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Description

Flat Rim 1907 High Relief Twenty, MS65

1907 $20 High Relief, Flat Rim MS65 PCGS. From a 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. PCGS has graded 47 finer Flat Rim coins (6/10).(Registry values: N7079) (NGC ID# 26F2, PCGS# 9136)

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Auction Dates
August, 2010
11th-15th
Internet/Mail/Phone Bidders: 7
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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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