Saint-Gaudens Double Eagles
1909 $20 MS65 PCGS. The Philadelphia Mint struck a smallish production total of 161,282 Saint-Gaudens double eagles in 1909, split between the overdate 1909/8 and the perfect date 1909 issues. The coins were struck early in the year, primarily as currency reserves, and later used to settle accounts in foreign trade. The 1909 is surprisingly difficult to locate in high grade today, despite the discovery of a small hoard by Manfra, Tordella and Brooks in the 1980s. Most of those coins were lower Mint State examples, but their presence in the marketplace has somewhat masked the true rarity of this issue in high grade.
The present coin is a spectacular Gem, with sharply detailed design elements throughout and vivid orange-gold surfaces that show only insignificant signs of contact. Especially vibrant mint luster radiates from both sides, accentuating the terrific eye appeal. Population: 22 in 65 (1 in 65+), 7 finer (7/17).
HID02901242017