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Lot
1949

1927-S $20 MS63 NGC. CAC....

2009 October Signature US Coin Auction #1130

 
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Auction Ended On: Oct 23, 2009
Item Activity: 12 Internet/mail/phone bidders
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Location:

Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Preliminary Lot Viewing
The Saint Charles Convention Center
Booth 501
Saint Charles, MO 63303

 

Description:
High-End 1927-S Twenty, MS63
With Unusual Die Chip in Date
1927-S $20 MS63 NGC. CAC. This unusual 1927-S double eagle has a prominent raised die chip or die line from the 9 to the 2 in the date. The position and shape resemble the base of an extra misplaced 2, although such a misplaced digit defies logic considering the use of date logotypes at the time. A review of our Permanent Auction Archives shows that just four out of the last 50 examples offered have this same feature.
In the late 1920s, the branch mints at Denver and San Francisco had a significant production of double eagles. However, few of those coins were actually released, and all are rare today. For example, the San Francisco Mint struck more than 3 million twenties in 1927, but less than 300 of those coins survive today. Most of those survivors grade in the range of AU58 to MS64, with a few higher- and lower-grade pieces extant. NGC and PCGS have certified a total of 261 submissions, with an average grade of 60.7.
In the past 16 years we have offered 1927-S double eagles 74 times, an average of just four per year in all grades. We have only sold 15 pieces in grades finer than this coin, or less than one per year. During that same 16-year period, we have sold over 1,100 1927 Philadelphia Mint twenties in MS64 or finer grades, or more than 68 per year. When considering those totals, remember that the Philadelphia Mint only struck 2.9 million double eagles in 1927.
This specimen has lovely yellow-gold luster with light pink highlights on the obverse and faint green patina on the reverse. The surfaces are lightly abraded and the strike is a trifle weak, as usual for this issue. Census: 15 in 63, 28 finer (9/09).
From The Volunteer Collection.(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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