LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3364

1909 $20 MS66 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:65,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1909 $20 MS66 PCGS
<B>1909 $20 MS66 PCGS.</B></I> The 1909 Saint-Gaudens double eagle is a conditionally scarce issue that was not fully recognized as such for many years. This scarcity was modified somewhat by the discovery of a hoard of several hundred pieces in the early 1980s. That hoard made lower grade Uncirculated coins available, but Choice Uncirculated and finer examples remain elusive. The total mintage of the 1909 was a mere 161,282 pieces. This mintage figure was apparently almost equally divided between examples of the 1909/8 overdate variety and coins struck from "perfect" dies, like the currently offered Premium Gem. Thus, the mintage of the 1909 non-overdate issue should perhaps be reported as (approximately) 80,000 coins.<BR> The devices are sharply struck throughout, and the variegated peach and orange-gold coloration is also imbued with tinges of pale green. Each side is awash in softly frosted luster. Rarely are these large gold coins found with such minimally marked surfaces. This specimen is individually identifiable by three minuscule abrasions in the right obverse field, below Liberty's arm. Other than a nick in the lower left obverse field, and slight stacking friction on the upper half of the sun, no other potential pedigree markers are observed on either side. The combined NGC and PCGS population figures show a total of 10 pieces graded at MS66 (some of these are likely resubmissions), and, significantly, none are certified any finer at either service (11/07). <BR><I>From The Jacob Collection of Saint-Gaudens Double Eagles.</B></I><BR><BR><B>Coin Engraver:</B> Augustus Saint-Gaudens<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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