice one, but I just bought the 2023 Gold Buffalo from the Mint. I probably could have bought 2 of the $10 Indian coins with what I dropped on the Buffalo coin. My last Buffalo coin was a 2016. I dropped $1,690 on it in 2016. If you look at the Mints list of coins, you can look up the buffalo coin to find out how much I threw at it. The Mint has really dropped the quality of the packaging of their coins now. The 2016 was in a decorative package that looked like leather. Almost all of the packaging looks cheap now. Anyway, thanks for the gander at your Indian Gold coin.