Estimated grade. Purchased by Louis Eliasberg when he acquired the John Clapp collection in 1942. Earlier from J.C. Mitchelson in 1908. Sold for $38,500 at the Bowers & Ruddy Oct '82 Eliasberg sale. Lot #843.
David Akers (1975/88): This issue is listed in Judd's pattern book (J-1775) but it is not truly a pattern in the sense that the 1907 Wire Edge is. The Rolled Edge was actually struck in rather large quantities for circulation but they were melted before ever being released to the public. The surviving examples are mostly high quality and were either saved as assay pieces or obtained directly from the Mint prior to the decision to melt the issue. The strike on the typical Rolled Edge is rather weak, particularly at Miss Liberty's ear and on the eagle's wing and trailing leg and claw. Lustre is almost always excellent, if not radiant, and the color is generally great, usually greenish gold, orange and rose. The fields always have numerous random die scratches throughout, and the surfaces are rather satiny but with plenty of mint frost as well.
This issue is unusual among Indian Head eagles in that it is more often seen in MS-63, MS-64 or MS-65 condition than in the lowest Mint State grades. Overall, probably 40 to 45 pieces exist and a small number of them are superb, in fact, close to perfection. The Wilkinson-Kruthoffer specimen was extraordinary and at least four or five others are also distinctly better than MS-65.
Kutasi Collection - Heritage 1/2007:3160, $402,500 - Madison Collection - Heritage 1/2008:3271, $460,000 - Bentley Shores Collection - Stack’s/Bowers 8/2013:4524, $470,000
Stack’s 1/2006:3221, $253,000 - Bentley Shores Collection - Stack’s/Bowers 8/2013:4525, $329,000