LOT #1327 |
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1907 $20 High Relief, Wire Rim MS66 PCGS....
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Sold on Jul 31, 2009 for:
$67,562.50
Bid Source: Live: Floor bidder
Description
Extraordinary 1907 High Relief Twenty
Wire Edge, MS66
1907 $20 High Relief, Wire Rim MS66 PCGS. This extraordinary
Premium Gem that has exceptional aesthetic appeal. The surfaces are
satiny and lustrous, with brilliant light to medium yellow color.
Pristine and exceptional, one of the most attractive Premium Gem
High Relief double eagles we have had the pleasure of handling,
this piece has few peers for the grade. It has bold design
definition, exactly as Augustus Saint-Gaudens envisioned.When President Theodore Roosevelt planned the creation of new designs for all U.S. coins, he began with the gold, and hired Augustus Saint-Gaudens, the nation's premier sculptor at the time, to model the new designs. Progress was slow, with many setbacks under the administration of Mint Director George Roberts. His replacement, was Frank Leach, who arrived in Washington to assume his duties on October 1, 1907. A short time later, Leach met with President Roosevelt, and less than 30 days later he had more than 12,000 of the High Relief double eagles coined.
Leach later commented, "I had every medal press in the Philadelphia mint put into operation on these coins with an extra force of workmen, so that the presses were run night and day. The officers of the mint entered into the spirit of the work cut out for them, putting zest into the operations which assured me that the issue of the new double eagles, so greatly desired by the President, would be made on time. In fact, we delivered to the Treasurer of the United States 12,153 double eagles, representing $243,060, which was considerably more than asked of us, several days ahead of time."
The popularity of these coins, the ultimate achievement of the coiner's art, is greater than for any other individual type. No other U.S. coinage issue is the subject of such intense demand. Wire Edge Population: 65 in 66, 20 finer (6/09).
From The Wisconsin Gold Type Set Collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 26F2, PCGS# 9135, GSID# 10131)
Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 12,367
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 all of [The Wisconsin Gold Type Set Collection ]
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,226
Buyer's Premium per Lot:
15% of the successful bid per lot.
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