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Lot
4631

1922 $20 MS66 PCGS Secure. CAC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 11 Internet/mail/phone bidders Number of Bidders
829 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
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1922 Twenty Dollar, MS66
An Incredible Condition Rarity
1922 $20 MS66 PCGS Secure. CAC. The 1922 double eagle suffered a different fate from the earlier 1921 double eagles, most of the 1921s being melted in the following decade. Vast quantities of 1922 double eagles were exported following a mintage of 1,375,500 pieces at Philadelphia. Many of the exports, since returned to the United States, provide most of the available specimens for collectors today. Those coins, exported to Europe, South America, and Central America, are typically in lower grades, likely MS60 to MS64. The plethora of certified pieces in that grade range, over 30,000 at PCGS alone, supports that hypothesis. Even at the MS65 grade, a substantial population has been certified, 1,200 at PCGS. Some small number of 1922 double eagles were preserved by collectors at the time of issue, and those may be some of the finest that survive today.
The 21st century collector who seeks a 1922 double eagle without concern for grade will have no trouble finding a lower-Mint State coin. Examples are available at any coin show or on the internet nearly every day of the week. Collectors who seek a Gem MS65 example will also have little difficulty finding one, but some amount of patience will be necessary to find just the right one. Cherrypicking for quality is advised at the MS65 level, looking for a coin with a sharp strike, attractive surfaces, and original color. Many near-Gem and Gem examples have been dipped and now have bright yellow color with little eye appeal. Finding an example above MS65 will be a formidable task.
Above the Gem level, 1922 double eagles are extremely rare, with only seven MS66 PCGS coins certified in 25 years and none finer (10/11). Our Permanent Auction Archives include just six MS66 PCGS offerings since 1993, representing just four different coins. Those four include the present Duckor specimen, the earlier piece in Dr. Duckor's first collection that was previously in the Amon Carter Family Collection, the Simpson Collection coin, and one that appeared in our 2008 Central States sale. After the present coin is sold, it may be years before a comparable specimen becomes available.
The Duckor specimen is one of the seven MS66 PCGS coins. The nearly full strike is typical for the issue. This piece features deep copper-orange and lilac shades around the figure of Liberty, merging into yellow-gold nearer the rim on the obverse. Moving downward to the lower obverse devices, the coloration becomes an incredible, almost purplish shade. The reverse offers similar copper-gold in the eagle, surrounded by greenish-gold in the peripheral areas. A couple of bold die cracks appear on the obverse, one through the torch from the I to BE, a second crack through ERTY to the olive branch, and a third crack, continuing through the branch, an apparent diagram of how these dies might begin to fail near the peripheries.
Ex: Heritage (9/2003), lot 8534; later, Jay Brahin.
From The Dr. and Mrs. Steven L. Duckor Collection.
Seller is donating a portion of their proceeds, and Heritage is donating the same portion of the Buyer's Premium, from the sale of this lot to the National Numismatic Collection at the Smithsonian Institution. See page 3 for details.(Registry values: N4719) (NGC ID# 26G3, PCGS# 9173)

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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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