The 1907 High Relief Double Eagle – A Rare and Historic Coin Worth $4.32 Million
The 1907 High Relief Double Eagle sculpted by famous artist Augustus Saint-Gaudens is considered as one of the most beautiful coins ever produced by the U.S. Mint. This coin features incredible artistry and has a low-mintage that enhances its collectability. This year, in the month of August, a PR69 coin was auctioned off for an amazing $4.32 million – a timeless testament to its great popularity.
Historical Importance
This coin was commissioned by President Theodore Roosevelt as a part of a series of efforts to increase the artistic quality of American coinage. The coin features a terrific depiction of Lady Liberty striding across the coin with a torch in one hand and an olive branch in the other – enlightenment and peace. The high relief necessitated multiple strikes to attain the details, keeping in mind the artistry; hence, the mass production process was complicated and arduous.
Design Varieties
The 1907 Double Eagle was struck in a number of different types:
Ultra High Relief: Only approximately 20 such coins were made in this style, resulting in their extreme rarity.
High Relief (Wire Rim and Flat Rim): Approximately 12,000 coins were made in high relief, with variations resulting between the wire rim and flat rim types.
Low Relief: Mass production resulting in lowering relief in later issues.
Highlights of Recent Auctions
Continue to draw impressive amounts at auction: 1907 High Relief Double Eagles. Ultra High Relief coins and the rest are especially desirable among collectors due to their rarity.
| Auction Date | Coin Variation | Grade | Auction House | Realized Price |
|---|---|---|---|---|
| August 2023 | High Relief | PR69 | Heritage | $4.32 million |
| January 2024 | High Relief | MS66 | Heritage | $144,000 |
| July 2022 | Rolled Rim | MS66 | Heritage | $810,000 |
Influencing Factors That Dictate Price
Determine the following factors when one cards market value:
Condition (Grade): Coins in higher grades with minimal wear are valued higher.
Relief Type: Ultra High Relief coins are rarer and more desired.
Rim Variation: The Wire Rim and Flat Rim versions are valued differently according to their rarity.
Provenance: Coins valued from world-class collections are often more valuable.
Investment Suggestions
For collectors and investors:
Authenticity: Coins should be certified by a top grading service to ensure authenticity and condition.
Market Trends: Keep abreast of auction results and market activity to ascertain opportunities for good investments.
Storage: Climate control is essential in storing coins to preserve their conditions.
The Distinctiveness of the 1907 High Relief Double Eagle
That was an intersection of art and history. Its significance gives it a great deal of collector and investment interest, leading to its place as a cherished piece of America’s coinage.
conclusion
At first glance, the 1907 High Relief Double Eagle appears to be just a coin, but it is actually something that is much more. It is a phenomenal work of art as well as history and craftsmanship. The coin has a majestic design that was conceived by Augustus Saint-Gaudens, commissioned under the vision of President Theodore Roosevelt to elevate American coinage-and it symbolizes the future of innovation and excellence. This coin’s intricate high-relief design coupled with a limited mintage as well as the historical importance placing it at the top of the list of the most auctioned coins among collectors and investors.
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FAQs
Q.1 What is special about the 1907 High Relief Double Eagle?
A.1 It is the design of Augustus Saint-Gaudens and the very high relief striking process that makes it stand out from all U.S. coins in history.
Q.2 How many 1907 High Relief Double Eagles mint?
A.2 Somewhere in the neighborhood of 12,000 High Relief coinage, including Wire Rim and Flat Rim types, were struck.
Q.3 What is the difference between Ultra High Relief and High Relief versions of the coin?
A.3 Ultra High Relief coins are much more deeply struck and have much more pronounced detail compared to the about 20 striking-rare high reliefs stamped on the surface of the more common high relief editions.
Q.4 Why do some 1907 double eagles end up costing more than others?
A.4 Such features like type of relief, rim variation, provenance, and condition stir up the value of the coin.
Q.5 How do I know that a 1907 High Relief Double Eagle coin is real?
A.5 Buy coins graded by credible grading services and ask informed numismatists.