Jeff Garrett:Although the mintage of the 1912–S Ten Dollar approaches that of the Philadelphia issue, it is much rarer in all grades. Most examples seen are very softly struck, especially on the high points of the eagle’s wing. The date is difficult to obtain in all levels of Mint State. Most of those found in Mint State are at the lower grade range and Gem examples are very rare. The Smithsonian collection contains four examples with the finest grading Extremely Fine. This is explained by the fact that the Smithsonian collection was formed decades ago before small groups of Mint State coins were discovered in European banks.