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

1907 High Relief 20th-Century Double Eagle Coin Sells for $4.32 Million in Auction

Perhaps the most spectacular coin ever minted in America, the Augustus Saint-Gaudens designed 1907 High Relief Double Eagle. It is a much loved coin to collectors because of its exceptional artistry and limited number. A PR69 grade coin achieved a stunning millionaire price of $4.32 million (roughly ₹35 crores) at auction in August 2023, making it a real hit and a real deal in the numismatic world.

Historical Significance

To raise the art form of US coinage to a new level, US president Theodore Roosevelt ordered this coin was minted. Lady Liberty is shown Augustus Saint Gaudens design of her — she walks with a torch and olive branch and symbolizes wisdom and peace. Due to the many processes of minting that were involved in the creation of this high relief coin, it proved difficult to strike.

Design Variations

• The 1907 Double Eagle coin had a number of design variations:

Ultra High Relief

• This highly scarce coin was struck about 20 coins in the ultra high relief.

Wire Rim and Flat Rim—High Relief

• In the high relief design approximately 12,000 coins were minted. The difference between the wire rim and the flat rim was found in these coins.

Low Relief

• And then coins were issued later with reduced relief in order to be mass produced.

Recent Auction Highlights

• As always, this coin is a major bling amongst the collectors and investors and its sale at auction continues to draw high prices for the 1907 high relief Double Eagle coin.

Reasons for Coin Pricing

The following are some of the key elements that affect the value of this coin:

• Condition (Grade) : Coins with more value have higher grades; free of gentle wear.
• Relief Type Even : Ultra High Relief coins are even rarer, and thus, more sought after.
• Rim Variation: Wire rim and rolled rim variation coins are rarer and more valuable.

Ownership History

• Some coins, including those in the Harry W. Bass Jr. Collection, are more valuable if the ownership history of a coin is unknown. Investment Tips

Some important tips for collectors and investors:

Authenticity

• Get your coin coins certified by reputable grading services such as PCGS or NGC to assuredly get authenticity of the coin.

Market Trends

• It can get you the auction results to see what actually happened, and the market demand so you’ve got something to base your investment on.

Storage

• A climate controlled environment** is very necessary in order for the coin to be kept in good condition.

Conclusion

The 1907 High Relief Double Eagle coin is one example of the history and art of the American coin. Its value as a historical and artistic treasure has earned it today the status of eager collectors and investors of a precious card. But it has been another milestone after its sale for $4.32 million at auction.

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