LOT #5156 |
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1907 $20 High Relief, Wire Rim MS66 NGC....
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Sold on Jun 3, 2011 for:
$69,000.00
Bid Source: Internet bidder
Description
1907 High Relief Twenty, MS66, Wire Rim Variant
Exceptionally Thick Satiny Luster
1907 $20 High Relief, Wire Rim MS66 NGC. The story is often
told of how President Roosevelt gave out High Relief twenties to
friends as mementoes. But he was not the only one to do so.
Saint-Gaudens' wife, Augusta, also recognized the importance of the
coins and their value. In Louise Hall Tharp's 1969 work
Saint-Gaudens and the Gilded Era she related:"Augusta instructed Charles Brewster [her friend and attorney] to buy Saint-Gaudens gold coins for her. Very shortly, however, he could find "but three more" twenty-dollar gold pieces and warned her that there was "a premium of $10 on the double eagle." This time Augusta was not asking for advice; she told him to buy all he could, especially the high-relief examples. ... Augusta gave her coins to members of her family, most probably sold some as the price increased - and saved one for display at "Aspet."
The special nature of these coins was recognized by those closest to their production immediately upon their release, and the High Relief twenties were specially struck on hydraulic presses and have continued to fascinate collectors and non-collectors alike since they were issued in late 1907.
This exceptional coin was among the first produced, probably in the batch struck in November 1907. These pieces showed a 'fin' or piece of extruded metal, sometimes around both sides of the coin. The wire rim on this piece is complete around the obverse, but little is seen on the reverse. Each side has lovely, thick satiny mint luster that is virtually unaffected by contact mark or grazes. As usually seen on High Reliefs, the striking details are complete throughout.
From The Virginia Beach Collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 26F2, PCGS# 9135, Greysheet# 10131)
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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Auction Info
2011 June Long Beach Signature US Coin Auction #1156 (go to Auction Home page)
Auction Dates
June, 2011
2nd-5th
Thursday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 3,831
Buyer's Premium per Lot:
15% of the successful bid per lot.
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