1908 $20 Saint-Gaudens Gold No Motto MS-67 PCGS (Wells Fargo)
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Product DetailsAs a general rule of thumb, all 1908 Wells Fargo pedigreed $20 Saints are extremely nice and eye appealing, this one is no exception. Graded by PCGS as MS-67, this is one of the finest known examples!
- PCGS encapsulation offers protection and guarantees the MS-67 condition of the coin.
- Designed by Augustus Saint-Gaudens.
- Obverse: Depicts Liberty striding forward holding a torch and an olive branch with the U.S. Capitol building in the backdrop.
- Reverse: Features an eagle in flight against the sun in the background.
- The “Wells Fargo Hoard” was discovered in the early 1990s in Las Vegas. The hoard consisted of nearly 10,000 Gem 1908 No Motto $20’s with multitudes grading MS-66, almost 1,000 MS-67’s, over 100 MS-68’s, and 10 MS-69’s.
This coin would be a great addition to any collection so act now and add to your cart today!
The Wells Fargo Nevada Gold hoard is an amazing collection of 1908 No Motto $20 Saint-Gaudens Gold coins. The hoard was purchased for more than $10 million and was the largest price paid for a collection of coins at the time by a very wide margin. In outstanding condition, over 95% are graded Mint State 65 or better.
A collector with foresight and the necessary means acquired this collection of $20 Saint-Gaudens Gold coins in 1917 and promptly hid them for safekeeping. There they remained undisturbed for more than 50 years. Hidden away from the public, these stunning coins survived several significant events that meant the end of many other Saint-Gaudens coins, including Gold confiscation via executive order in 1933.
In the early 1970s, the coins were taken out, sorted, inventoried, and resealed. They did not see the light of day again until their inspection and sale in 1996. Although the buyer is known, the seller is not: the buyer signed a strict confidentiality agreement guarding the privacy of the previous owners. Not until they met again was the true number known: over 15,000 $20 Saint-Gaudens Gold coins. The meeting took place at a Wells Fargo bank in an undisclosed city in Nevada. The coins were held in a large walk-in vault, which formerly served as a Federal Reserve Bank where Silver dollars were stored in the 1960s and 1970s.
The double eagles were rolled in paper tubes, placed in canvas bags, and stored in screw-top boxes in this vault. The coins were still surrounded by Gold dust when first inspected. While Wells Fargo does not claim to be the owner of these coins at any point in their history, their name is used for the pedigree. The name was selected because of where the coins were stored and the deal was negotiated.
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