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

Description

Delightful 1907 Double Eagle
High Relief, Flat Rim MS65

1907 $20 High Relief, Flat Rim MS65 PCGS. From an original mintage of 12,367 pieces, the famous MCMVII High Relief Saint-Gaudens double eagles are known in both Wire Rim and Flat Rim varieties. Q. David Bowers believes the two varieties resulted from differences in milling and planchet diameter, and do not really constitute different die varieties. Whatever their origin, the dramatic physical differences were noted by numismatists at the time of issue, and the two types have historically been listed separately. It is believed that approximately one-third of the original mintage was of the Flat Rim variety, but the Wire Rims have a higher survival rate. In the Encyclopedia of U.S. Gold Coins 1795-1933, Jeff Garrett and Ron Guth estimate the Flat Rim double eagles are nearly five times as scarce as the Wire Rim variety today.
In the sale of the Keel, Griswold, and Johnson Collections (Henry Chapman, 2/1908), both varieties of the High Relief twenty were offered, illustrating how soon the difference was recognized. Lot 619 of the sale reads in part, "1907 1st issue, with the high or 'Wire Edge.' Uncirculated. Mint lustre. In great demand, selling now at $35 to $45." Lot 620 reads, "1907 $20 second issue, the same as last with the edge smooth made by using a flattening collar. Uncirculated. Mint lustre. In great demand, selling now at $35 to $40." Notice Chapman believed a different collar was used to efface the wire rim feature. It is also interesting to observe that the Wire Rim variety was selling for a slightly higher price than the Flat Rim in 1908.
The present coin is a magnificent specimen, fully struck, with bright, satiny luster. The surfaces are a pleasing yellow, with an even layer of reddish patina on each side. The surfaces are essentially pristine. Population: 92 in 65, 45 finer (2/09).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26F2, PCGS# 9136, GSID# 10133)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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