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Lot 3118 |
1920-S $20 MS62 PCGS....
2009 February Long Beach, CA Signature US Coin Auction #1122
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Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
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Consignor Has Not Yet Submitted a Reserve:
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No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
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What's This?
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Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$63,825.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | Feb 6, 2009 |
| Item Activity: |
8 Internet/mail/phone bidders
4,500 page views |
Description:
Important MS62 1920-S Double Eagle
1920-S $20 MS62 PCGS. The mintage figure for the 1920-S double eagle makes another case for the maxim, "Don't believe everything you read." While there were 558,000 circulation strikes produced, the issue has been well-known since the 1940s as a difficult one. The reasons are not entirely clear, but the likely scenario is that most were stored in some long-forgotten bank vault, and simply turned in during the great Gold Recall of 1933. Garrett and Guth succinctly say, "No significant numbers have turned up from overseas hoards, and the few that remain are apparently here by chance."The Louis E. Eliasberg, Sr. specimen was an MS63 uncertified example (Bowers and Ruddy, 10/1982, lot 1051), of which the cataloger wrote:
"A very important coin. Although 558,000 were struck, apparently most of them were melted, although the existence of worn pieces shows that probably a few thousand actually reached circulation. David Akers estimates that only 40 to 50 specimens in all grades survive, of which perhaps 12 can be called Uncirculated.
"The present coin is one of the most important twentieth century gold offerings in the present sale,"
High praise, indeed, considering the vast scope and quality of The Eliasberg Collection. Today the situation is little changed. There are a few dozen examples each certified at NGC and PCGS, but the average coin is just shy of Mint State, and examples remain formidable rarities today.
The present piece offers a good but not full strike, with softness on the eagle and the lower obverse, a trait most examples of the issue share. The light abrasions are undistracting and well within the confines of an MS62 grade. The orange-gold surfaces offer considerable luster for the grade. As important a coin today as the Eliasberg example was, more than a quarter-century ago. Population: 17 in 62, 29 finer (1/09).(Registry values: N7079) (#9171)
View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
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 1152, Lot 4723 | Sunday, February 6, 2011 | 62 | PCGS | $80,500.00 |
| Auction 1114, Lot 2104 | Sunday, August 3, 2008 | 62 | PCGS | $77,625.00 |
| Auction 1152, Lot 4722 | Sunday, February 6, 2011 | 62 | NGC | $54,625.00 |
| Auction 1138, Lot 2805 | Sunday, March 28, 2010 | 62 | NGC | $54,625.00 |
| Auction 328, Lot 10877 | Tuesday, July 29, 2003 | 62 | NGC | $28,750.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 61 | $60,000 | $57,310 | $45,850 | $42,000 | $42,500 | $60,000 | --- |
| 62 | $70,000 | $71,880 | $57,500 | $54,000 | $54,500 | $72,500 | $75,000 |
| 63 | $105,000 | $103,130 | $82,500 | $74,500 | $75,500 | $90,000 | $100,000 |
| *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 | 558,000 | Augustus Saint-Gaudens | ||||
| NGC | 62 | 18 | 28 | 84 | - | ||
| CAC | 62 | 2 | 7 | 13 | - | ||
| *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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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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