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Lot
3351

1907 $20 PR63 Cameo NGC....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 29, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
Charming 1907 Liberty Head Twenty
PR63 Cameo
1907 $20 PR63 Cameo NGC. A small proof mintage of 78 Liberty Head double eagles was accomplished in 1907, the smallest proof mintage of the 20th century. Anticipation of the new Saint-Gaudens design, which began production in November, probably limited the mintage of the older design proof sets. The survival rate is high, with perhaps 40-50 examples still extant. An early auction appearance of a 1907 proof set was in the James Ten Eyck Collection (B. Max Mehl, 5/1922), lot 347. Mehl noted, "1907 Old type. $20., $10., $5., $2.50. Perfect brilliant proofs. Rare. The $20. in brilliant proof is far more rare than the rare variety St. Gaudens type."
The present coin is a splendid specimen of this historic issue. Attractive yellow-gold surfaces are enhanced by reflective fields and a sharp strike. In the Encyclopedia of U.S. Gold Coins 1795-1933, Jeff Garrett and Ron Guth note most examples of this date lack Cameo devices, but NGC has awarded this piece the coveted Cameo designation. A few small handling marks limit the grade. Census: 4 in 63 Cameo, 28 finer (2/09).(Registry values: P1) (NGC ID# 26EV, PCGS# 89123)

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