1909/8 $20 FS-301 MS65+ PCGS....

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Sold on Jan 12, 2023 for:

$57,600.00 Bid Source: Internet bidder

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Description

1909/8 Saint-Gaudens Twenty, MS65+
Popular Guide Book Variety
Only Series Overdate

1909/8 $20 FS-301 MS65+ PCGS. Ex: Fox. The 1909/8 Saint-Gaudens double eagle is a popular Guide Book and Cherrypickers variety, the only overdate of the series. The overdate was not noticed until one year after the coins were struck, when Edgar Adams published his findings in The Numismatist, so no mintage figures were recorded. Roger W. Burdette estimates the surviving population at about 5,000 examples in all grades. The 1909/8 is rare at the MS65 grade level, and finer coins are prime condition rarities. This Plus-graded Gem exhibits sharply detailed design elements, with the undertype 8 plainly visible. The well-preserved orange-gold surfaces are lustrous and appealing. Population: 21 in 65 (4 in 65+), 5 finer (11/22).
When we offered this coin in 2020, David Akers commented:

"This is one of the most popular issues of the Saint-Gaudens double eagle series due to its unique status in the series as an overdate. Prior to the 1960s this issue was not seen very often in uncirculated condition but then substantial quantities were located in various Paris and Swiss banks by Paul Wittlin who served as a gold coin buyer for James Kelly (a famous Dayton, Ohio, coin dealer) and later Paramount International Coin Corporation. "

Ex: Rollo Fox Collection of $20 Saint-Gaudens Gold, Part II / Central States Signature (Heritage, 4/2020), lot 3870, where it realized $38,400.

Coin Index Numbers: (NGC ID# 26FC, Variety PCGS# 145740, Base PCGS# 9151, Greysheet# 374011)

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.

View Certification Details from PCGS