LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

3794

1907 $20 High Relief, Flat Rim MS65 NGC. Scholarship i

Currency:USD Category:Coins & Paper Money / US Coins Start Price:26,000.00 USD Estimated At:1.00 - 2.00 USD
1907 $20 High Relief, Flat Rim MS65 NGC. Scholarship i
<B>1907 $20 High Relief, Flat Rim MS65 NGC.</B></I> Scholarship in U.S. numismatics keeps growing at an ever-increasing pace. Just when it seems that there are no more unexplored areas, a new ground-breaking work is published. Recently, two books were published by Roger Burdette with the common title <I>Renaissance of American Coinage.</B></I> One volume covered the period from 1916-1921 and the other 1905-1908. In the latter book, he quotes from a letter from Mint Superintendent Landis to Director Leach dated December 6, 1907, concerning the "problem" of the wire rim or burr on the High Relief twenties.<BR><BR> "I was exceedingly humiliated today to have the Secretary of the Treasury call attention to the excessive burr, or fin, on one of the new double eagle pieces now being distributed.<BR> "I was also surprised to find so many of these defective coins in a bag as I saw in the Treasurer's office here.<BR> I gave explicit orders when in Philadelphia that such coins should not be delivered, and directed the man who seemed to have the coins in charge to see that the same should all be gone over and the bad ones laid aside.<BR> "I wish you to make an investigation and see why my instructions were not carried out, and if there was any negligence or carelessness, who is to blame."<BR><BR> Clearly, mint personnel at the highest levels saw the fin, burr, or as we know it today the "wire rim" as a minting flaw and sought to correct it. It was not seen as an aesthetic addition to the coin and was a source of "humiliation" as Landis indicated. In the hundred years since that time, attitudes of collectors have appreciably changed; and, in fact, it was not long after striking that collectors began to appreciate the difference between the Wire Rim and Flat Rim variants of these beautiful coins. While exact numbers are not known, it was not until December 20, toward the end of the production run for High Reliefs (in December), that Charles Barber and other members of the engraving staff completely eliminated the fin on High Reliefs.<BR> This is a magnificent coin that has velvety surfaces with an even more pronounced satin finish than usually seen on High Relief twenties. The striking details are fully brought up in all areas with full separation between the reverse peripheral lettering and the rim. An exceptional High Relief, and part of a limited run of coins that have an interesting story behind it.<BR><I>From The Freedom Collection.</B></I><BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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