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1927-S $20 MS62 PCGS....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
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Auction Ended On: Feb 6, 2009
Item Activity: 9 Internet/mail/phone bidders
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Location:

Long Beach, CA

Description:
Semikey 1927-S Twenty Dollar, MS62
1927-S $20 MS62 PCGS. The 1927-S double eagle is on many want lists despite a mintage of more than 3 million coins. This is one of those numismatic situations where mintage has nothing to do with rarity. In fact, the same can be said of nearly every branch mint double eagle from 1924 to 1927, as well as the issues from 1929 to 1933. Most of those issues were struck in large quantities, such as more than 3 million for the 1927-S, and few were actually released.
Jeff Garrett and Ron Guth write in the Encyclopedia of U.S. and Gold Coins: "This tremendous mintage did little to provide coins for future collectors. Virtually the entire mintage was destroyed in the 1930s, leaving just a few hundred around today for collectors to fight over." Those that do exist were probably all saved by West Coast collectors, or by those who actually ordered them by mail, such as J.M. Clapp, Walter Childs, and others who had done so for many years. The number of examples is unknown, although Dave Bowers estimates as many as 250 pieces might exist today. We feel the real population is probably quite a bit lower, perhaps in the range of 100 to 150 examples.
The present example is a splendid Mint State piece. Both sides exhibit a bold strike with exceptional design details. A trace of orange toning is visible over the clean surfaces. There are few noticeable marks, with those that are present mostly on the design motifs.(Registry values: N7079) (NGC ID# 26GJ, PCGS# 9188)

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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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