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Lot
3631

1911 $20 PR67 NGC. After two years of producing the Roman Finish proofs in 1909 and 1910, Edgar Adams sponsored a resolutio...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
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Description:
Outstanding PR67 1911 Double Eagle
1911 $20 PR67 NGC. After two years of producing the Roman Finish proofs in 1909 and 1910, Edgar Adams sponsored a resolution to the members of the ANA at their 1910 convention in New York City, requesting the Director of the Mint to revert to the original "sandblast" process used in 1908 for all proof gold coins. This was voted on and approved by a majority of ANA members. Part of the resolution reads:
"It is the opinion of the majority of gold collectors that the present style of gold Proof is far inferior to that showing the frosted finish. Owing to the peculiarity of the designs of the Saint-Gaudens coins, the entire planchet is struck in such a way that the whole surface of the coin loses the brilliant, polished finish so much valued by the collector and renders the Proof coins scarcely distinguishable from those issued for general circulation.
"With the frosted finish a most artistic effort is produced, throwing the design to the eye in a most attractive way, and provides the collector with a superior coin for cabinet purposes and at the same time one which cannot possibly be confused with the coin struck for circulation."
The collecting community never really accepted the matte proofing process, but it was preferable to proof coinage that was indistinguishable from business strikes. as struck in 1909-1910. The Mint's policy changed as a result of the ANA's resolution, and proof coinage reverted in 1911 to the darker, matte process of 1908. This is an amazingly well preserved coin. We have searched with a 16-power loupe and have failed to locate any contact marks or shiny spots. The only pedigree identifiers we see on this magnificent piece are a spot of darker color in the right obverse field and another speck of darker color on the reverse below the eagle's beak. Census: 9 in 67, 2 finer (11/05).
From The Clausen Family Collection.(Registry values: N10218) (NGC ID# 26GY, PCGS# 9208)

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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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