Gem Matte Proof 1911 Double Eagle1911 $20 PR65 NGC. The 1911 matte proof coinage marked the Mint's return to the proof style of 1908--or one similar, at any rate--after the shinier Roman or Satin Finish of 1909 and 1910. The official mintage figure is given as 100 coins, but some of those pre-Depression figures bear little relevance today. Some proof double eagles may have been turned in for face value when hard times hit in the 1920s and 1930s; others have been lost to the various forms of attrition that proof coinage can be subjected to.
We wrote these words in 2006 in the reference The Coinage of Augustus Saint-Gaudens as Illustrated by the Phillip H. Morse Collection concerning the certified survivors:
"In our estimation, probably 40-50 separate pieces are extant today. When the combined populations of NGC and PCGS coins are considered, that is, 54 pieces, it becomes apparent that a few resubmissions must be included in those numbers. When this seemingly inflated number of certified coins is contrasted to the auction data for the 1911, one is struck by the paucity of actual appearances in public sales--no more than two coins per year have appeared in auctions over the past dozen years."
It is interesting to note that four years later, in 2010, the combined NGC/PCGS population remains exactly the same--54 coins. The 1911 matte proofs have a distinctive mustard color, as does this piece. The grade derives from slight shininess over the obverse high points and a few tiny contact marks on the sun. The surfaces show the typical fine-grained pebbly texture characteristic of the issue.
This Gem matte proof 1911 double eagle of the lovely Saint-Gaudens design represents an important opportunity for collectors seeking a worthy addition to a fine gold type set.(Registry values: N7079) (NGC ID# 26GY, PCGS# 9208)
Weight: 33.44 grams
Metal: 90% Gold, 10% Copper
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Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers
The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins.
Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on
two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.
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