The Indian Head $10 Eagle was minted from 1907
to 1933. Production after 1916 was very irregular, as the only
years with output were 1920, 1926, 1930, 1932, and 1933.
The mintage of the 1930-S Indian Head Eagle was a mere 96,000 pieces.
No researcher has been able to ascertain why the San Francisco Mint
turned out any $10 gold eagles at all that year, since there was
absolutely no demand for them from the public.
Of that 96,000 mintage, most of them were never
released and eventually
perished in the gold meltdown ordered by the Franklin Roosevelt
administration during the 1930’s. Most melted gold of that era ended up
at the national bullion reserve at Fort Knox, Kentucky.
Consequently, only a tiny number of 1930-S gold $10 coins exist today.
Coin experts estimate their number at no more than 150 examples. The
1930-S rates as one of the rarest 20th century coins and as a track
record of price increases to substantiate this claim (see chart below).
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