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Lot
5758

1921 $20 MS62 PCGS....

2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208

 
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$145,000
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Auction Ended On: Aug 7, 2014
Item Activity: 5 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:

1921 Saint-Gaudens Double Eagle, MS62
Challenging Key Date
1921 $20 MS62 PCGS. If one were to examine mintage figures of Saint-Gaudens double eagles in the years prior to 1933, they would never suspect that the 1921 is one of the most challenging issues in the entire series. Federal records indicate that the Philadelphia Mint produced 528,500 double eagles that year. However, the coins were struck late in the year to act as currency reserves, and few were ever released through official channels. Contemporary collectors had limited opportunities to save them, and most were melted in the 1930s, much like late-date branch mints and issues struck from 1929 forward. Fortunately, a relatively small number of coins were saved by Mint employees and Treasury officials after the time of issue and sold to New York and Philadelphia area coin dealers for a considerable profit. Probably 40-60 Mint State examples survive today.

In overall rarity, the 1921 compares favorably to the 1920-S, although the edge goes to the P-mint issue in higher grades. The emergence of coins from European hoards has only slightly increased the surviving population over the last few decades, with far fewer located from these sources than issues such as the 1924-D and S or the 1925-D and S. What's more, at least half of the survivors are located in circulated grades. This richly colored MS62 example is boldly defined with typical satin-like fields that show scattered abrasions primarily in the areas surrounding Liberty. An important bidding opportunity for either the double eagle or 20th century gold specialist. Population: 20 in 62, 17 finer (6/14).
Ex: FUN Signature (Heritage, 1/2004), lot 3258.
From The Christopher Bently Nob Hill Collection.(Registry values: N10218) (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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