The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim coin stands as a masterpiece in American numismatics, celebrated for its intricate design and historical significance. Crafted by renowned sculptor Augustus Saint-Gaudens, this $20 gold piece is a coveted treasure among collectors.
Historical Context
In the early 20th century, President Theodore Roosevelt sought to revitalize U.S. coinage, aiming for designs that reflected the nation’s grandeur. He commissioned Augustus Saint-Gaudens to redesign the $20 gold piece, resulting in the High Relief Double Eagle.
However, the coin’s high-relief design posed production challenges, requiring multiple strikes to achieve the desired detail. This complexity led to the creation of the Wire Rim variety, characterized by a thin, raised edge around the coin.
Design Features
- Obverse: Depicts Lady Liberty striding forward, holding a torch and olive branch, symbolizing enlightenment and peace. The Capitol building is faintly visible in the background, with rays of the sun emanating behind.
- Reverse: Features a majestic eagle in flight above a rising sun, encapsulating the nation’s spirit and aspirations.
Mintage and Specifications
| Year | Mint | Mintage | Composition | Diameter | Weight |
|---|---|---|---|---|---|
| 1907 | Philadelphia | Approximately 12,367 | 90% Gold, 10% Copper | 34 mm | 33.436 grams |
Value and Rarity
The 1907 High Relief Wire Rim Double Eagle is highly sought after, with values varying based on condition:
| Grade | Estimated Value (USD) |
|---|---|
| MS-60 | $15,000 – $20,000 |
| MS-65 | $30,000 – $40,000 |
| MS-69 | Up to $2.5 million |
Values are approximate and subject to market fluctuations.
Collecting Tips
- Authentication: Due to the prevalence of counterfeits, especially concerning error coins, it’s crucial to have valuable specimens authenticated by reputable grading services.
- Condition Matters: Coins in higher grades (e.g., Mint State) are more desirable. Proper storage in protective holders can help maintain a coin’s condition.
- Stay Informed: Regularly consult updated numismatic guides and auction results to stay abreast of current market trends and valuations.
Conclusion
The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim coin embodies a blend of artistic excellence and historical significance. Its intricate design and limited mintage make it a centerpiece in any numismatic collection.
For collectors and investors alike, this coin offers a tangible connection to a transformative era in American coinage.
FAQs
1. What distinguishes the Wire Rim variety from the Flat Rim?
The Wire Rim features a thin, raised edge around the coin, resulting from the high-pressure striking process. In contrast, the Flat Rim lacks this raised edge.
2. Why was the High Relief design discontinued?
The High Relief design required multiple strikes to achieve the desired detail, making mass production impractical. This led to the adoption of a lower relief design for subsequent issues.
3. How can I verify the authenticity of a 1907 High Relief Double Eagle?
Consult reputable grading services like PCGS or NGC for authentication and grading. Be cautious of counterfeits and seek expert opinions when in doubt.
4. Are there modern reproductions of this coin?
Yes, the U.S. Mint released an Ultra High Relief Double Eagle in 2009, inspired by the original 1907 design.
5. What factors influence the coin’s value?
Condition, rarity, historical significance, and market demand are primary factors affecting the coin’s value. Provenance and unique features can also play a role.
