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Lot
7711

1908 $20 Motto PR67 NGC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 5 Internet/mail/phone bidders
981 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1908 Motto Double Eagle, PR67
First Matte Proof Issue
Classic 20th Century Rarity
1908 $20 Motto PR67 NGC. A coin of surpassing quality, from the first publicly offered matte proof issue of the famous Saint-Gaudens design. A few proof 1907 Arabic Numerals twenties are known, but they were struck as experimental pieces and not made available to collectors. The Mint was optimistic about the reception the artistic matte finish proofs would receive from the public, and a large proof mintage of 101 examples was achieved in 1908. The proofs were made late in the year, all with the motto IN GOD WE TRUST that was omitted on the coins from 1907 and early 1908. Unfortunately, collectors rejected the new matte proofs, preferring the brilliant finish used in earlier years. Many examples went unsold and were melted after the close of the year. Experts estimate a surviving population of about 65-80 examples today in all grades.
At the PR67 level, the 1908 is a very rare issue. Currently, NGC has certified 10 examples in Superb Gem condition, with two specimens finer, while PCGS has graded no coin finer than PR66 (7/11). This is only the fourth time Heritage has been privileged to handle a 1908 in PR67. The auction record for this issue is held by the magnificent PR67 NGC specimen in lot 6554 of the Phillip H. Morse Collection (Heritage, 11/2005), which realized $97,750.
The present coin is a spectacular Superb Gem, with the razor-sharp definition expected of a matte proof. The surfaces are an attractive khaki-gold color, with a coarse, nonreflective matte finish. No contact marks or shiny spots are visible to the naked eye. This offering represents a landmark opportunity for the Saint-Gaudens specialist.
From The Oliver Collection.(Registry values: N10218) (NGC ID# 26GV, PCGS# 9205)

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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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