Lot 2553
1908 $20 St. Gaudens. No motto. PCGS graded MS-64. Nice lustrous fields. Untoned.
The Model T Ford made its debut in 1908 with a purchase price of $825.00. Over ten thousand were sold in its first year, establishing a new record. Four years later the price dropped to $575.00 and sales soared. In the next eighteen years, out of Ford's Piquette Avenue, Highland Park, River Rouge, and from assembly plants all over the United States came 15,000,000 more. Measured at today's gold price of $1200 an ounce, the 41.25-ounces cost of a Model T in 1908 equals $49,500 today! (PCGS # 9142) .
Estimated Value $1,650 - 1,700.
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| Realized $1,725 |
