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

Description

Extraordinary MCMVII High Relief Twenty, MS65
Wire Rim Variant

1907 $20 High Relief, Wire Rim MS65 PCGS. Price guides and reference books divide the 1907 High Relief twenties into two subtypes: Wire Rim and Flat Rim. In reality, both types were struck from the same dies and by the same process. The rim variations were actually the result of an incorrect combination of milling and planchet size. The first 8,000 or so High Relief double eagles struck under the aforementioned arrangement displayed a fin, or partial wire rim, particularly on the obverse, and were considered flawed. The problem was readily addressed by Mint Director Leach. As explained by Roger Burdette in his Renaissance of American Coinage, 1905-1908:

"Efforts by Clark, Barber and others had resulted in almost complete elimination of the rim fin on the high relief coins and by December 20 Director Leach wrote to Barber, 'I am more than delighted with the results you have obtained in preventing the fin.' Much of the credit for improvement goes to Leach. He had tested changes in the milling of planchets in San Francisco before he came to Washington. He had also brought several pre-shaped planchets (Roberts' 'forming die' idea) to Philadelphia for testing. The pre-shaped planchets worked no better than ordinary ones, but the pieces struck from differently milled planchets produced superior results."

After the adjustments were made approximately 4,000 more 1907 High Relief twenties were struck, with these being the Flat Rim variant. Collectors today value each subtype similarly due to the insignificant nature of the rim anomaly.
The satiny luster, boldly struck features, and remarkably well preserved surfaces confirm the exceptional state of preservation of this extraordinary High Relief. A tiny alloy spot on the obverse and a minuscule abrasion on the reverse's sun are the only imperfections worthy of mention.
From The Vegas Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26F2, PCGS# 9135, GSID# 10131)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 12,367

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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