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Elusive MS62 1927-S Double Eagle

1927-S $20 MS62 PCGS. Although Mint records show over 3.1 million double eagles produced at San Francisco in 1927, that figure is utterly disconnected from the numismatic reality of today. While the 1927-S is not of the supreme rarity that characterizes its Denver counterpart, it is nonetheless highly prized and elusive. As Garrett and Guth recount: "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."
Interestingly for an issue that saw little circulation, the 1927-S appears frequently in worn grades, as shown by the NGC Census Report and the PCGS Population Report. In fact, the mean grade for the combined certified population is a mere 59.9, which puts virtually any Mint State coin, including the present MS62 piece, ahead of the curve.
Deep sun-gold shadings prevail on this desirable and satiny 1927-S twenty, though a hint of orange is present on the reverse. It is well struck overall, though the edges show a degree of the usual beveling and the peripheral stars are a trifle soft. A number of wispy abrasions are present in the fields and a handful of small digs appear on the central devices, yet the overall eye appeal is far better than the MS62 grade might suggest. An excellent candidate for most double eagle cabinets, even one that has mainly Select or better pieces. Population: 49 in 62, 34 finer (11/09).(Registry values: N7079) (NGC ID# 26GJ, PCGS# 9188)

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Auction Dates
January, 2010
Internet/Mail/Phone Bidders: 6
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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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