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Lot
5762

1926-S $20 MS65 PCGS....

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

 
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Auction Ended On: Aug 7, 2014
Item Activity: 10 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1926-S Saint-Gaudens Double Eagle, MS65
Important Condition Rarity
Only Eight Coins Certified Finer
1926-S $20 MS65 PCGS. More than 2 million Saint-Gaudens double eagles were minted at the San Francisco Mint in 1926. Like most issues from this era, the mintage figures mean nothing in terms of the coin's availability today. Most of the generous mintage was held in bank vaults and later melted, after the Gold Recall of 1933. The 1926-S was luckier than many issues of the decade, because a fairly large number of the coins were used to pay for foreign commitments. The coins used in foreign trade were often preserved in overseas holdings, beyond the reach of the Gold Recall, and later returned to augment the meager supply of coins left in this country. While the 1926-S is not a common coin by any means, it is still the most available mintmarked Saint-Gaudens double eagle of the mid-1920s. Most of the repatriated specimens are in lower Mint State grades, however, and the issue is extremely difficult to locate at the Gem level. Of course, any finer grade is in the "impossible" category. Current population data reveals PCGS has graded 31 coins in MS65, with only four finer; NGC has certified 21 Gem specimens, with four finer (7/14).

The present coin is a lovely Gem specimen, with pleasing greenish-gold surfaces. The striking details are sharp, with just the slightest hint of softness on the Capitol dome. Mint luster is vibrant and satiny, and the surfaces exhibit no mentionable distractions. The overall eye appeal of this rare Gem is outstanding. We expect spirited competition when this lot is called, as it may be some time before the opportunity to acquire this important condition rarity recurs.
Ex: ANA Signature (Heritage, 8/2010), lot 3640.(Registry values: N7079) (NGC ID# 26GF, PCGS# 9185)

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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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