The 1907 Saint-Gaudens Double Eagle is widely regarded as one of the most beautiful and iconic gold coins in U.S. history. Designed by Augustus Saint-Gaudens, this coin was a groundbreaking piece in both artistic and numismatic circles. The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim, in particular, holds a special place in the hearts of collectors due to its striking design, technical challenges, and limited mintage. In this guide, we will explore the features, history, and value of this coveted coin.
Historical Context
The 1907 Saint-Gaudens Double Eagle was minted in two distinct versions: the high relief version and the low relief version. The high relief version, which is the focus of this guide, was initially produced with a “wire rim” – a raised edge that is easily identifiable by its sharp contour. While this design was deemed aesthetically superior, it proved difficult to strike due to the intricate details, leading to a quick transition to a lower relief version in 1908.
Design Features
The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim is a masterclass in design. The coin features two primary design elements that set it apart from other U.S. gold coins:
- Obverse: The obverse (front) shows Lady Liberty in full stride, holding a torch in one hand and an olive branch in the other, symbolizing enlightenment and peace. The sun rises behind her, further enhancing the dramatic effect of the design. The word “LIBERTY” arcs across the top, with the year “1907” prominently displayed below.
- Reverse: The reverse (back) features a soaring eagle, symbolizing freedom, with “UNITED STATES OF AMERICA” inscribed above. The denomination “TWENTY DOLLARS” is found at the bottom, with the Latin motto E PLURIBUS UNUM (“Out of Many, One”) included near the eagle’s wings.
The high relief version of the coin is especially notable for its three-dimensional depth and intricate detailing, making it a visually striking piece. The wire rim on this version is an additional defining feature, as it was intended to help the coin achieve a higher degree of relief during the minting process.
Minting Challenges
The high relief design of the 1907 Saint-Gaudens Double Eagle posed significant technical challenges. The intricate details of the design, combined with the thickness of the coin, made it difficult to strike properly using traditional minting techniques. In order to achieve the desired level of relief, the coin required multiple strikes, which were time-consuming and often resulted in uneven quality.
Value and Collectibility
The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim is one of the most valuable coins in U.S. numismatics. The rarity of this coin, combined with its historical significance and exceptional design, has driven its value to impressive heights.
- Minting Figures: Only around 12,367 of the high relief wire rim coins were produced in 1907, and many of them were either melted down or heavily worn through circulation. As a result, surviving examples in high grades are exceedingly rare.
- Value: The value of the 1907 Saint-Gaudens Double Eagle High Relief Wire Rim can vary significantly depending on the coin’s grade and condition. In lower grades, prices may start at around $20,000, while coins in higher grades (such as MS64 or MS65) can fetch upwards of $100,000 or more at auction.
- Condition Matters: Due to the high relief and intricate design, finding examples of this coin in high-quality condition is extremely rare. Coins with sharp details and minimal wear are highly prized, and collectors are willing to pay a premium for well-preserved specimens.
Conclusion
The 1907 Saint-Gaudens Double Eagle High Relief Wire Rim is more than just a coin – it’s a work of art and a piece of U.S. history. Its stunning design, limited mintage, and technical challenges make it one of the most coveted coins among collectors and investors alike.
FAQs
1. Why is the 1907 Saint-Gaudens Double Eagle High Relief Wire Rim so valuable?
Its high relief design, wire rim, and limited mintage make the coin exceptionally rare and highly desirable among collectors.
2. How many 1907 High Relief Wire Rim Double Eagles were minted?
Approximately 12,367 coins were struck in 1907 before the design was changed to a lower relief version.
3. What is the difference between the high relief and low relief versions of the 1907 Double Eagle?
The high relief version features deeper design elements and a wire rim, while the low relief version has a flatter design and no wire rim. The high relief version is much rarer and more valuable.