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Lot
5534

1910 $20 PR64 NGC....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 11 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
Rare 'Roman Finish' PR64 1910 Double Eagle
1910 $20 PR64 NGC. Completing the marvelous four-piece 1910-dated gold proof set in this Platinum Night session is the 1910 double eagle graded PR64 by NGC. Although the Mint during this time period would sell both complete sets and singletons to collectors as they desired, a good rule of thumb is that the total produced (not necessarily sold) would decrease as the denomination increased. Thus, proof double eagle mintages are generally lower than proof eagle mintages, and so forth.
The proof gold mintages of 1910 in particular -- and especially for the quarter eagle and eagle -- seem out of alignment when compared with relative rarities today. Breen guesses in his Proof Encyclopedia that no more than 167 double eagles were made, but he adds the issue is "far more rarely offered at auction than one would expect with this mintage."
A trip through our Permanent Auction Archives reveals that it has been more than two years since we offered a Gem-or-finer example of the 1910 double eagle, with many such more than a half-decade ago -- and this despite the existence of specimens certified up to the PR68 level (two at NGC). Much of the high-grade proof gold seems to be going into strong hands, often to reappear only many years later.
A single horizontal hairline in the left obverse field limits the grade of this near-Gem proof. Both sides have bright reddish-orange surfaces with the Roman gold finish and satin luster. Tiny dark blue spots on and between rays over the right side of the N of IN are the only provenance markers on either side of this amazing coin.
From The B & D Collection.(Registry values: N7079) (NGC ID# 26GX, PCGS# 9207)

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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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