1929 $20 MS64 PCGS. CAC....

Description

Challenging 1929 Twenty, MS64

1929 $20 MS64 PCGS. CAC. For collectors of Saint-Gaudens double eagles, the playing field becomes abruptly uneven following the 1928 issue, and only those possessing a combination of patience and financial fortitude attempt to complete the final three years of the series. With the exception of the 1921 classic rarity, the 19 date slots between 1907 and 1928 can be filled with relative ease, partly owning to the expanded production of coins from all three minting facilities during those years.
One of our favorite numismatic researchers of all time, Dave Bowers, appears to have erroneous information regarding the rarity of the 1929 issue in his Guide Book of Double Eagle Gold Coins. In that 2004 publication, the author suggests an extant field population of between 1,270 and 1,790 pieces--encapsulated or uncertified with all grades considered. The same book lists a population range of 280 to 445 coins for the 1926-D issue. In contrast, Garrett and Guth (2006) documented nearly identical certified population figures and auction appearances for each date. As of (11/08), the combined NGC and PCGS population of 1929-dated twenties is 312 coins at all levels of preservation. Since the aggregate total for the 1926-D issue is similar at 299 pieces, we are forced to respectfully challenge Bowers' notion that nearly 1,800 1929 double eagles are extant. Furthermore, although there are collectors who still prefer their coins unencumbered by plastic, the financial advantage of third party grading for such a scarce issue likely precludes an uncertified population of any significance.
The coloration of this offering is best described as "simply gold." Pleasing cartwheel luster and a crisp strike define the grade, which may have missed a full Gem designation due to a single abrasion above Miss Liberty's right knee.(Registry values: N7079)

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

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz
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.

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