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Lot
3127

1927-S $20 MS64 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
Sold for: $63,250.00 (includes BP )
Bid Source: HA.com/Live
Auction Ended On: Feb 6, 2009
Item Activity: 9 Internet/mail/phone bidders
5,362 page views

Description:

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Radiant MS64 1927-S Twenty

1927-S $20 MS64 NGC. Paul M. Green, in an article for the October 24, 2006 edition of Numismatic News, discussed the two mass coin meltings held by the federal government in the 20th century. The first mass melting was held under the auspices of the Pittman act, which reduced more than a quarter-billion silver dollars to bullion. The second mass melting, which stemmed from Roosevelt's recalls, decimated America's coinage of gold. Green quotes figures:

"The numbers were enormous, including 67,856,029 gold $20s, or 39 percent of all the double eagles ever produced, along with 21,423,342 gold eagles, or 37% of all the gold eagles ever produced, and 27,539,662 half eagles, or 35 percent of all the half eagles ever made.
The gold numbers, while not as large as the Pittman Act silver dollar melting, had a similar if not greater impact. ... The problem was and is figuring out just what dates were impacted. Like the Pittman Act silver dollar melting, there were no records kept as to how many coins of each date and mintmark were destroyed."

Though repatriation would render several erstwhile rarities more available, no such flood of overseas treasures transformed collectors' assessments of the 1927-S, and it remains elusive in an absolute sense and a condition rarity at the Choice and better levels. This MS64 example has impressively lustrous yellow-gold surfaces that show elements of emerald and cyan close to the margins. Striking detail is solid, and though a few scattered marks preclude Gem status, none of these warrant individual mention. A solid all-around coin for a grade rarely reached by this coveted issue. Census: 17 in 64, 11 finer (11/08).
From The Calvin Collection.(Registry values: N7079) (#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 1167, Lot 5095 Sunday, February 5, 2012 64 NGC $53,187.50
Auction 1139, Lot 2365 Sunday, May 2, 2010 64 NGC $57,500.00
Auction 1139, Lot 2364 Sunday, May 2, 2010 64 PCGS $69,000.00
Auction 422, Lot 3825 Saturday, January 6, 2007 64 PCGS $80,500.00
Auction 392, Lot 6700 Thursday, November 3, 2005 64 PCGS $74,750.00
View prices realized from this item in other grades (you must be signed in)
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+
63 $50,000 $53,130 $42,500 $39,000 $39,500 $50,000 $57,500
64 $80,000 $81,880 $65,500 $59,500 $60,000 $87,500 $100,000
65 $135,000 $159,380 $127,500 $115,000 $117,500 $175,000 $200,000
*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 64 17 11 121 -
CAC 64 0 3 8 -
*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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Saint-Gaudens Double Eagles, 1927-S $20 MS64 NGC....

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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