1909/8 $20 FS-301 MS66 PCGS....

Description

1909/8 Double Eagle, MS66
Sole Saint-Gaudens Overdate
Tied for Finest Certified, Ex: Fox

1909/8 $20 FS-301 MS66 PCGS. The Philadelphia Mint double eagles of 1909 are unusual in that they are split into Normal Date and Overdate varieties. The total mintage of only 161,282 business strikes is consistent with the typical die life for two double eagle obverses, one correct and the other erroneous. However, research by Roger W. Burdette indicates seven normal date obverses were used and only one with the overdate. The 1909/8 overdate naturally enjoys a measure of popularity because of its error status (and its inclusion in the Guide Book as the only overdate in its series), but the premium it commands relative to the normal date is not strong until the Mint State grades.

The premium rises rapidly within that adjectival tier, from a small but significant percentage in MS60 to a near-doubling in MS63. At the Gem tier the 1909/8 is a condition rarity in its own right, further complicating collector efforts to own a high-grade representative. The present coin is tied with five other examples at PCGS for the title of finest certified (7/25), recognizing that two of the other submissions are Plus designated. Examples this fine seldom change hands via auction more than once or twice a year and the ambitious Saint-Gaudens double eagle enthusiast should recognize this coin for the opportunity it is.

The most obvious asset of this piece, besides its impressive preservation, is its distinctive color, a mix of apricot-gold and paler yellows. The overdate is clear and looks closer to a plain 1908 than to a 1909, with only the straight right side of the final digit giving away the secret. Though striking softness affects the top of Liberty's torch, the overall visual appeal is excellent. Population: 6 in 66 (2 in 66+), 0 finer (7/25).
Ex: ANA National Money Show Signature (Heritage, 2/2014), lot 4312, realized $67,563; Rollo Fox Collection / FUN Signature (Heritage, 1/2020), lot 4008.
From The Alymaya Collection.

Coin Index Numbers: (NGC ID# 26FC, Variety PCGS# 145740, Base PCGS# 9151, Greysheet# 374011)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

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.

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