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Lot
1330

1907 $20 High Relief PR66 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
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Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
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Gorgeous PR66 1907 High Relief, Wire Rim Twenty
1907 $20 High Relief 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.
From The Bay State Collection, Part Two. (PCGS# 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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