LOT Old Heritage Auctions  /  2007 Signature Coin - Charlotte, NC #434  / 

2397

1909 $20 MS65 PCGS. A quick examination of the PCGS po

Currency:USD Category:Coins & Paper Money / US Coins Start Price:16,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1909 $20 MS65 PCGS. A quick examination of the PCGS po
<B>1909 $20 MS65 PCGS.</B></I> A quick examination of the PCGS population data reveals an interesting phenomenon: While most of the Mint State 1909 Saint-Gaudens pieces are the normal date variety, most of the circulated coins are the 1909/8 overdate variant. Since the overdate was created by a hubbing error, it is obvious that the coins produced from that hub somehow or other ended up mostly in circulation. (An article by Edgar H. Adams in the May-June 1910 issue of <I>The Numismatist</B></I> posited that the die was reengraved as an economic move.) Whether they were produced earlier or later than the normal date pieces is a matter of conjecture, but they were likely produced earlier due to the presence of a 1908-dated hub. Bowers' <I>A Guide Book of Double Eagles</B></I> estimates that perhaps 40% to 50% of the total mintage of 161,282 business strikes were the overdate variety.<BR> Because the overdate coin is the only one in the Saint-Gaudens double eagle series, it has long overshadowed the normal date 1909, which is nonetheless a rare coin in its own right, especially in the higher Mint State grades. In Gem condition, the grade of the present example, PCGS has certified 21 pieces counting the inevitable duplications, with five pieces finer (3/07). The present Gem specimen offers a strong strike literally "from head to toe" on the figure of Liberty, complementing superior orange-gold surfaces that show remarkably few contact marks on either side. Satiny mint luster and loads of eye appeal complete the package.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot