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Lot 3416

Image Information

Type Coin
Title Lot 3416
Date 1907
Side obverse
Grade 66
Service NGC
Service Catalog # 9053
Denomination $20
Mint Mark D
Description 1907-D $20 MS66 NGC. CAC. Gold exportation for trade was substantial and fast-moving in 1907, but was more than adequately supplied, as the U.S. gold reserves at the time exceeded 1.6 billion dollars in coin and bullion. The three mints produced nearly 4.5 million double eagles that year alone, but Bowers suggests that it is likely a significant portion of the Denver emission (just more than 842,000 coins) remained in Treasury vaults as backing for domestic currency until the mid-1930s when the majority was melted. Still, a surprising number of Gem-quality pieces survive, likely due to the date being saved as the final Denver issue of the Liberty Head type. In MS66, however, the issue becomes properly elusive, and finer pieces are almost unobtainable. This CAC-approved Premium Gem example displays frosty peach-gold luster and bold design definition. The surfaces are remarkably free of abrasions, and the eye appeal is proportionately high. Census: 31 in 66 (3 in 66 S), 2 finer (8/14). Ex: Eric P. Newman Numismatic Education Society. Realized $25850.00. Description courtesy of Heritage Auctions.

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