1927 $20 MS67 PCGS. CAC....
Tied for Finest Certified
How well does the 1927 double eagle match the first criterion, that of availability? In a word, magnificently. Between NGC and PCGS, well over a quarter-million examples have been certified, a testament to the coin's current availability. Such was not always the case, though, as the vast majority of the known 1927 double eagles once were locked away in overseas storage, and repatriation from Europe is the greatest known source of the coins. An examination of pre-1960 auction listings is instructive; the earliest auction record in the David Akers United States Gold Coins reference, the 1941 Dunham Collection sold by B. Max Mehl, is listed in the catalog as "very scarce," and Stack's used an identical phrase to describe the issue in 1944 for the J.F. Bell auction catalog. The impact of 1960s repatriation is especially noticeable in the auction records compiled by Akers: The trickle of auction appearances in the 1940s and 1950s, fewer than one a year for each decade, turns into a steady stream through the 1960s and then a torrent in the 1970s.
As for the second criterion, attractiveness, the 1927 once again comes out a winner. In Heritage's offering of another great collection of Saint-Gaudens twenties, the Phillip H. Morse Collection of Saint-Gaudens Coinage, the cataloger wrote that "examples of the 1927 double eagle are invariably sharply struck, with bright mint frost or smooth satiny surfaces." The two luster qualities are prized, each in their own way, while the sharpness of strike meets more universal acclaim. Akers writes: "Only the collector searching for a 'wonder' coin, i.e. a near perfect specimen, will encounter any difficulty locating a 1927 to his or her liking."
With one glance at this magnificent MS67 coin, it is obvious that Dr. Duckor did a great deal of searching in finding just the right coin, choosing the best of five examples from the Phillip H. Morse Collection. Superb Gems are, if it can be imagined, genuine condition rarities; PCGS has certified only a baker's dozen (10/11). This gleaming coin embodies quality, from the stark cartwheel luster rolling across each side to the orange colors splashed through the centers of otherwise pale yellow surfaces. The coin has only two interior flaws worth mentioning, a tiny mark on Liberty's raised knee and another below the N of IN on the sun disk; these permit identification with the Morse coin. An ideal selection as either a bedrock type coin or, as in its last two collection appearances, an example that makes a commonplace date extraordinary.
Ex: The Phillip H. Morse Collection of Saint-Gaudens Coinage (Heritage, 11/2005), lot 6692, which realized $18,400.
From The Dr. and Mrs. Steven L. Duckor Collection.
Seller is donating a portion of their proceeds, and Heritage is donating the same portion of the Buyer's Premium, from the sale of this lot to the National Numismatic Collection at the Smithsonian Institution. See page 3 for details.(Registry values: N4719) (NGC ID# 26GG, PCGS# 9186)
Service and Handling Description: Coins & Currency (view shipping information)
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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