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Lot
7706

1926-D $20 MS64 PCGS....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 10 Internet/mail/phone bidders
790 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

Near-Gem 1926-D Double Eagle
Important Melt Rarity
1926-D $20 MS64 PCGS. For collectors in the pre-1974 era, whose ownership of almost any gold coin was perched tenuously on a numismatic exception to a blanket prohibition on possessing gold as a monetary instrument, knowledge of and access to the late-date Saint-Gaudens branch mint issues was spotty at best. It was not until after the first tide of repatriated twenties came back from Europe that collectors started getting a true picture of each date's rarity. For example, Akers (1988) gives a historical note about the 1926-D issue:

"At one time, the 1926-D was considered to be a much greater rarity than the 1927-D. Until the early 1950s, only the 1924-S was thought to be more rare, and only a half dozen or so examples of this issue were known. A few were discovered from time to time after that but never any hoards, not even small ones."


Of course, not even single coins turned up for the 1927-D, which has emerged as a million-dollar rarity regardless of condition (which, as with the 1926-D, is almost invariably Mint State). While the 1926-D does not rise to such lofty heights, Saint-Gaudens enthusiasts are well aware of its rarity, particularly above the Select level. This near-Gem has a decent strike, though it is a trifle soft on Liberty's fingers and toes. Wheat-gold luster has elements of apricot and yellow under a thin layer of patina. Both sides are relatively clean overall, though a few small parallel nicks on the rock under Liberty's foot are grade-defining. Population: 20 in 64, 4 finer (7/11).(Registry values: N7079) (NGC ID# 26GE, PCGS# 9184)

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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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