My 1907 High Relief Saint with interesting provenance
mcarney1173
Posts: 900 ✭✭✭✭✭
At the end of 2022 I had made significant progress with my U.S. gold type set. When I started the set two years ago my goal was to seek out slightly better dates of each series. I was even willing to sacrifice a grade or two and pay a higher price for a date with lower survival/higher rarity. For instance, I selected an 1895-S $20 rather than a common 1904 or 1907. I selected a 1912 $10 rather than the common 1926 or 1932. I eventually came to the realization that the better dates/semi-keys/and key dates are better left to the specialists and those with deep pockets who strive to complete an entire set by date and mintmark. Also, it puzzled me that a coin with 1/10th of the survival rate of a common coin does not sell for 10 times as much.
This uncertainty about the set I was assembling happened right around the time that I stumbled upon a coin that I had always wanted in my collection: the 1907 High Relief $20 Saint. Even better, the coin I crossed paths with was extremely high quality for the grade and came with a interesting provenance.
The coin has been stored in the metal tin shown below for at least 100 years. The writing on the tin reads: “Mervyn Jr. July 12, 1920 at birth” and “From Aunt Marie[?] and Uncle Lew to our baby Mervyn Jr. July 12, 1920”. A local shop purchased this coin along with its metal tin which ultimately received the grade of AU58 and CAC approval.
As evidenced by the photos below, I believe this to be one of the nicest AU58 HR Saints that I have ever seen. There is slight rub on the high points but virtually no marks or hairlines in the fields often found on these coins. This particular coin has much better eye appeal than many 61s and 62s that I have encountered online.
Ultimately, this premium quality coin and its interesting backstory resulted in trading in my entire gold type set of slightly better date coins. I am happy with the decision and look forward to re-building the type set focusing on the highest grades I can afford.
I have shared this coin on other threads but thought it’s story would be worthy of its own post.
Comments
Very nice. I hope to find an AU58CAC like that some day. It will be the last Saint I buy (well maybe
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This is my favorite of all the gold pieces. Yours is a beauty for sure.
Congratulations!!!
Donato
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Great piece with a story. I love coins like this. Congrats
RIP Mom- 1932-2012
Wow, what a smart choice and great value. Beautiful coin.
Aunt Marie? and Uncle Lew must have been fairly well off as $20.00 was a fair sum at that time.
AU65
Really sharp looking.
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I really like a coin with a good story behind it.
Thanks for sharing! I like the eye appeal!
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58cac is my favorite grade for an HR, and that is a wonderful example with a cool backstory. Congrats, and thanks for sharing!
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Very nice coin and one of those instances where I'd much rather have a distraction free AU coin versus a MS coin that is marked up. Also enjoyed that back story. All I got at birth was a slap on the butt
Definitely worthy of its own post. Congratulations!
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That coin is drop-dead gorgeous and really enhanced by the accompanying materials. What a great way to purpose your type set.
Beautiful coin- and I love a good coin story- and fortunately you still have the tin to go with the coin!
Nice one!
That was a hell of a nice birthday gift. Great coin and back story.
Super coin and a great story.
The coloration on your coin is spectacular. I want to find some tin enclosures for coins I leave for my great-great grandchildren. with a message too. Very special.
OINK
Thank you OP.
I commented on how much I loved this coin on another thread.
I couldn’t figure what knocked it out of MS territory. But I’ve only purchased one Saint in my life, and it was just a generic off eBay.
So I really don’t know how they grade.
I would absolutely love to have one like yours.
Smart purchase.
Since you are interested in the provenance, and I am an amateur genealogist,
I was tempted to find the identity of Mervyn Jr, as well as his Aunt Minnie and Uncle Lew.
Given his exact birth date and all these names, it was not that hard to find.
Mervyn Jr = Mervyn Sluizer Jr 1920-2000 .
Mervyn Sr = Mervyn Sluizer Sr 1893-1950.
Aunt Minnie = Minnie Sluizer Abrahams 1868-1949 (aunt of Mervyn Sr)
Uncle Lew = Lewis Abrahams 1865-1942 (uncle of Mervyn Sr)
Lewis Abrahams' occupation in the 1900 Census was "Superintendent".
In 1920, Minnie was in Philadelphia, but Lewis was apparently in Stamford, CT, an "inmate" -
possibly a tuberculosis sanatarium?
In 1930, Lewis and Minnie were back living together in Philadelphia.
You would probably not be surprised to learn that Mervyn Jr was born in Philadelphia, home of the US Mint.
He became a Chemical Engineer.
https://brotmanblog.com/2014/07/13/elizabeth-cohens-descendants-the-story-continued/
https://www.familysearch.org/tree/person/details/GVHB-3Q5
Great coin, thanks for sharing!
The price is not 10 times as much because the number of collectors who are working on complete sets of gold coins is very small. Therefore the rare or scarce dates don't get demand that is proportional to their rarity.
I completed a set of Type I and Type II gold dollars. I hit the wall with the Type IIIs because of the 1856-D, 1861-D and 1875 among others. I did complete a "short set," the 1880 though 1889. Many of those coins are very beautiful and available in high grade. I got lucky and bought some of them when the grading was very tight.
What a beautiful gold coin.... and the accompanying tin is a nice touch. Now you can add the genealogical history provided above by @yosclimber. Great acquisition. Cheers, RickO
@yosclimber , this is fascinating information. Thank you for taking the time to research this family. I will definitely be printing out some of this history to make sure this story stays well documented. It is worth noting that I live outside of Philadelphia and suspect that this coin has never left Philadelphia and its suburbs since it was produced (with the exception of a short trip to PCGS and CAC). The coin shop I purchased this coin from (also near Philadelphia) acquired the piece in the metal tin pictured in my original post. Obviously this coin was very much appreciated and well taken care of as it will continue to be for the long distant future.
My PCGS Set Registry Profile
I find it interesting that a 1907 coin was given in 1920. And then it's a High Relief Wire Edge that was issued for normal circulation and ended up being graded AU58.
The back story is the high relief made the coin impossible to stack properly and thus was unpopular and unsuitable for commercial purposes. Many received their wear from being used as jewelry or pocket pieces rather than from commercial use.
Was the metal tin anything special?
Congrats on this pickip, I'm glad you went for it! This is a super nice Saint. I think you made a great decision.
My Gold Type Set
@yosclimber , your detective work is absolutely fascinating, especially the amazing lengthy details and photo. I tried to give your reply 10 “Likes”, but the system only allows for one, lol.
With all of the detailed information you found, I’m surprised you didn’t come across someone’s underwear size, lol.
GREAT reply, something that adds tremendously to the fascinating OP! Thanks!
Steve
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https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
What an amazing story and coin. Congrats on being it's caretaker.
That is an exceptional Double Eagle! I would eat ramen for months, probably years, to secure one just like that one.
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Actually, not that surprising. They probably wanted to give their great-nephew a coin that was special and the MCMVII HRs were always considered special at that time. By 1920, the premium from the run-up in 1907 had long faded and you could get a nice MCMVII HR for $22 or less.
The High Reliefs were very well preserved....very few people got one intending to spend it or put it in circulation. In fact, the price spiked during 1907 to as much as $35 for pristine coins.
I guess the other option would have been to get a 1920 Saint, the year of his birth.
@mcarney1173 This coin is really nice for the grade. The story makes it even cooler! Congrats!!
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
beautiful coin, congrats and great strategy! To my eye I prefer clean AU58s over low grade MS coins with all the chatter. If you ever go another direction I'll be waiting
You have excellent perspective relative to AU58 vs. low grade MS. AU grade should extend to at least AU64 to accurately represent actual coin condition.
OINK
This is the type of stuff that makes coin collecting really interesting! I was going to do the genealogy, but others beat me to it. That is just a drop dead gorgeous coin, and it's value is almost as much as my entire V nickel collection! LOL
Thank you for sharing the photos and story!
I think MS-63's are close enough, certainly if they CAC. Below 62, definitely agree.
I totally agree, and have always pushed PCGS for an AU59 designation, but alas, I suppose they didn't think it was a worthy idea. I also believe Trueview images should be a standard part of the grading process - both for Registry junkies like myself, and as a way to identify the coin in case of counterfeiting, theft, etc.
@dsessom I don't think the grading scale has to necessarily stop at 58 for circulated coins and start at 60 for mint state coins. Just an almost imperceptible amount of rub should not limit the numerical grade of the coin, just the prefix of AU or MS. I see lots of MS coins with enough marks to limit their grade to XF. They could be MS45 perhaps.
OINK
That is an absolute stunner @mcarney1173
What a great coin to lay the foundation with towards completing the type set.
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Good Ol' Uncle Lew
Spectacular!
I like a scarce coin like anyone else, but for my type set I will go with the most common as long as it’s high grade and has great eye appeal.
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