1908-S $20 MS65 NGC....

Description

Prized 1908-S Twenty Dollar, MS65
Very Rare in Gem or Finer Grades

1908-S $20 MS65 NGC. The usual narrative for most of the rare mintmarked Saint-Gaudens double eagle issues from later in the series is one of high mintage--coupled with limited distribution, in many cases--and subsequent high meltage around the time of the Gold Recall of 1933. The story for the 1908-S, however, is one of genuinely low mintage, even though most examples of the 22,000 pieces struck appear to have been released, based on the condition curve of the surviving pieces. The minuscule production places the 1908-S as the lowest among regular issues of the Saint-Gaudens, With Motto subtype. Bowers estimates in the double eagle Guide Book that from 1,200 to 1,800 examples exist today in circulated and Mint State grades combined, for "raw" and certified pieces. That figure is consistent, or possibly an overestimate, based on certified totals at NGC and PCGS combined, 847 coins with a certainty of duplications (5/10).
The average certified survivor at NGC and PCGS--presumably the top end of the entire population--is around AU55, although certified examples range all the way from a single Fine specimen (at PCGS) up through a handful of coins in MS66 and MS67.
The present Gem is exceptional, as the issue is considered very rare in MS65 or finer; despite the wider availability of examples in the lower Mint State grades, the survivors thin out sharply above MS64. This piece offers sharp striking details overall, as usual on this well-produced issue. Vibrant luster appears throughout, with attractive greenish-gold surfaces. A few minor handling marks near the obverse rays explain the grade but are the only discernible blemishes. Census: 7 in 65, 6 finer (5/10).(Registry values: N7079)

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

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

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.

View Certification Details from NGC