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SAINT GAUDENS TWENTY DOLLARS OR DOUBLE EAGLE (1907-1933)

1907 Extremely High Relief, Lettered Edge

1907 High Relief

1907 SAINT GAUDENS DOUBLE EAGLE - "HIGH RELIEF"

PCGS No:  
Circulation strikes Mintage: 361,667
Sand Blass Proof Mintage: 2 to 5 (Estimate)
Designer: Augustus Saint-Gaudens, modified later in the year by Charles E. Barber
Diameter: ±34 millimeters
Metal content: Gold - 90%
Other - 10%
Weight: ±516 grains (±33.4 grams)
Edge: Reeded
Mintmark: None (for Philadelphia) above the date

 

Introduction:
The 1907, popularly called "Arabic date" was released by late December, 1907. Not many were saved at the rime of issue, as the MCMVII stole the limelight. In time, Mint State coins became elusive. In die late 20th century that changed when foreign hoards were tapped. The majority of these from hoards were sold to investors, not to numismatists, and thus certification figures, while large, include just a fraction of the pieces in existence. Today the 1907 Arabic date dou¬ble eagle is very common in lower Mint State levels, but at the MS-65 level only a few thousand "exist—a small figure in comparison to the demand for them. Nearly all Mint State coins have good eye appeal and are very lustrous. Grading can be a bugbear for this and other coins of the type, as a coin can have virtually pristine fields, but show rubbing on the higher areas of Miss Libertys figure.


Aspects of Striking:
Sometimes with areas of light striking at the ohverse center. It will take some searching to find a nice one. Often, coins are hrilliant and beautiful, but are blunt in certain details. This was the factor of unsatisfactory dies (corrected in the summer of 1908 by revising certain details) plus die spacing. Cherrypicking is worthwhile. "All 1907 'Arabic date" and all 1908 &o Motto double eagles struck up to about March were 0.012-inch too large in diameter. This was due to the three-segment edge collar "springing" as the coin was struck. Barber fixed the problem. No effort was made to recall the defective coins."'

Proof Die Data and Notes: Apparently made in the normal fashion by taking a carefully struck coin from regular dies, with excellent die detail from striking multiple times on a medal press, and subjecting it to a fine air-driven stream of sand particles.

Number of Appearances: 8 (2%)
Average Grade: Proof Only

Auction Records:

(5) Proof: Auction '80; New England 7/80; Stack's 6/79; Ullmer 1974; Farouk 1954
(3) Unc: ANA 1956; Kern 1950; Bell 1944

Comments:
This remarkable numismatic work-of-art was created by the famed sculptor Augustus Saint-Gaudens at the personal request of President Theodore Roosevelt who wanted to make the nation's coinage more artistic. Although the design concept and drawings were Saint-Gaudens', he was gravely ill in late 1906 and so his assistant, Henry Hering, executed the plaster models for the design and delivered them to the Mint in December, 1906. The Chief Engraver, Charles Barber, flatly stated that it was impossible for any mint to make such a coin. (Barber was extremely unhappy at Saint-Gaudens being commissioned for this task. At that time, it was unthinkable that any outsider would do the Mint's work and Barber was secretly working on his own $20 design.) However, Hering had purposely made the models in extremely high relief "knowing perfectly well they could not stamp it in one strike, my object being to have a die made of this model and then have strikes made in order to see the various results." Hering convinced Barber that experimentation was necessary and Barber finally agreed to make the dies. Hering returned to the Mint in February, 1907 to "see how the experi¬mental model of the first die would work out; so a circular disc of gold was placed in the die and by hydraulic pressure of 172 tons, 1 think it was, we had our first stamping and the impression snowed little more than half the modeling. I had them make a cast of this for my guidance. The coin was again placed in the die for another strike and again it showed a little more of the modeling, and so it went, on and on, until the ninth strike, when the coin showed up in every detail."

The exact number of pieces struck is not known and opinions vary. Adams and Woodin stated that "eighteen pieces are said to have been struck." Howland Wood in an article in the 1909 Numismatist indicated that "thirteen coins were struck." An article in the 1920 Numismatist indicated that 19 pieces were struck, two of which were destroyed in Mint tests. Other estimates have placed the number at 16 or 22. Whatever the actual original mintage, I estimate that approximately 13-15 are known today.

In addition to the estimated 13-15 Lettered Edge Extremely High Reliefs, there is one known specimen with a Plain Edge. This unique coin was part of a set of 1907 and 1908 gold coins (which also included a Lettered Edge Extremely High Relief) that was kept intact for many years until the set was sold by Stack's to New England Rare Coin Galleries in early 1980. NERCG broke up the set and the unique Plain Edge Extremely High Relief was sold to dealer John Dannreuther who subsequently sold the coin to a customer. The Plain Edge specimen was struck from a badly cracked reverse die and, in my opinion, was the very first Extremely High Relief struck.

As a final comment, it should be noted that all the Extremely High Reliefs are proofs. That is obvious both from their appearance and the known circumstances of their striking. The "Unc." auction records below are therefore incorrect and all eight listings (5 Proof, 3 Unc.) are for the same "kind" of coin. (In addition to the records below, there was one other auction appearance of a 1907 Extremely High Relief. That coin appeared in a 1961 Abner Kreisberg-Jerry Cohen Sale.)

See Double Eagle Gold Coins for sale. Click here!

Courtesy Akers: United States Gold Coins - An Analysis of Auction Records
Courtesy Bowers: A Guide Book of Double Eagle Gold Coins




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1907 High Relief - 1907 $20 High Relief - Flat Rim - Saint Gaudens Double Eagle - 1907 Double Eagle
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