Rare 1907 High Relief Double Eagle Fetches $4.32 Million at Auction

Rare 1907 High Relief Double Eagle: His work was moved from Second Avenue to Park Avenue where it was sold for $4.32 Million at Auction.

Introduction

Well known for American coinage, the 1907 High Relief Double Eagle, designed by noted sculptor Augustus Saint Gaudens ranks as one of the most beautiful examples of American coinage. Artwork that is simply exquisite and limited minting makes it one that collectors are seeking after. In any case, this coin continued to get graded as highly desirable until August 2023 when a PR69 special edition sold at auction for an astounding $4.32 million showing it has staying power.

Historical Significance

The 1907 Double Eagle was made per the instructions of President Theodore Roosevelt, who wanted to add a new touch of art in the art of American coins. Saint-Gaudens design depicts Lady Liberty striding forward with a torch and olive branch in her hand (t he torch stood as symbol for wisdom and peace). Also challenging to the coin’s production was the fact that the high relief design required multiple strikings to actually engrave the coin.

Design Variants

There are different design variations of the 1907 Double Eagle available:

1. Ultra High Relief: Fewer than 20 coins were made in this design which makes them extremely rare.
2. High Relief (Wire Rim and Flat Rim): Typ: High relief; wire rim; flat rim, about 12,000 coins were struck.
3. Low Relief: When designed for mass production, the low relief design was chosen.

Recent Auction Highlights

At auctions, the 1907 High Relief Double Eagle sells into the attractive market. A version of this coin has recently been sold for $4,320,000, an indication of just how historical and artistic its value is.

Key Pricing Factors

There are a few key factors that affect the price of this coin:

1. Condition (Grade): Better grade coins with smaller amounts of wear on them command more value.
2. Type of Relief: Ultra High Relief designs are more expensive, as they’ re rarer.
3. Type of Rim: Wire Rim and Flat Rim have different values other than their rarity.
4. Provenance: Coins that are part of the well known Harry W. Bass Jr. Collection often sell for more than others.

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

Investment Considerations

If you are thinking of investing in a coin like this, keep in mind:

1. Ensure Authenticity: Have a genuine grading service like PCGS or NGC to verify to which degree the coin is real and graded.
2. Keep an eye on market trends: This is helpful in making decisions on investment.
3. Storage conditions: Maintain coins in a well controlled temperature environment.

Conclusion

The Highest Relief Double Eagle is the top of the coin and art world. Its design is unique, and it is historical, which makes it attractive to the collector and investor. This coin is an important part of the history of American coins and sold at auction for $4.32 million.

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