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Lot
6919

1924-D $20 MS65 PCGS Secure....

2013 September 25 - 29 US Coins Signature Auction - Long Beach #1189

 
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Auction Ended On: Sep 27, 2013
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
528 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
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1924-D Saint-Gaudens Twenty, MS65
Heavily Melted Issue
Prized Condition Rarity

1924-D $20 MS65 PCGS Secure. Although minted in large numbers (over 3 million pieces), the 1924-D Saint-Gaudens double eagle was considered a major rarity in the 1940s. Q. David Bowers, in his Guide Book of Double Eagle Gold Coins, (2004) writes that: "Most were probably retained in the United States and melted in the mid-1930s. However, at least a couple thousand were exported." The expatriated coins began to surface in European holdings in the 1950s, but only in small numbers. The 1924-D is still a very scarce issue today.

The typical survivor is rather heavily abraded and most often grades from high-end AU through mid-grade Uncirculated. A coin grading MS64 is about as nice as a collector can hope to acquire, as examples in better condition are far and few between (PCGS and NGC have to date certified 18 Gems, and only four pieces finer). Moreover, the issue varies in striking quality, perhaps because of what Bowers suggests: "The dies seem to have been kept in service for a long time during the production runs for this high-mintage date."

The MS65 example being offered here displays an above-average strike, particularly in the peripheral areas, and on the fingers of Liberty's left (right-facing) hand, on her toes, and on the eagle's breast feathers. Intense luster and apricot-gold patina accented with traces of lime-green adorns the surfaces on both sides. A few very minor marks scattered about do not distract and are mentioned solely for the sake of accuracy. A minute mark on the sun beneath the N of IN will help to pedigree the piece. Population: 8 in 65, 3 finer (8/13).
Ex: Kutasi Collection (Heritage, 1/2007), lot 3294, realized $63,250.(Registry values: N10218) (NGC ID# 26G8, PCGS# 9178)

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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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