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Lot
4504

1927-S $20 MS65 PCGS....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: $161,000.00 (includes BP )
Bid Source: Live: Floor bidder
Auction Ended On: Sep 19, 2008
Item Activity: 7 Internet/mail/phone bidders
3,146 page views
Description:
Magnificent 1927-S Double Eagle, MS65
Ex: Duckor; Brahin
1927-S $20 MS65 PCGS. The 1927-S has long been recognized as a key date in the Saint-Gaudens double eagle series. In 1949, Max Mehl believed there were only three or four specimens known. The coin was generally regarded as the fourth rarest date of the design type, behind the 1924-S, 1926-D and 1926-S. This issue gradually became more available as individual examples leaked out of European bank holdings in the 1950s and 1960s. The issue never surfaced in hoard quantities, however, and its decline in the rarity rankings has been gradual. In recent times, David Akers ranks it as the 10th rarest coin in the 55-coin series. Most examples are in AU or lower Mint State grades. At the Gem level, this issue remains very rare and sought after.
Prominent collector Stephen Duckor was kind enough to provide an account of this coin's history while it was in his remarkable collection. Dr. Duckor remembers purchasing the coin from New England Rare Coin Auctions sometime around 1979 (actually Boston Jubilee Auction, 7/1980, lot 367). At that time, the cataloger graded this specimen MS66 and stated, "Possibly the finest known." Third-party grading was still far in the future, and Dr. Duckor was able to examine the coin in its natural state. He found it to be completely natural, undipped, and noted a beveled rim on the reverse. This beveled rim is a characteristic that occurs frequently on coins produced at the San Francisco Mint during the 1920s. Dr. Duckor retained this coin in his collection for 26 years before selling it to Jay Brahin in 2006. Brahin retained it in his collection until he sold it to the current consignor a year later. A pedigree to either the Duckor or Brahin Collections is extremely important. A pedigree to both collections is a mark of distinction for any coin.
The present coin features a strong strike, with good detail in all the design elements. This is an important consideration with the issue; many examples display a weak strike and crumbling rims. Smooth, satiny luster radiates from the coin's surfaces. The rich coloration is predominantly orange-gold, but shades of mint-green and reddish-orange play on each side, more boldly on the reverse. The fields have minimal distractions, as expected at the MS65 level. A tiny bit of struck-in die grease, between the eagle's wing and the letters DO of DOLLARS, can be used as a pedigree marker. Overall, this example displays outstanding eye appeal. Beauty, rarity, and an illustrious pedigree make this coin a prize for the advanced collector.
Ex: New England Rare Coin Auctions (7/1980), lot 367; Dr. Steven Duckor (2006); Jay Brahin (2007).(Registry values: N10218) (#9188)

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The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers

The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins. Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1136, Lot 2333 Sunday, January 10, 2010 65 PCGS $149,500.00
Auction 99, Lot 1061 Wednesday, January 6, 1993 65 PCGS $62,150.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
64 $85,000 $79,380 $63,500 $58,500 $59,250 $87,500 $100,000
65 $175,000 $159,380 $127,500 $115,000 $117,500 $175,000 $200,000
66 --- $195,000 $150,000 $125,000 $140,000 $250,000 $260,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 3,107,000 Augustus Saint-Gaudens
NGC 65 5 6 121 -
CAC 65 1 2 9 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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