1908-S $20 MS66 PCGS. CAC....

Description

Magnificent Premium Gem 1908-S Twenty

1908-S $20 MS66 PCGS. CAC. Ex: Brahin. After the Arabic Numerals, No Motto variety went into circulation, legislation went before Congress to add the motto IN GOD WE TRUST to the new Saint-Gaudens double eagle design. Before the law went into effect, both Philadelphia and Denver struck No Motto twenties in 1908. San Francisco, by contrast, did not strike any double eagles in that year until the With Motto reverse dies were ready. The West Coast facility had significantly below-average production as a result.
With its mintage of just 22,000 pieces, a far cry from the 1907-S Liberty issue's production of over 2.1 million coins, the 1908-S has drawn collectors' attention for decades, and while lightly circulated and lesser Mint State pieces are somewhat available, Select and better coins are highly elusive. David Akers wrote in his landmark reference on the denomination: "With the sole exception of the 1907 High Relief, the 1908-S has the lowest mintage of any regular issue Saint-Gaudens Double Eagle. Therefore, it is not surprising that the 1908-S is a scarce date in all grades."
Garrett and Guth note that as a rule, 1908-S double eagles " ... are awash in satiny luster and decent strikes." One glance at this Premium Gem survivor, with its swirling, understated luster and generally bold detail, reinforces this impression. The obverse is orange-gold with occasional pink-gold accents, while the reverse has paler straw and wheat coloration. A carefully preserved and elegant representative of this challenging and desirable issue. In fact, this example is nicer than any of the other MS66 specimens that we have seen. Population: 8 in 66, 5 finer (2/08).(Registry values: N1)

Coin Index Numbers: (NGC ID# 26FA, PCGS# 9149, GSID# 10161)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 22,000

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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