SOLD
37,500.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2007 Mar 16 @ 23:28UTC-5 : EST/CDT
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<B>1907 $20 High Relief, Flat Rim MS65 PCGS.</B></I> A gorgeous Gem that exhibits satiny yellow-gold luster with full mint brilliance, slightly brighter in appearance on the reverse. The surfaces on both sides of this beauty are remarkably fine, with only a few minuscule marks and a single tiny luster graze in the right obverse field. The strike is sharp with nearly full design definition. Both sides have extensive, swirling die polish lines as always seen.<BR> Although Saint-Gaudens created a wonderful design, it was not practical, as each coin took 12 minutes to produce. It was necessary to use the 150-ton medal press to strike these coins, and then only with three blows. The coin had to be annealed between each strike, a time consuming process. Using a single press, striking one coin at a time, it would have taken nearly four months to produce the 12,867 coins that were minted. The actual production time was not nearly so long, thus there was apparently some opportunity to batch different parts of the process, in addition to the use of multiple coin presses.<BR> The scarcity and beauty of these coins was obviously recognized from the start, and they brought a 25 to 50% premium over face value almost from the start. While the premium dropped to just one or two dollars over face value by the 1920s, it only remained at that level for a short time. Some pieces may have been spent as money became scarce during the depression. Obviously, many others were carefully preserved, much like this piece that is nearly as perfect as the date it was made.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Auction Location:
501 S. College St., Charlotte, North Carolina, United States
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