Lot 4048
1907 $20 St. Gaudens. High relief, flat rim. NGC graded MS-61. There are a few contact marks on both of Liberty's legs, as well as several smaller light abrasions on the eagle. Luster intact from top to bottom, however, and the choice rims mean that all prior owners took a liking to it by providing it with careful handling. The mint encountered great difficulty in getting proper dies made from the models for the high relief $20, and in striking the pieces because of the high relief. It took multiple strikes with a hydraulic pressure of 172 tons to complete the double eagles of this second design. Since it took so many stampings to produce a complete coin, the gold extruded through the collar giving the coin a fringe on the surface of the rim, the so-called wire edge. This caused the banks to criticize them as being impractical because they wouldn't stack. Only 11,250 pieces were made.
Estimated Value $12,000 - 13,000.
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