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Lot 3422

Image Information

Type Coin
Title Lot 3422
Date 1909
Side reverse
Grade 66
Service NGC
Service Catalog # 9152
Denomination $20
Mint Mark D
Description 1909-D $20 MS66 NGC. CAC. This low-mintage issue of 52,500 pieces is the scarcest Saint-Gaudens twenty-dollar date from the Denver Mint. It is also the fourth-lowest business strike mintage in the entire series after the 1907 High Relief, the 1908-S, and 1913-S. According to David Akers in A Handbook of 20th Century United States Gold Coins, 1907-1933: "It is actually more rare than the High Relief or 1913-S, however, and is virtually identical in both overall rarity and condition rarity to the 1908-S." Production began on January 5, 1909, but must not have continued for very long. As noted by Walter Breen, this example is one of those sporting "minor repunching on D." Apparently, most of the coins from this issue remained in the United States, but some some went overseas and were eventually repatriated (in the 60s and later, according to Garrett and Guth) from Switzerland, El Salvador, and France, where they had probably languished in bank vaults for more than half a century. This Premium Gem is beautifully preserved, in addition to being conditionally rare. It is the sole example graded MS66 by NGC, where only a single coin is ranked even higher (MS67). PCGS has encapsulated four MS66 and two MS67 examples. It is worth noting that approximately 2/3 of the PCGS population for this issue is in circulated grades, indicating that the 1909-D double eagles must have been used, at least to some extent, in the channels of commerce. The clean surfaces display softly frosted mint luster and blended light hues of honey and rose-gold. One of the finest-known examples of this rare, early issue from the Denver mint facility, this wonderfully preserved double eagle should command a considerable degree of interest when it crosses the auction block. Census: 1 in 66, 1 finer (8/14). Ex: Eric P. Newman Numismatic Education Society. Realized $64625.00. Description courtesy of Heritage Auctions.

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