One of America’s largest coins, the 1907 Saint-Gaudens Ultra High Relief, won a record $ 4.75 million in a private transaction between GreatCollections Coin Auctions of Irvine, California and Heritage Auctions of Dallas, Texas. Dollar changed.
1907 Saint-Gaudens Ultra High Relief PCGS Proof-68 CAC
The 1907 Saint-Gaudens Ultra High Relief PCGS Proof-68 CAC is one of the best known examples and was last shown in a Heritage auction in 2007, where it fetched $ 1.84 million.
“After our exhibition of the legendary Saint-Gauden from 1933 at the ANA in August, we were looking for an excellent Ultra High Relief for the same owner as the Saint-Gauden from 1933. Twenty years ago he had set himself the goal of these two Owning coins. ” and today he made his dream come true, “said Ian Russell, President of GreatCollections, after purchasing the coin from Heritage.
The coin belonged to Bob R. Simpson, founder of XTO Energy and owner of Texas Rangers, who bought it for $ 1.84 million in 2007. Prior to Mr. Simpson’s possession, his family tree includes the famous collections of JF Bell and Col. EHR Green.
“The Ultra High Relief is really one of the most impressive rarities in numismatics, most of the specimens are in the cabinets of longstanding collectors. We are grateful to Mr. Simpson for giving us the opportunity to handle this treasure hands-free and to Ian for making the transaction a smooth one, “said Todd Imhof, Executive Vice President, Heritage.
The edition of the Ultra High Relief was not available to the general public or numismatists at the time, and almost all known examples can be directly traced back to President Theodore Roosevelt or chief engraver Charles Barber. In 1905 President Roosevelt had the vision of creating iconic coinage for the United States and hired Augustus Saint-Gaudens, a renowned sculptor.
Less than 20 of the Ultra High Relief or Extremely High Relief were minted and it is estimated that there are only 13-15 today. In addition to the Ultra High Relief, a High Relief version was also released in 1907, which is hugely popular with collectors and routinely sells for $ 20,000 to $ 40,000 in low to medium runs. From 1907 to 1933 a regular bas-relief edition was used for all Double Eagles (20 gold pieces).
2021 was a record year for sales at both Heritage Auctions and GreatCollections, with increased demand for almost all areas of numismatics and other collectibles.
GreatCollections was also the winner for the two most valuable coins at Heritage’s ANA auction in August: the 1794 Silver Dollar PCGS MS-66 + CAC, which fetched $ 6.6 million, and the best of two known Paquet Gold Double Eagles from 1861, which fetched $ 7.2 million – both all-time records and in the top 10 auction prices for rare coins.
GreatCollections Coin Auctions is a specialized certified coin and banknote auction house that handles transactions from start to finish. Since its inception in 2010, GreatCollections has successfully auctioned over 970,000 certified coins, making it one of the leading certified coin companies in the United States with total sales estimated at $ 225 million in 2021. Ian Russell, Owner / President of GreatCollections, is a member of the renowned Professional Numismatists Guild and a member of the National Auctioneers Association. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.
Heritage Auctions is the largest numismatic art and collectibles auction house established in the United States and the world’s largest collectible auction house with 1,500,000 registered bidding members and annual auction sales of over $ 1 billion (plus additional private sales excluding gold bars of over $ 350 million). ). Heritage has offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong. For more information, visit HA.com or contact us at 1-800-872-6467.
Article Source : https://www.coinnews.net/2021/12/14/1907-uhr-gold-coin-realizes-4-75m-in-transaction-between-greatcollections-and-heritage-auctions/