Lot 3178
1907 $20 St. Gaudens. High relief, wire rim. PCGS graded MS-65. The Wire Rim variant of the 1907 High Relief was created by an extruded fin of metal caused by a tiny bit of gold that squeezed between the die and segmented collar from repeated blows from a 172-ton hydraulic press. Wire Rims are the most encountered variety, though in Gem condition they remain an underrated and largely under appreciated by collectors. This piece has the lovely satiny luster seen on High Relief twenties, and the striking details are especially bold. Furthermore, the surfaces are within hailing distance of perfection, there are really no obvious or even observable flaws, the most noticeable ones (upon close examination) are a few slight luster grazes on the devices.
After many month's delays in early to mid-1907, Augustus Saint-Gaudens finally sent models of the new double eagle to President Roosevelt, who in turn sent them to Charles Barber. Reductions were not actually made by Barber, as was once thought, since he was not well versed and familiar with the new Janvier reducing machine. After more months passed and the Ultra High Reliefs were struck, the "regular issue" High Reliefs were put into production. Many who see them declare them to be the most beautiful coins ever struck. This is a lovely, MS65 example that shows full striking definition. The bright, satin-like surfaces have a light, even overlay of natural patina that is most appealing, and there are no obvious or distracting marks on either side. Pop 277; 88 finer (PCGS # 9135) .
Estimated Value $33,000 - 35,000.
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| Realized $41,400 |
