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5598

1927-S $20 MS62 PCGS....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1927-S Twenty, Bright MS62
Melt Rarity From the 1920s
1927-S $20 MS62 PCGS. Despite its large mintage, the 1927-S Saint-Gaudens double eagle was considered a great rarity in the 1940s, when the series was first seriously collected. B. Max Mehl believed only three or four specimens were extant in 1949. Like many dates of the 1920s, most of the coins were originally stored in banks and Treasury vaults as currency reserves and later melted after the Gold Recall of 1933. Research by Dr. Charles W. Green in the 1940s revealed that only 3,750 examples of this issue were released through official channels, and many of those coins undoubtedly went to European destinations. Most of the coins we know about today trace their history to European banks, where they were out of reach of the government melts of the 1930s. Even though the supply has significantly increased in recent years due to these overseas recoveries, the 1927-S remains a scarce issue; most examples range in grade from MS60 to MS64. This piece displays the bright mint luster this issue is so well-known for. The strike is strong throughout, and no obvious or detracting abrasions appear.
From the collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(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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