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Lot
2779

1909 $20 MS66 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Conditionally Rare Premium Gem
1909 Saint-Gaudens Double Eagle
1909 $20 MS66 PCGS. The 1909 Saint-Gaudens double eagle is a conditionally scarce issue that was not fully recognized as such for many years. This scarcity was modified somewhat by the discovery of a hoard of several hundred pieces in the early 1980s. That hoard made lower grade Uncirculated coins available, but Choice Uncirculated and finer examples remain elusive. The total mintage of the 1909 was a mere 161,282 pieces. This mintage figure was apparently almost equally divided between examples of the 1909/8 overdate variety and coins struck from "perfect" dies, like the currently offered Premium Gem. Thus, the mintage of the 1909 non-overdate issue should perhaps be reported as (approximately) 80,000 coins.
The devices are sharply struck throughout, and the variegated peach and orange-gold coloration is also imbued with tinges of pale green. Each side is awash in softly frosted luster. Rarely are these large gold coins found with such minimally marked surfaces. This specimen is individually identifiable by three minuscule abrasions in the right obverse field, below Liberty's arm. Other than a nick in the lower left obverse field, and slight stacking friction on the upper half of the sun, no other potential pedigree markers are observed on either side. The combined NGC and PCGS population figures show a total of 10 pieces graded at MS66 (some of these are likely resubmissions), and, significantly, none are certified any finer at either service (3/09).(Registry values: N10218) (NGC ID# 26FB, PCGS# 9150)

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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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