The coin, worth an estimated $650,000, was sold to a Collector attempting to complete a set of $20 Liberty Head Double Eagles. This 1854-O, Green says, “was sold to a client as an upgrade to his complete set.” Green has “handled two other 1854-O deals with him over the past decade. Moreover, his set is fast becoming one of the finest complete $20 gold sets known.” If it were registered, “it would compete with the best sets out there,” Bob declares.

“We are fortunate to be able to handle major rarities such as this and our clients’ rely upon us to continue to aggressively pursue and locate key date gold coins and assist them in completing sets and series, stated Bob Green, President of Park Avenue Numismatics.

“This example was fresh to the market and when it surfaced I went after the coin without hesitation,” Green continued. “This is the finest I’ve seen.”

Of the 3,250 originally minted only 4 have been graded AU55 by NGC with only 2 graded finer in AU58. The 1854-O Liberty Double Eagle is one of the most important rarities in U.S. numismatics and is the second rarest New Orleans Mint Double Eagle (Only behind the 1856-O) .

There are no 1854-O Double Eagles that grade MS-60 or higher, with only a handful of AU specimens available. As such demand for properly graded 54-O’s is intense according to Green. The coin is listed as one of the TOP 100 Greatest US Coins.

Park Avenue Numismatics, a Miami based rare coin firm established in 1987, specializes in Ultra Rarities, and has handled this date before including examples grading V35, XF45, AU50 and AU53 in the past decade. “Collectors contact us regularly with Key Date gold coins because of our stellar reputation in this specialized area of the market,” Green continued. Other numismatic rarities acquired recently include a 1907 $10 Indian MS67 NGC, and a collection of Pre-1908 MS68 United Stated gold coins

Interested collectors and investors of rare date gold can contact Park Avenue Numismatics Monday through Friday 9am-5pm EST via toll free 800-992-9881. Website www.parkavenumis.com offers more than 3,000 PCGS and NGC certified coins and a wide variety of gold bullion products on-line

Related posts:

1. Park Avenue Numismatics Acquires Key Date 1870-CC $20 Liberty
2. Park Avenue Numismatics Sells Finest Known 1907 $20 St. Gaudens High Relief
3. Astonishing 1907 Denver Mint Double Eagle ($20 gold coin) Sells for More Than a Half Million Dollars

“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.”

The High Relief Wire Rim example offered is a supremely preserved, satiny gem of this highly regarded Saint-Gaudens issue. The execution of this design in high relief has, to date, been the ultimate achievement of the coiner’s art–a fact widely recognized and reflected in the price of these coins.

The design elements on this coin are very well defined, indeed better that what might be expected for the issue. Despite multiple blows, the typical High Relief Wire Rim specimen may display weakness on the stars, on the Liberty and eagle motifs, and the on the tops of the letters. The present coin reveals strong definition in most of these areas. Only small portions of the Capitol building and the eagle’s wing feathers exhibit minor softness. A pleasing yellow-gold patina bathes each side, both of which have managed to escape any signs of post-striking impairments, and the radiant, satiny luster has a gleam that is unique to High Reliefs. The overall effect is one of originality and three-dimensionality, giving this spectacular piece more of a look of a medal than a circulating coin. A minute alloy spot beneath the eagle’s neck identifies the coin.

The Wire Rim feature is uncharacteristically present around virtually the entire obverse, and around a good portion of the reverse. Population: 1 in 69, 0 finer (10/2009). Ex: Trompeter Collection; Morse Collection Pedigree

Park Avenue Numismatics, a Miami based rare coin firm specializing in Ultra Rarities, has handled this date before. “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-5est 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

Related posts:

1. Park Avenue Numismatics Sells Classic Key Date US Gold Coin: 1854-O Double Eagle in AU-55
2. Finest Known PCGS PR-69 Ultra High Relief $20 Saint Gaudens Gold Coin to be Exhibited at Santa Clara Expo
3. Park Avenue Numismatics Acquires Key Date 1870-CC $20 Liberty

“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

Related posts:

1. Park Avenue Numismatics Sells Classic Key Date US Gold Coin: 1854-O Double Eagle in AU-55
2. Park Avenue Numismatics Sells Finest Known 1907 $20 St. Gaudens High Relief
3. Unique PCGS-Certified 1870-S Sold by Legend Numismatics in Half Dime Deal