1920-S $20 MS60 NGC....
Earliest of the Many Melt Rarities of the 1920s
Coinage of double eagles was suspended after 1916, with no twenty dollar coins produced during the following three years. A nominal mintage of 558,000 double eagles was struck at the San Francisco Mint in 1920, but only a small number of coins were released into circulation. The great majority of the mintage was held in banks and Treasury vaults to act as currency reserves until the 1930s, when the Gold Recall of 1933 required the surrender of most domestic gold holdings to the government. Nearly all 1920-S double eagles were subsequently melted and stored as gold bars in the Fort Knox Bullion repository. The 1920-S is the earliest date of the series to owe its rarity to the melts of the 1930s, but many later dates suffered the same fate.
Only 65-75 examples of the 1920-S are extant in all Mint State grades, with most examples seen grading no better than MS63. The typical specimen exhibits good color and luster, but the strike is often soft on the lower-left obverse, and most examples show a large number of handling marks or abrasions. Like the 1921, a significant portion of the surviving population is in circulated grades.
This piece displays uniform, bright yellow-gold color and the mint luster is interrupted by a few expected small abrasions and a couple of longer, shallow marks in the upper-left obverse field. Well, but not fully struck in all areas. Census: 3 in 60, 53 finer (2/14).
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N7079) (NGC ID# 26FZ, PCGS# 9171)
Service and Handling Description: Coins & Currency (view shipping information)
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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