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Lot 3418

Image Information

Type Coin
Title Lot 3418
Date 1907
Side reverse
Grade 65
Service NGC
Service Catalog # 9136
Denomination $20
Description 1907 $20 High Relief, Flat Rim MS65 NGC. Saint-Gaudens' High Relief double eagles were met with much press coverage at the time of their public release in December 1907, and the coins soon began trading in the numismatic market for a 10 to 20 percent premium over face value. Bankers were well-aware of this demand, and readily sold the coins at an unofficial premium, per Bowers. As a result, numerous examples survive in Mint State grades, but demand has only grown with time. Most High Relief double eagles were coined with a "fin" of metal around the rim, caused by planchet metal being forced up between the collar and the die face during the successive blows from the dies. This was viewed as a flaw by the Mint, and measures were taken to decrease this characteristic. As a result, a small portion of the surviving population exhibits no sign of the usual "fin," and these Flat Rim coins typically draw slightly more attention than their Wire Rim counterparts. This Gem example showcases rich orange-gold luster over satiny, nearly unabraded surfaces. As would be expected for a coin that was struck at least three times, the design elements are boldly defined. Ex: Eric P. Newman Numismatic Education Society. Realized $38187.50. Description courtesy of Heritage Auctions.

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