1909 $20 MS65+ PCGS. CAC....

Description

1909 Saint-Gaudens Twenty, MS65+
Elusive Issue This Fine

1909 $20 MS65+ PCGS. CAC. Ex: Fox. The Philadelphia Mint struck a smallish production of 161,282 Saint-Gaudens double eagles in 1909, split between the normal date and 1909/8 overdate varieties. A large number of lower Mint State examples surfaced in a European hoard some time ago, but the 1909 remains elusive in MS65 condition, and finer examples are prime condition rarities. This Plus Graded Gem displays sharply detailed design elements and the well-preserved orange-gold surfaces are awash in vibrant mint luster. The outstanding quality and eye appeal are confirmed by the CAC sticker. Population: 23 in 65 (3 in 65+), 7 finer. CAC: 1 in 65, 1 finer (1/20).

David Akers (2012) Comments:
Prior to about two decades ago, when a fairly large hoard of uncirculated examples was discovered in Europe, the 1909 was considered to be a very scarce issue in any grade and a rare one in choice uncirculated condition or better. The hoard changed all that, however, and now the 1909 is strictly a condition rarity, that is, one whose rarity is almost entirely dependent on the grade rather than the total number of specimens known. There were hundreds of choice and even very choice uncirculated specimens in the hoard and so at those levels the 1909 is now considered scarce rather than rare. However, the addition of the hoard specimens to the total population didn't diminish the rarity of gems of this date. They are still considered very rare and probably no more than 20-25 MS65 quality examples are known to exist, if that many. The number of superb MS66 quality specimens is much smaller, probably less than half the MS65 population, and none have been graded above that level.
From The Rollo Fox Collection of $20 Saint-Gaudens Gold, Part II. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 26FB, PCGS# 9150, Greysheet# 10136)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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