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Lot
5079

1920-S $20 MS61 NGC. CAC....

2011 March Sacramento Signature ANA US Coin Auction #1153

 
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Auction Ended On: Mar 18, 2011
Item Activity: 6 Internet/mail/phone bidders
1,707 page views
Location: Sacramento Convention Center
1400 J Street
Hall A
Sacramento, CA 95814

Description:

1920-S Saint-Gaudens Twenty, MS61
The First Double Eagle Melt Rarity
1920-S $20 MS61 NGC. CAC. Several sources provide information about rarity for different coinage issues, including the 1920-S double eagle. One source is the Permanent Auction Archives at our website, HA.com. Our archives will inform the collector of the availability of an issue in the marketplace.
In the case of the 1920-S twenty, 62 auctions have taken place over 18 years, an average of less than four examples per year in all grades. Like certified resubmissions, the number of appearances of rare coins will always exceed the actual number of different specimens. The average grade of all those auction appearances is 60.3.
Certified population is a tool that is available for the major grading services, including NGC and PCGS. This coin almost perfectly meets the average grade of all 81 examples that NGC has certified. In fact, the calculated average grade of those 81 submissions is 61.05. Actual grades at NGC range from a low of AU53 to a high of MS65. The average grade at PCGS is similar, calculated at 59.04, and combining both services, that average is almost exactly 60. PCGS-certified examples of the 1920-S Saint-Gaudens double eagle range from VF35 to MS66. The wide grade makes the issue available to a larger number of collectors than some of the later rarities. Coins struck from 1929 to 1932 are normally found in higher Mint State grades.
This example exhibits satiny yellow luster with delicate olive and rose highlights. Splashes of steel-blue adhere to the highest design points, suggesting its originality. Both sides have the usual quota of surface marks found on any Saint-Gaudens double eagle at the MS61 grade level. Census: 12 in 61, 45 finer (1/11).(Registry values: N7079) (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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