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Lot
3093

1907 $20 High Relief, Wire Rim PR66 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
Sold for: $74,750.00 (includes BP )
Bid Source: HA.com/Live
Auction Ended On: Feb 6, 2009
Item Activity: 8 Internet/mail/phone bidders
5,290 page views

Description:

1907 High Relief, Wire Rim Twenty, PR66

1907 $20 High Relief, Wire Rim PR66 NGC. Produced to the extent of 12,367 coins, the MCMVII High Relief issue was minted in both a Mint State format that required "three to five blows" from the Mint's presses--and the controversial proof format that NGC recognizes and PCGS does not.
Dr. Robert Loewinger's useful but underutilized reference on Proof Gold Coinage of the United States (2003) maintains that an "unknown number of satin Proof coins were made by striking six or seven blows of the press. Also there is a sandblast finish of this type." We have numerous times cited the criteria of the Satin Finish proofs that Walter Breen put forth. However, Loewinger goes a step further, actually listing the "criteria used by NGC to distinguish Proof examples of the High Relief edition of the Saint-Gaudens Double Eagle from Business Strikes:

"1) Extreme sharpness in all details, both at the centers and toward the peripheries.
"2) The complete absence of die erosion or distortion.
"3) Numerous, raised die-polishing lines on both sides. These appear in a random, swirling pattern. While also evident on currency strikes, these are particularly bold on Proofs.
"4) Uniformly satiny surfaces, without any of the radial flowlines that produce conventional Mint luster.
"5) A build-up of metal just inside both borders, though especially evident on the reverse. This appears as a slightly raised ridge forming a concentric circle with the coin's border. It probably resulted from the extreme compression to which the Proofs were subjected to by additional strikes."

This piece meets all the criteria set out above. The surfaces glow with bright, satiny mint luster and the striking details are extraordinarily sharp. A fine wire rim encircles each side from the extra blows required from the hydraulic press used to produce these pieces. Simply outstanding presentation and eye appeal.
As we wrote elsewhere in this catalog, the planned Mint release in January 2009 of MMIX-dated Ultra High Relief coins should fan the flames of demand for both the business strike and proof MCMVII original High Reliefs--as well as the original proof Ultra High Reliefs for those who can afford them. This will mark the first time in Mint history that two different type coins from the same series are produced 102 years apart. Census for Wire Rim coins: 12 in 66, 12 finer (12/08). (#9132)

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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 1143, Lot 3610 Sunday, August 15, 2010 66 NGC $66,125.00
Auction 1128, Lot 1330 Sunday, August 2, 2009 66 NGC $69,000.00
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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
65 --- --- --- --- --- --- ---
66 --- --- --- --- --- --- ---
67 --- --- --- --- --- $2,200,000 $2,300,000
*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  
NGC 66 19 14 237 -
CAC 66 0 1 1 -
*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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Photographs:



Proof High Relief Double Eagles, 1907 $20 High Relief, Wire Rim PR66 NGC....


Proof High Relief Double Eagles, 1907 $20 High Relief, Wire Rim PR66 NGC....


Proof High Relief Double Eagles, 1907 $20 High Relief, Wire Rim PR66 NGC....


Proof High Relief Double Eagles, 1907 $20 High Relief, Wire Rim PR66 NGC....

We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.

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