$10 Gold Indian Eagle - NGC MS62
The $10 Gold Indian Eagle - NGC MS62 is a gold coin. The listed metal amount is 0.4837 oz. The stated certification is NGC MS62.
History and background
The ten dollar Indian Head eagle was created by Augustus Saint-Gaudens and introduced in 1907. Although it shares the Indian Head trade name with Pratt’s smaller gold coins, it is a different design by a different artist. It belongs to the United States’ classic circulating gold period and should not be confused with the modern American Gold Eagle program introduced in 1986.
Design and product identity
The obverse presents an allegorical Liberty wearing a Native American headdress, while the reverse uses a standing eagle. Its sculptural treatment differs from the recessed designs of the quarter and half eagles. Date and motto varieties can create further distinctions within the series. The ten dollar denomination is a historic monetary identity, not a statement that the coin contains ten grams or a full troy ounce of gold.
Product specifications
- Metal: Gold
- Product format: Coins
- Listed metal amount: 0.4837 oz
- Fineness or alloy: .900 fine gold
- Mint or maker attribution: United States Mint
- Grading service: NGC
- Listed grade: MS62
- SKU: GIND10N62
Understanding the metal content
Precious metal ounce weights use the troy system. One troy ounce equals 31.1034768 grams, while a kilogram equals one thousand grams. Fineness states the proportion of precious metal in an alloy; fine metal weight states the amount of that metal. An alloyed coin’s gross weight includes its other metals as well. These measurements explain why a denomination, a package weight and a stated fine metal amount should not be treated as the same specification.
Certification and the stated grade
NGC stands for Numismatic Guaranty Company. The service authenticates and grades submitted coins rather than manufacturing the original issue. This offering is identified as MS62. The numeric assessment concerns condition, not gold or silver purity. A certification number identifies a grading record, while the issue date identifies the coin. The holder label can also carry designations that are separate from both the coin’s denomination and its metal content. MS means Mint State and belongs to the uncirculated range of the traditional grading scale. An uncirculated coin can still have production or handling marks, so the number supplies a more specific assessment than the word uncirculated alone.
Preserving the product
Preserving the surface and the original identifying information helps retain the product’s physical history. Handle an unencapsulated collectible by its edges where appropriate and avoid polishing or abrasive cleaning. Keep a certified holder or stated assay package intact when retaining its identification matters. A brighter surface created by cleaning is not the same thing as a higher original condition grade.
Material, design and numismatic identity
A product’s history is carried by several different kinds of information. The issuing or manufacturing name explains its origin, the design identifies its subject, the metal specification describes its material and the condition language describes its preservation. A date can connect the piece with a particular program or historical period without proving that it is rare. These features remain meaningful together even when two offerings contain similar amounts of precious metal. Keeping them distinct provides a more accurate description of the actual object.
Historical and technical references: U.S. Mint background, NGC grading reference.
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Understanding Product Pricing
Understanding Product Pricing
Our prices include the product premium and the approximately 4% payment processing fee charged by our payment providers. We accept all major credit cards, debit cards, and PayPal, and the price you see is the price you pay with no hidden checkout fees.
Shipping & Return
Shipping & Return
Please call our office within 3 days from the delivery date if you would like to return your order. Please note that you may be liable for a market-loss fee.
What is a market loss fee?
What is a market loss fee?
Due to the nature of this industry, pricing can change every second for precious metals. For this reason, we (along with all major dealers) fully hedge our inventory. This process locks in our margin at the time that we purchase the inventory, so that we do not have spot-market risk. When your order is confirmed with us (not when you pay), we “buy back” our hedge on those items, thus making the metal completely susceptible to changes in its market value. If you decide you would like to cancel your order, return your order, etc and there is a decrease in spot value of your material, you are responsible for paying us that difference in price. We often get asked if the spot market goes up, do we pay you? Although we understand where it would seem as if that should be the case, that is not how hedging works. We do not make extra profit if the spot market goes up as the cost to “buy back” the hedge on your metal also increases. Our margin is our margin, regardless of the spot market. In the event that the spot market goes up, we just break even on the product due to this rise in cost. So, no we do not pay you if the market goes up.
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