(Miami Beach, FL)- November 18 2009, Park Avenue Numismatics has sold the Finest Known example of the 1907 $20 St. Gaudens High Relief Wire Rim graded MS69 PCGS with CAC (Certified Acceptance Corporation) approval for more that $600,000.

“Arguably the most desired of all $20 US gold coins, this Gem was the most incredible High Relief I’ve ever seen in my 25 years as a rare coin dealer ” said Bob Green, President of Park Avenue Numismatics.” It holds a place in numismatic history with a Pedigree to the famous Ed Trompeter collection. We are pleased to have been part of that history” stated Green.

Park Avenue Numismatics has bought and sold many of the rarest $20 St. Gaudens Double Eagles over the last two decades and was awarded recognition by PCGS (Professional Coin Grading Service) for assembling the Finest Know complete set of St. Gaudens, including the scarce 1927-D in 2005.

1907 $20 High Relief, Wire Rim MS69 PCGS. This issue was a revision of Saint-Gaudens’ Ultra High Relief double eagle, as the latter proved impractical for circulation strikes because it required seven blows from a 150-ton medal press to fully articulate the design. The “High Relief” could be struck after just three blows of the medal press. Over 12,000 High Relief twenties were struck by the end of December, 1907.

A so called “Wire Rim” protruded around the outer extremity in the coins, which resulted from excessive metal flow between the die face and collar during the striking process. Unlike today’s collectors who consider the Wire Rim to be a highly collectible variety, Mint officials considered it to be a striking deficiency. This “flaw” in the striking process was corrected around mid-December, and subsequent High Relief double eagles possessed what became known as a “Flat Rim.”
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July 1, 2008 Miami Beach, FL – Park Avenue Numismatics has acquired an rare key date 1870-CC $20 Liberty Type 2 Double Eagle graded XF45 by NGC.

“As one of the top dealers of Carson Gold coinage we are fortunate to handle major rarities such as this. Our client’s rely upon us to continue to aggressively pursue and locate key date gold coins to assist them in completing sets and series, stated Bob Green, President of Park Avenue Numismatics.

Given the recent auction price realized of $299,000 for an XF40 example at Stack’s in June 2008, this XF45 coin would a make an outstanding acquisition for any collection of Double Eagle or Carson City Set!” The company currently has an asking price of $375,000

Editors Note - Park Ave Numismatics is well acquainted with handing this particularly rare date. In 2007 Bob Green was the subject of a CoinLink article on the 1870-CC $20 titled The Queen of Carson City Gold by Greg Reynolds.

Park Avenue Numismatics, a Miami based rare coin firm specializing in Ultra Rarities, has handled this date before including a several VF30 NGC examples, two examples in AU50 PCGS, and two examples in AU53 NGC in the past several years. “Collectors contact us regularly with Key Date gold coins because of our stellar reputation in this specialized area of the market,” Green continued.

Interested sellers of rare date gold can contact the firm Monday through Friday 9am-5pm EST The buying department of Park Avenue Numismatics can be reached via toll free 800-992-9881. Website www.parkavenumis.com offers more than 3,000 PCGS and NGC certified coins on-line