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1925-S Twenty, MS64
The Only CAC-Certified Coin in This Grade

1925-S $20 MS64 PCGS. CAC. When we wrote the series reference in 2005 based on the Morse Collection of ten and twenty dollar gold pieces of the Saint-Gaudens design, we made the observation about the 1925-S that, even though it had the third-highest mintage in the series ...

"Undoubtedly, almost the entire mintage was melted in 1937 or later, and fewer than 600 coins are believed known today in all grades, making it one of the major rarities in the Saint-Gaudens series."

There apparently was also some effort made to actually place this issue in circulation, as a substantial number are known in AU and lower grades. This is one of the finer pieces. To put an even finer point on it, this is the only MS64 graded at either service that is CAC-approved. Only two MS65 examples from either service are CAC-approved. To give an idea of what one grading point finer in combination with a CAC sticker can mean, we sold an MS65 PCGS CAC example for $218,500 in our FUN auction this year.
This is indeed an upper-end example of this 20th century rarity. The surfaces display rich, frosted mint luster. The usually seen "beveling" around the rims is curiously subdued on this piece. The strike details are also unusually strong with good definition on the Capitol building, the 5 in the date, and Liberty's face and toes. Look for this piece to bring a substantial premium. Population: 22 in 64 (1 in 64+), 5 finer (9/12).(Registry values: N7079) (NGC ID# 26GC, PCGS# 9182)

Service and Handling Description: Coins & Currency (view shipping information)

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Auction Dates
October, 2012
Internet/Mail/Phone Bidders: 5
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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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The pre-sale publicity was more than I imagined, and the actual catalog better than I had expected - and my expectations were high!
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Allamonte Springs, FL
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