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    1912 Double Eagle, Matte PR67
    None Certified Finer at Either Service

    1912 $20 PR67 NGC. The matte proofs that debuted during the early years of the 20th century in America built on such coins struck at various European mints during the preceding few years, including the British Royal Mint's production of 1902-dated 11- and 13-piece matte proof sets celebrating the coronation of King Edward VII after the long reign of Queen Victoria.
    The set was so unpopular with the British that it was the only matte proof set ever issued by the British Royal Mint.
    The U.S. Mint in Philadelphia, after moving to new facilities in 1901, had moved to a new finish for proof gold coinage in 1902 and afterward, one that was semibrilliant or all-brilliant rather than the earlier deeply contrasted surfaces.
    The introduction of new designs for the gold denominations beginning in 1907 with the Saint-Gaudens tens and twenties was a reason for the Mint to experiment with new surface finishes, and in any case, the new coinage designs were alleged to be unsuited to the old high-contrast textures.
    But the matte proof finish that debuted in 1908 was equally detested by collectors on this side of the Atlantic. Playing defense, the Mint switched in 1909 and 1910 to a hybrid texture variously called Roman or satin finish. It was disliked more by most collectors, and from 1911 through the end of proof coinage in 1915 the Mint reverted to tinkering with variations on the matte theme.
    The present 1912 double eagle graded PR67 is one of 12 submissions in this grade with none finer at NGC (11/12). The surfaces are a consistent, deep orange-gold color with a uniform, finely faceted texture. One thin scrape across Liberty's right (facing) breast is the only mentionable mark, although for pedigree purposes we also note a tiny pale reddish patch in the left obverse field. This is a thoroughly splendid example of the "caviar of U.S. numismatics."
    From The Victoria Rose Collection.(Registry values: N10218) (NGC ID# 26GZ, PCGS# 9209)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Victoria Rose Collection ]

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    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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    The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
    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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