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    1911 Twenty, MS67
    The Single Finest PCGS Example

    1911 $20 MS67 PCGS Secure. CAC. Ex: Duckor/Akers. The Philadelphia Mint double eagles issued from 1911 through 1915 are each low-mintage issues that are scarce in top grades. The 1911 saw a production of 197,350 coins, which was actually the highest mintage during those years. The diminished coinage was related to the stock of gold held in the Treasury and perceived useless. In the previous Annual Report for 1910, Mint Director Roberts observed:

    "In the report of this bureau for the fiscal year 1902, the director called attention to the uselessness of coining all the gold bullion and foreign coins received at the mints, and again in the report for 1904 the embarrassment occasioned by the statutory requirement that so much of the reserve fund must be kept in coin was pointed out. ...
    "Practically the entire gold production of this continent is going into the vaults of the Treasury. This gold will never be wanted in the form of coin. It will be held as the basis of our monetary system but the habits of our people are fixed, and it is certain that they will always prefer paper money for actual use. The only important demands upon the Treasury for gold have always been for bullion for export. With $1,000,000,000 [1 billion] of coined gold in the Treasury it is perfectly safe to permit the issuance of gold certificates against bullion, allowing the Secretary of the Treasury to determine in his discretion when and how much shall be converted into coin. Such action will result in important economies in the mint service."

    The low mintage explains the overall rarity of the date, especially considering the likelihood that most of those coins, like others of the period, ended up in Treasury storage where they were eventually melted. There was little or no actual circulation of 1911 double eagles, and today less than 5% of the total PCGS population grades less than AU58. Most surviving examples are in lower Mint State grades, with an average PCGS grade of just under MS62. When found, the typical piece will probably have little eye appeal. Jeff Ambio writes in his revision of the Akers Handbook that "the 1911 has below-average eye appeal. The luster is inferior, and most examples have not been well preserved. The 1911 is one of the most challenging P-Mint issues in this series to locate with aesthetically pleasing, Gem-quality surfaces." Dave Bowers describes the typical 1911 double eagle as well struck but lackluster.
    The Duckor Collection Superb Gem is atypical; the fine-grained matte surfaces exhibit startling brassy greenish-gold color that yields to copper-gold around the devices on the obverse, with the colors intermingling a bit more on the reverse. Minor strike softness appears at the lower obverse on the Capitol dome and the leaves at the right. Of the few mentionable marks, the most reliable pedigree marker is a short scrape in the left obverse field. The Duckor specimen has incredible eye appeal and is clearly finer than any other example, the only MS67 that PCGS has certified with none finer (10/11).
    Ex: David Akers.

    David Akers Comments:
    The 1911 is decidedly more rare than the 1910, especially in gem uncirculated condition. Until a substantial hoard of uncirculated examples was discovered in Europe about twenty years ago, the 1911 was thought to be scarce in MS63 condition, and MS64 quality examples were considered moderately rare at the very least. Today, though, there are many hundreds of choice and very choice mint state 1911 double eagles available to collectors. Gems remain rare, however, certainly considerably more so than equal quality examples of the 1908 With Motto and 1910. At the superb MS66 grade level, the 1911 is very rare with perhaps 15-18 known. This specimen, however, is one of only four certified in the superb MS67 grade and is the only one so graded by PCGS. It has exceptional eye appeal with respect to color and luster and is the finest I have ever seen or handled.
    From The Dr. and Mrs. Steven L. Duckor Collection.
    Seller is donating a portion of their proceeds, and Heritage is donating the same portion of the Buyer's Premium, from the sale of this lot to the National Numismatic Collection at the Smithsonian Institution. See page 3 for details.(Registry values: N1)

    Coin Index Numbers: (NGC ID# 26FJ, PCGS# 9157)

    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 Dr. and Mrs. Steven L. Duckor Collection ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2012
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
    Page Views: 2,434

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Saint-Gaudens Double Eagles as Illustrated by the Phillip H. Morse and Steven Duckor Collections
    Revised Edition by Roger Burdette, and edited by James L. Halperin and Mark Van Winkle

    Saint-Gaudens Double Eagles is an issue-by-issue examination of this 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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