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Lot
4611

1907 $20 Arabic Numerals MS67 PCGS....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 14 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1907 Saint-Gaudens Double Eagle, MS67
First-Year Arabic Numerals, No Motto Type
None Numerically Finer at PCGS or NGC
1907 $20 Arabic Numerals MS67 PCGS. By late 1907 everyone involved in coinage of the new Saint-Gaudens double eagle design realized the coins could only be mass-produced in a low-relief format, and the letters in the date should be Arabic rather than Roman numerals. Saint-Gaudens' assistant, Henry Hering, provided a plaster model with Arabic numerals which was sent to Philadelphia by September 20. Unfortunately, during the process of reducing the models to coin size and making hubs for the dies, much fine detail was lost. Chief Engraver Charles Barber succeeded in re-engraving the hubs, restoring much of the lost detail by hand.

Coinage of the low-relief double eagles began in early December, but the first 8,000 pieces had to be destroyed because of problems with the edge lettering. It was mid-December before the problems were finally resolved, and a substantial mintage of 361,667 Arabic Numerals double eagles was produced by the end of the year. Because of President Roosevelt's objection to the motto, IN GOD WE TRUST was not included in the design, creating a short-lived popular design type for later generations of collectors.

The High Relief double eagle received most of the attention in 1907, and comparatively few examples of the Arabic Numerals mintage were saved by contemporary collectors. Easily located in grades up to the Gem level, this issue is very rare in MS67.

The present coin is a magnificent Superb Gem, with incredible technical quality and tremendous eye appeal. The design elements are sharply detailed throughout and the fields are remarkably free of contact marks. The bright orange-gold surfaces gleam with vibrant mint luster. Neither PCGS nor NGC has graded any coins in higher numeric grades. Population: 16 in 67 (1 in 67+), 0 finer (3/13).(Registry values: N1) (NGC ID# 26F5, PCGS# 9141)

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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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