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Lot
5451

1920-S $20 AU58 PCGS....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:

Near-Mint 1920-S Saint-Gaudens Twenty
Fifth-Rarest Coin of the Series
Extremely Elusive in High Grade
1920-S $20 AU58 PCGS. In terms of total number of pieces known, the 1920-S Saint-Gaudens double eagle is the fifth-rarest coin of the series, behind the uncollectible 1933, the ultra-rare 1927-D, the seldom-encountered 1930-S, and the famous 1921. The 1920-S enjoyed a substantial mintage of 558,000 pieces, but most of those coins were stored in government vaults and melted after the Gold Recall of 1933. Research by Dr. Charles W. Green in the 1940s reveals that only 3,250 specimens were released through official channels.
Unlike many Saint-Gaudens double eagle issues, a significant portion of the surviving population is actually seen in circulated grades, and in Mint State, the 1920-S is one of the premier rarities in the series. Examples above the MS65 level are more elusive than their 1930-S and 1927-D counterparts. Only a small number of specimens has surfaced in European holdings over the years, and the few known high-grade pieces were probably acquired directly from the Mint or Treasury officials by well-connected contemporary numismatists at the time of issue.
The present coin is an aesthetically pleasing near-Mint representative, technically sound for the grade, with bold overall definition and only the lightest rub across the highpoints. Considerable mint luster adheres to both sides with warm, original, reddish-gold color. A scattering of minor contact marks on both sides does little to detract from the strong visual appeal. Population: 17 in 58 (1 in 58+), 50 finer (6/12).
Ex: Long Beach Signature (Heritage, 2/2006), lot 3641, realized $34,500.(Registry values: N4719) (NGC ID# 26FZ, PCGS# 9171)

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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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