Tag: Augustus Saint-Gaudens

1911 Saint Gaudens Double Eagle NGC PR66

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Luscious Proof

In his recent reference on proof U.S. gold, John Dannreuther specifically commented on the color and texture of the 1911 proof twenties:

“The 100 Proof double eagles struck in 1911 have a lighter finish than seen for the 1908 issues. Many 1911 Proofs have a light orange color with shiny sparkles created by a finer sand grain. The matte finish is among the most desired by today’s collectors, so many of these have found their way into type sets. If one has a choice, the lighter color and sparkle found on 1911 Proofs often is preferred over the darker issues of 1908 and 1912 through 1915.” Only 65 to 70 individual pieces are believed to have survived today in all grades.

Offered at $115, 350 delivered

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1912 Saint Gaudens Double Eagle NGC PR65

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Gem

As the various proof finishes offered by the Mint in the early 20th century became increasingly unpopular with the public, production totals dropped accordingly. Only 74 proof Saint-Gaudens double eagles were struck in 1912, using an innovative sandblast process in place of the earlier matte and Roman finishes. The sandblast finish created an even mustard coloration over both sides of the coin, with tiny sparkling facets that can be observed with magnification. This sparkle gives the surfaces a vibrant “life” to balance the deep monochromatic coloration. Unfortunately, the sandblast finish proved just as unpopular as the matte and Roman proofs of earlier years. It is likely that some of the coins went unsold and were melted after the end of the year.

Offered at $84,000 delivered

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1913 Saint Gaudens Double Eagle NGC MS65+

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Just 1 Graded Higher

A relatively modest business-strike mintage of 168,838 Saint-Gaudens double eagles was accomplished at the Philadelphia Mint in 1913. The coins were produced in nine deliveries, spaced throughout the year. Most of the circulation-strike coins were sent to European and Latin American destinations, and Roger W. Burdette estimates about 5,000 examples have been repatriated from overseas sources in recent times. Most examples seen are in lower Mint State grades, with the expected number of bag-marks from rough storage and transport. This is a rare issue at the MS65 grade level, and finer coins are virtually unobtainable. In fact, the one we offer here is the only NGC MS65+, with just one (MS66) example graded higher.

Offered at $41,440 delivered

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1929 Saint Gaudens Double Eagle PCGS MS65

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Saint Rarity

The year 1929 marks a distinct line of demarcation in the Saint-Gaudens double eagle series between common and rare. The 1928 Philadelphia twenty is a well-known and popular type issue that is well-produced and generally available in high grades. On the other hand, each later-date Saint-Gaudens double eagle, beginning with the 1929 and continuing through the series’ end in 1933, is a major rarity. Excluding the uncollectible 1933s, the five issues that usher in the series’ end comprise the 1929, the 1930-S, the 1931 and 1931-D, and the 1932. Of those five issues, the 1929, while still quite rare in an absolute sense, is the most available overall. Most examples of the 1929, however, are confined to the lower Mint State grades, and in Gem and finer condition, the issue takes a sudden leap upward, becoming rarer than the 1931 and 1932 issues. Only six have been graded higher by PCGS.

Offered at $67,200 delivered

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1914 Saint Gaudens Double Eagle PCGS MS65+

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One of the Very Finest

The 1914 is a relatively low-mintage issue, boasting a production total of only 95,250 coins. These were produced chiefly for the purpose of backing gold certificates being issued for circulation. Most surviving coins, repatriated from overseas, are extensively bag-marked from repeated moving and jostling in bags. In Saint-Gaudens Double Eagles, Roger Burdette reasons that most of the high-grade survivors known today came from the same few bags that received less movement throughout their life. A few high-grade pieces may also trace their origins to collectors who acquired them directly from the Mint Cashier in the United States. The one offered here boasts clean surfaces with a satin-like texture. Only 8 have been graded higher by PCGS.

Offered at $30,475 delivered

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1907 Wire Edge High Relief Double Eagle PCGS MS66

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A Gorgeous One

The 1907 High Reliefs are generally acknowledged as THE most beautifully designed circulation strike U.S. coins. They were the result of collaboration between sculptor Augustus Saint-Gaudens (who was encouraged to develop the design by President Theodore Roosevelt) and Chief Engraver Charles Barber of the Philadelphia Mint.  Each coin required three blows from the 150-ton medal press to completely bring up the design, and the planchets had to be annealed between each blow. The average time needed to strike each individual coin was 12 minutes, clearly too slow to strike any large number of coins. By running three medal presses simultaneously and scheduling numerous overtime shifts, the Mint was able to produce a reported 12,367 pieces, before production ceased in early January, enough to satisfy Roosevelt’s desire to showcase the new design to the world.

Offered at $66,125 delivered

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1924-S Saint Gaudens Double Eagle NGC MS65

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Major Rarity

Despite a large original mintage, the 1924-S Saint-Gaudens double eagle is scarce in all grades in today’s market, and Gems are major rarities. Most of the mintage was melted after the Gold Recall of 1933, rendering the official production figures irrelevant. Fortunately for present-day collectors, a number of coins were discovered in European banks, beginning in the 1950s, causing this and many other Saint dates to become more available. On the other hand, when collectors seek an MS65 example, they find the situation has changed little from the early days of the 1940s. That is because coins found in European holdings were subjected to the rigors of transport and storage with other large gold coins and few escaped without significant surface marks. The NGC population is just 19 with 2 higher.

Offered at $66,000 delivered

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1907 High Relief Double Eagle NGC PR65+

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Gem Proof

No official records have surfaced to document the striking of Proof High Reliefs.  However, David Akers, and many other numismatists have gone on record as believing a small number were struck, and NGC has certified some with specific die characteristics, as proofs (PCGS does not recognize the existence of proof High Reliefs at this time). According to Scott Schechter/NGC: The coins exhibit crisp strikes and distinctive satin surfaces, with heavy, swirling die polish lines, and are struck from the earliest state of one specific die pair. The most easily recognized feature is the edge lettering, as all proofs were struck using the same collar used to strike the Ultra High Relief double eagles, with a raised collar-segment line between the S in PLURIBUS and a star.

Offered at $61,500 delivered

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1911 Saint Gaudens Double Eagle PCGS MS65+

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Satiny Sashaying Saint

The 1911 claims one of the few mintages of less than 200,000 coins, but the story of its availability is similar to that of other issues in the series. Most examples were exported to European markets, either directly from New York to London or through Ottawa, Canada. Those pieces that avoided melting overseas were subjected to rough handling, explaining why nearly all 1911 double eagles are found in MS64 or lower condition. Gems such as this, are scarce. The PCGS population is only 14 with 19 higher. Listed at $21,500 in the PCGS price guide.

Offered at $18,975 delivered

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