New record set for 1907 ST Gauld

mrbrklyn · Jul 1, 2012

http://www.marketwatch.com/story/ex...eries-baltimore-auction-on-june-29-2012-06-29

IRVINE, Calif., Jun 29, 2012 (BUSINESS WIRE) -- The finest-graded specimen of America's "most beautiful coin," the MCMVII (1907) Proof Ultra High Relief double eagle graded Proof-69 by PCGS, crossed the auction block on the evening of Friday, June 29, 2012, and with the fall of the hammer a record price of $2,760,000 had been won at the Stack's Bowers Galleries Official Auction of the Whitman Coin and Collectibles Expo in Baltimore, Md. Stack's Bowers Galleries is a subsidiary of Spectrum Group International, Inc. (SPGZ.PK) ("SGI").

The coin, minted in 1907, has the date expressed in Roman numerals as MCMVII. It is one of about 20 coins with Ultra High Relief or sculptured detail. The story goes back to President Theodore Roosevelt in 1905 when he employed Augustus Saint-Gaudens, America's most famous sculptor, to redesign the coinage. The artist, working in his studio in Cornish, N.H. (now a National Historic Site), began with the $20 gold double eagle, the largest denomination gold coin.
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New record set for 1907 ST Gauld

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New record set for 1907 ST Gauld

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