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All Posts Tagged With: "Park Avenue Numismatics"

Park Avenue Numismatics Sells Classic Key Date US Gold Coin: 1854-O Double Eagle in AU-55

[CoinLink News] June 10, 2010 – Park Avenue Numismatics is pleased to announce the acquisition and sale of the one of the Finest Known examples of the rare and elusive 1854-O $20 Liberty Type 1 Double Eagle graded AU55 by NGC.

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 (more…)

Park Avenue Numismatics Sells Finest Known 1907 $20 St. Gaudens High Relief

pan_ms69_hr_111809(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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