1905 $20 MS65 NGC....

Description

Singular Gem 1905 Twenty

1905 $20 MS65 NGC. For mintages of Liberty double eagles at Philadelphia in the 20th century, there is little middle ground; mintages are either million-plus, as is the case with the 1904 and 1907 issues, or lower six figures and below. With its mintage of 58,919 pieces, the 1905 is part of a trio of issues with five-figure production, along with the 1902 and 1906. One may surmise that the over 6 million double eagles Philadelphia coined in 1904 crowded out the possibilities for large mintages in the next two years.
Many survivors from this issue come from overseas sources; as Garrett and Guth note, "Most of the coins seen have been plucked from gold shipments that have returned to the United States in recent years. The average coin grades AU-58 to MS-61." The population data are consistent with those from other repatriated issues. For a number of years, MS64 was the best condition known for the issue. Among other authorities, Garrett and Guth, in their 2006 edition of Encyclopedia of U.S. Gold Coins, stated that "none are known" in MS65. The appearance of a Gem is a recent development.
The chance to own such a coin is rendered real by the present lot's auction appearance. Its devices are well-defined, particularly in the centers, and the orange-tinged wheat-gold fields offer delightful, creamy luster. A handful of shallow flaws lie scattered on each side, but the overall effect is consistent with the grade assigned. Delightfully appealing and an important opportunity to supplement one's conditionally distinctive collection of Liberty twenties.(Registry values: N1)

Coin Index Numbers: (NGC ID# 26D2, PCGS# 9047, Greysheet# 9840)

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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