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Replies: 10 / Views: 1,671 |
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New Member
United States
4 Posts |
Good afternoon, I recently came across a St. Gaudens 1907 gold $20 coin that passed down through the family over the years. Everyone local has only offered me scrap value for it but the more I read into this coin and compare different styles I wonder if there couldn't be more value. The Lettering on the side is "E * I P L U R I B U S * I U N U M * * * * *| * * * * * *"(11 stars total) Below is a link to a photo album containing a few (not so good) photos of the coin. Thank you all for your help ! http://s9.photobucket.com/user/rxdi...udens%20CoinEdited by gilligan412 03/09/2015 1:42 pm
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Rest in Peace
United States
7075 Posts |
 I don't think it matters which way the lettering is oriented. Experts?
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New Member
 United States
4 Posts |
eh bummer, was hoping I had something special! Thanks for the welcome either way though.
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Moderator
 United States
23522 Posts |
Welcome to Coin Community, gilligan412. The question begged here is, "Which direction is 'correct?'"  The answer is, "lettering up when obverse is up" but this wasn't always adhered to. The UHR 1907 Proofs were struck in both orientations too.
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New Member
 United States
4 Posts |
To be honest I'm in way over my head here, I'm not even totally sure if all Gaudens have the side lettering or not. If it was a 1907 proof would it hold much value?
Edited by gilligan412 03/09/2015 2:51 pm
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Moderator
 United States
23522 Posts |
1907, as the first year of issue, was saved in quantity by collectors and as a result is not as expensive as one might think. Yours won't carry a whole lot of premium over melt.
A Proof will cost you a quarter of a million Dollars.
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Valued Member
204 Posts |
The lettering won't tell you if it is a proof really. What do you know about the coin before hand? Any provenance would help a lot.
Taking scrap for the coin is insane by itself though.
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Rest in Peace
United States
4078 Posts |
@hoosiergator. Your quote, Quote: The lettering won't tell you if it is a proof really. What do you know about the coin before hand? Any provenance would help a lot.
Taking scrap for the coin is insane by itself though. CCF is an on-line discussion with the basic goal, "Education is the key to collector success" As a new family member do you think your post would help to learn? 
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New Member
 United States
4 Posts |
I just took it so a PCGS, he offered me $1150and agreed while still a great coin it isn't anything special so I think I'll just go ahead and hang onto it.
As far as history goes I really can't say, and those in my family who could have since passed away. It wouldn't surprise me if it's been in my family since it originally came out, but not much more info or even ideas than that unfortunately.
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Rest in Peace
United States
7075 Posts |
It's a shame you don't know who originally purchased the coin but at least you know a couple of generations (present and previous) had it.
I suppose that in itself makes it have some sentimental value.
Keeping it for the next generation is a great idea.
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Bedrock of the Community
United States
17884 Posts |
Quote: The question begged here is, "Which direction is 'correct?'"
The answer is, "lettering up when obverse is up" but this wasn't always adhered to. I don't know which orientation is correct, but I would expect it to be consistent within a given year. In other words all the business strikes for a given year would be the same orientation. (This wouldn't necessarily have to hold true for proofs as the number of dies needed would be much smaller.) The Saint-Gaudens double eagles were all struck using a spring loaded three piece collar. The only way to invert the edge lettering would be to either invert the hammer and anvil dies or create edge die pieces with the lettering inverted. Both of these possibilities have problems. Having edge die pieces sitting around with two different orientations would run the risk of mismatched pieces being put in the press and result in coins with part of the edge right side up and part upside down. Why risk it? The other option, inverting the hammer and anvil dies has a different problem. The necks of the hammer and anvil dies are different. In order to invert designs you would also have to have some obv dies with hammer necks and some with anvil necks and the same for rev dies. Now when you are setting up the press you have to have an obv and a rev but you have to make sure you have the RIGHT obv and rev dies because you can't strike coins with two hammer or two anvil neck dies. They would need a lot of dies each year for business strikes and why have multiple die types to track. Rather than trying to keep track of the die types, if you wanted to change orientations it would make much more sense to do so between years, not mid year. That way you don't have to keep track, but if you do you can't continue to use the previous years rev dies.
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Replies: 10 / Views: 1,671 |
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