||1850 Baldwin $10 'Restrike' MS64 NGC. White Metal, Gilt, K-1g, R.6. Although these coins are traditionally classified as restrikes, the dies differ from those of the original 1850 Baldwin design in several particulars. The small letter s at the end of the word DOLLARs is located much higher on this "restrike" than the corresponding letter on the original coin. The horse is not as finely rendered, with less detail apparent in the mane and a wider tail that is split at the end, instead of pointed. On the reverse, the lowest arrow points to S on the "restrike", while it points to C on the original. Other differences exist, as well. Writing in 1912, Edgar Adams believed these dies were engraved by Albert Kuner and used to strike trial pieces in various metals. He does note, however, "There have been restrikes, and it is said two impressions were taken in gold; the obverse die was also used to strike souvenir spoons before the great San Francisco fire." Donald Kagin lists restrikes in gold, silver, copper, brass, bronze, lead, white metal, and a uniface obverse on composite metal on page 367 of Private Gold Coins and Patterns of the United States. A number of pieces have been gilded and the dies are known in several different states: early, with perfect dies; middle, with a cud forming on the reverse at 4 o'clock; and late, with another cud at 5 o'clock on the reverse. Modern researchers believe these coins were struck from copy dies in the period between 1906-1910, possibly by Stephen Nagy, because of the popularity of the distinctive "Horseman" design. While the coins were undoubtedly struck in this time frame, Adams may be correct in thinking the dies were prepared much earlier, possibly by Albert Kuner, who engraved the dies for the original Baldwin issue. All "restrikes" show extensive die rust on both sides. The present coin is an attractive Choice example, with well-detailed design elements and light greenish-gold surfaces that are free of mentionable distractions. This piece is from an early state of the dies, with no cuds on the reverse. Like all gilt coins, this piece exhibits slightly flat mattelike luster. As on all examples seen, extensive evidence of die rust shows on both sides. Most definitely an interesting and attractive coin for the advanced Territorial gold collector. Census: 1 in 64, 0 finer (8/14). Ex: Eric P. Newman Numismatic Education Society.
Realized $8225.00. Description courtesy of Heritage Auctions.