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Lot
7714

1915 $20 PR66 NGC....

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

 
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Auction Ended On: Aug 12, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1915 Saint-Gaudens Double Eagle, PR66
Last Matte Proof Twenty
Highest Quality and Historic Significance
1915 $20 PR66 NGC. After seven years of production, 1915 proved to be the final year for the matte proofing process. The European-influenced proofs never really caught on with American collectors, as seen by the steadily declining numbers produced in each successive year. 1915 was the nadir for proof production and only 50 sandblast proof twenties were struck. 1915 was also the final year a regular issue gold coin was struck in proof format until 1984.
Breen estimated that only 12 proofs survived of this date. Akers doubled that estimate to a range of 20 to 25 coins. Based on our experience in handling proof gold and the numbers of pieces certified by the major grading services (minus an unknown number of resubmissions), we believe the number of surviving 1915 twenties to be no more than 30 pieces.
At the PR66 level, this piece is among the finest known of this rare date. NGC shows that nine others have been so graded (a couple are probably resubmissions), and only one coin has been certified finer at either of the services, a single NGC PR67 (6/11). The finish on this piece is virtually indistinguishable from the finish seen on the 1914 examples we have handled. Its color is only slightly darker in hue, and the 1915 has an overlay of rich reddish patina. This is truly a superior example of this major 20th century rarity. The only discernible ripple in the surface of the coin is a tiny planchet void on Liberty's left (facing) thigh. An important opportunity for the 20th century gold specialist.
Ex: Atlanta Signature (Heritage, 4/2006), lot 2490, realized $83,375.
From The Oliver Collection.(Registry values: N10218) (NGC ID# 26H4, PCGS# 9212)

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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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