LOT #2079 |
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1907 $20 Arabic Numerals MS67 PCGS....
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Sold on Jul 31, 2008 for:
$37,375.00
Bid Source: Live: Floor bidder
Description
Tremendous 1907 Arabic Numerals, MS67
Tied for Finest Certified
1907 $20 Arabic Numerals MS67 PCGS. The so-called 1907
Arabic Numerals is not at the forefront of collectors' minds when
they consider the top-dollar issues in the celebrated Saint-Gaudens
double eagle series. Most knowledgeable numismatists on the series
could name the bookends of the series, the MCMVII Ultra High
Relief/High Relief and the 1933 as exceedingly valuable, along with
perhaps the 1927-D and the 1929 through 1932 issues.While this piece in MS67 is not in the same league as those fabulous rarities named above--or else the present cataloger would be writing multiple pages instead of a single page of copy for it--it is nonetheless conditionally quite an elusive item. As of (6/08) PCGS has certified only 11 pieces in this grade, with none finer. (There are eight more pieces so graded at NGC.) Compare that figure with the 1908 No Motto emission, which has seen 843 pieces graded MS67, with 111 finer! While that enormous population of Superb Gems is due, of course, to the discovery and dispersal of the fabulous Wells Fargo Hoard of double eagles, it in no way diminishes the conditional rarity of the present piece.
Since the No Motto subtype includes only three issues--the 1907 "Arabic Numerals" and the 1908 and 1908-D No Motto--a Registry Set or type collector should seriously consider the present 1907 No Motto piece in MS67 for potential acquisition. On the one hand, the 1908 No Motto coins are, because of the Wells Fargo hoard, incredibly common in MS67, with several hundred certified. On the other hand, the 1908-D No Motto is conditionally so rare that the finest few pieces at PCGS are MS66. At the Superb Gem level, this coin represents a tremendous combination of top quality with conditional rarity.
The surfaces are fairly mattelike, yet radiant cartwheel luster emanates from both sides. The overall coloration is deep, mellow orange-gold, accented with tinges of green. Only a couple of trivial marks appear with magnification on Liberty's exposed right (facing) thigh, and all other contact evidence is essentially trivial. Population: 11 in 67, 0 finer (6/08).(Registry values: N1)
Coin Index Numbers: (NGC ID# 26F5, PCGS# 9141, GSID# 10132)
Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 361,667
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.
Auction Info
2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 905
Buyer's Premium per Lot:
15% of the successful bid per lot.
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