1914 $20 PR67 NGC. JD-1, High R.5....

Description

1914 Saint-Gaudens Double Eagle, PR67
Rare Late-Series Satin Proof
Only One Finer Certified

1914 $20 PR67 NGC. JD-1, High R.5. Ex: Simpson. Mint records indicate 100 proof Saint-Gaudens double eagles were struck in 1914, but only 70 examples were accepted and distributed. The accepted proofs were delivered late in the year, with the first delivery of 25 examples on September 28, a second group of 25 coins on November 4, and the final batch of 20 specimens on December 19. Mint regulations specified that coinage of proofs could not begin before production of the regular-issue coinage for the denomination began. With the beginning of World War I and the subsequent restrictions on international trade in 1914, there was little commercial demand for double eagles in the national economy. Business-strike double eagles were only struck late in the year to serve as currency reserves, accounting for the late proof production. A single pair of dies was used to strike all the proofs. John Dannreuther estimates the surviving population at 35 to 45 examples in all grades today, which closely agrees with the PCGS CoinFacts estimate of 40 to 45 examples extant. David Akers believed the 1914 proof Saint-Gaudens double eagle was the second-rarest proof issue of the series in high grade.

The present coin is a remarkable Superb Gem proof, with razor-sharp definition on all design elements and virtually flawless mustard-gold surfaces that radiate unbroken satiny matte luster. The overall visual appeal is terrific. Only one coin has been certified in higher grade at either of the leading grading services, a single PR68 example at NGC (3/24). We expect intense competition from series specialists and Registry Set enthusiasts when this lot is called. Census: 6 in 67, 1 finer (3/24).(Registry values: N10218)
Important Selections from The Bob R. Simpson Collection, Part XII.

Coin Index Numbers: (NGC ID# 26H3, PCGS# 9211, Greysheet# 10197)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz
Mintage: 70

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 [Important Selections from The Bob R. Simpson Collection, Part XII ]

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