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Lot
5452

1921 $20 MS60 PCGS....

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

 
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Auction Ended On: Aug 3, 2012
Item Activity: 11 Internet/mail/phone bidders
755 page views
Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:

1921 Double Eagle, MS60
Rarest Saint-Gaudens Twenty in High Grade
1921 $20 MS60 PCGS. The 1921 Saint-Gaudens double eagle is the most difficult collectible issue of the series to locate in high grade, even eclipsing such rare dates as the 1927-D and the famous late-dates of the series. The coins were all minted late in the year, apparently intended as currency reserves, and only a small number were ever released into circulation.
It seems unlikely that many of these coins were used in international trade, as only a few scattered examples have turned up in European banks over the years. A few specimens were preserved by Mint personnel and Treasury Department officials, who rescued the coins from the massive government melts of the 1930s and sold them to Eastern coin dealers at a small profit. A few collectors obtained specimens through official channels, as well. Unfortunately, the great majority of the mintage of 528,500 pieces was melted, transformed into gold bars, and stored at the Fort Knox Bullion Repository.
Experts believe 90-130 examples of the 1921 are still extant, with about half of that total in circulated condition. The Mint State population is concentrated in lower Uncirculated grades, and an attractive MS60 example is a prize for the Saint-Gaudens specialist.
The present coin is a pleasing MS60 specimen, with well-detailed design elements and slightly subdued mint luster. The strike is a little soft on the figure of Liberty but stronger on the lower left of the obverse, an area usually seen weakly defined. The fields are moderately abraded with a couple of larger marks on each side. Deep rose-gold patina graces both surfaces. Population: 2 in 60, 42 finer (6/12).
From The Harvey Collection.(Registry values: N7079) (NGC ID# 26G2, PCGS# 9172)

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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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