1929 $20 MS64 PCGS. At first glance, this attractive piece has the outward appearance of a full Gem quality specimen. It is...

Description

Choice Mint State 1929 Twenty

1929 $20 MS64 PCGS. At first glance, this attractive piece has the outward appearance of a full Gem quality specimen. It is only upon closer examination that the few grade-limiting imperfections can be seen on each side. The obverse and reverse each have frosty yellow-gold luster with only a few tiny orange toning spots, and these are mostly only visible with a loupe. A sharp strike and hints of light pink toning add to the presentation of this near-Gem.
The rarity of this date has been known for many years. David Akers compiled a series of gold references with the final volume on double eagles published in 1982. His work included an in-depth record of auction appearances of all gold coins, along with commentary about every gold coinage issue. An invaluable resource at the time, the Akers analysis of auction records remains an important information source today. Akers recorded 68 pieces certified as Uncirculated, two AU, three XF, and one VF (a coin we would like to see). This data allowed him to calculated an average grade of AU58, although his analysis considered each of the 68 Uncirculated pieces to grade just MS60. Realistically, these pieces probably averaged MS63, meaning the average grade for all appearances was more likely MS62. More recently, Jeff Garrett and Ron Guth surveyed auction sales that took place from 1991 to 2005, and found 68 appearances of the 1929 double eagle with an average grade of MS62.6. All of the data indicates the importance of this example, a splendid MS64 grade coin. Population: 81 in 64, 26 finer (3/07).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26GL, PCGS# 9190, GSID# 10152)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 1,779,750

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

View Certification Details from PCGS