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Lot
1767

1907 $20 High Relief, Flat Rim MS65 PCGS....

2008 March Phoenix, AZ (ANA) Signature Auction #1102

 
Sold for: $69,000.00 (includes BP )
Bid Source: Internet bidder
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Auction Ended On: Mar 7, 2008
Item Activity: 10 Internet/mail/phone bidders
2,360 page views
Description:
Rarely Seen MS65 MCMVII Flat Rim High Relief
1907 $20 High Relief, Flat Rim MS65 PCGS. An extraordinary coin whose fame and remarkable beauty precedes it, the 1907 High Relief double eagle is one of the most coveted 20th century gold issues. Previously a part of the Phillip Morse Collection, this carefully preserved example is free of individually bothersome abrasions. The captivating surfaces show the usual minute, swirling die polish lines in the fields. The yellow-gold color with a slight overlay of reddish patina is also characteristic. Close examination reveals a trace of a localized wire rim at the right side of the obverse, this being characteristic of the newly modified design. The Wire Rim, so desired by many collectors today, was actually considered a defect by Mint personnel. As related in Roger Burdette's Renaissance of American Coinage, 1905-1908, the wire rim became an important issue for Superintendent John Landis when he received a letter on December 6 from Director Frank Leach stating:

"I was exceedingly humiliated today to have the Secretary of the Treasury call attention to the excessive burr, or fin, on one of the new double eagles now being distributed.
"I was also surprised to find so many of these defective coins in a bag as I saw in the Treasurer's office here.
"I gave explicit orders when in Philadelphia that such coins should not be delivered, and directed the man who seemed to have the coins in charge to see that the same should all be gone over and the bad ones laid aside."

Quite a strong reaction, and one that seems radical to today's numismatists as such coins are highly prized and considered a collectible striking variant. Nevertheless, the "defective coins" were largely remedied toward the end of the production run of High Reliefs, and today the Flat Rim is several times scarcer than its Wire Rim counterpart.
The only noticeable break in the silky-smooth texture of the surfaces is a short horizontal contact mark across the first and second rays on the reverse. In Gem (and finer) conditions, we have seen surprisingly few Flat Rim High Reliefs over the years.
From The Ultra Collection.(Registry values: N7079) (#9136)

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The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers

The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins. Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1169, Lot 5367 Sunday, April 22, 2012 65 PCGS $43,125.00
Auction 1166, Lot 5094 Sunday, January 8, 2012 65 PCGS $43,125.00
Auction 1162, Lot 4775 Sunday, December 11, 2011 65 NGC $38,812.50
Auction 1156, Lot 5158 Sunday, June 5, 2011 65 NGC $51,750.00
Auction 1114, Lot 2074 Sunday, August 3, 2008 65 NGC $45,000.01
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Thursday, August 18, 2011 65 PCGS $54,625.00
Unconfirmed Tuesday, June 14, 2011 65 NGC $48,875.00
Unconfirmed Sunday, May 29, 2011 65 PCGS $47,150.00
Unconfirmed Tuesday, November 2, 2010 65 PCGS $63,250.00
Unconfirmed Monday, May 31, 2010 65 NGC $42,550.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
64 $46,500 --- --- --- --- $35,500 $38,000
65 $60,000 --- --- --- --- $59,500 $66,000
66 $100,000 --- --- --- --- $92,500 $110,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 0 Augustus Saint-Gaudens
NGC 65 81 79 512 -
CAC 65 17 13 89 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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