There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
2841

1927-S $20 MS66 NGC....

2010 March Fort Worth, TX Signature ANA US Coin Auction #1138

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Mar 26, 2010
Item Activity: 8 Internet/mail/phone bidders
4,555 page views
Location: Fort Worth Convention Center
1201 Houston Street
Fort Worth, TX 76102
Description:
Fabulous 1927-S Twenty Dollar, MS66
1927-S $20 MS66 NGC. In today's market, the 1927-S double eagle is somewhat overshadowed by its close cousin, the 1927-D. While the present coin cannot equal the rarity of the Denver issue, it is still an acknowledged key to the Saint-Gaudens double eagle series. Moreover, unlike the 1927-D, most examples of the current issue are seen in circulated or lower Mint State grades. In higher Mint State grades, this date is quite rare. NGC and PCGS, for example, have certified a total of six 1927-S examples in MS66, and a mere three coins grade finer (2/10).
Fifty years ago, the situation was reversed. In that era, the 1927-S was believed to be a fantastic rarity, considerably more desirable than its Denver counterpart. In 1949, B. Max Mehl believed that there were only three or four specimens known. The coin was generally regarded as the fourth-rarest of the design type, behind the 1924-S, 1926-D, and 1926-S. All of those vaunted issues gradually became more available as individual examples were repatriated from European bank holdings in the 1950s and 1960s. The 1927-S never surfaced in hoard quantities (unlike the 1926-S, for example), and its decline in the rarity rankings has been gradual. In recent times, David Akers ranks it as the 10th-rarest issue in the 55-coin series. Not one single example of the 1927-D issue is believed to have surfaced from those sources, and it holds the preeminent spot in the rarity estimates today.
Probably only 160-170 specimens of the 1927-S double eagle survive today. One is certified XF40 by PCGS, and six pieces have been certified as AU50 by PCGS, which suggests that some 1927-S double eagles were actually spent in West Coast commerce prior to the Great Depression. Most Uncirculated survivors grade between MS61 and MS64.
One of the earliest auction appearances of the 1927-S was in the J.F. Bell Collection (Stack's, 12/1944), lot 990, where it realized a price of $500 on a $300 estimate. Two years later, an example appeared in the World's Greatest Collection (Numismatic Gallery, 1/1946), lot 1043. Abe Kosoff showcased the coin in that sale, and it realized $925, a respectable sum for the time. The 1927-S was so rare in its heyday that even legendary collectors such as Louis Eliasberg and John Jay Pittman settled for AU specimens in their collections.
An MS67 NGC coin from the Museum of Connecticut History was sold in the Long Beach sale (Heritage, 6/1995), lot 6027. That piece later appeared in the celebrated sale of the Phillip H. Morse Collection (Heritage, 11/2005), lot 6698. The present coin also appeared in the Morse sale, as lot 6699. Another spectacular specimen was cataloged in the Thaine B. Price sale (David Akers, 5/1998), lot 116. In that offering, Akers described the piece as being "absolutely fully struck."
The current coin possesses a wonderful mix of apricot and yellow-gold patination and exhibits vibrant luster. The design elements are exceptionally well struck, with the Capitol showing excellent definition. It is devoid of significant marks, save for an inoffensive shallow linear abrasion on Liberty's chest. Interestingly though, a slightly curved mint-made "scrape" is noted on the sun. As it runs parallel to the rim, the feature is probably some sort of mint-made flaw, possibly having to do with ejection from the die. The same feature appeared on the Superb Gem coin in lot 6698 of the Phillip H. Morse Collection mentioned above. This circumstance leads us to believe that these two coins were struck from the same reverse die within a relatively short period of time--an interesting coincidence, since both coins were later discovered in the same collection. This is a magnificent specimen that is sure to generate spirited bidding. Census: 4 in 66, 2 finer (2/10).(Registry values: N1) (NGC ID# 26GJ, PCGS# 9188)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

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.

Order Now! Just $95

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
880,935
bidder-members
$973,594,908
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 3 days left to consign to the 2014 October 8 - 12 PNG New York Invitational Coin Show US Coins Signature Auction - New York!
Learn About Consigning With Us
It's simply amazing to participate in one of your auctions.
B.T. ,
San Diego, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,100,727
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED SO FAR $10,492,790
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604