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Description

1929 Double Eagle, MS63
First of the Series-Ending Melt Rarities

1929 $20 MS63 NGC. Although the mintage of the 1929 Saint-Gaudens double eagle consisted of almost 1.8 million pieces, that year witnessed the beginning of The Great Depression, which led to significantly less need for the coins to enter circulation. As a result, only 25,170 of the double eagles were officially released. The remainder of that significant production was stored in bank and Treasury vaults. Unfortunately, after the 1933 Gold Recall, a huge percentage of those stored coins was melted and stored as gold bars in the Fort Knox Bullion Repository. Today, only a few hundred specimens survive. This Select example displays rich hues of sun-gold color. As expected, scattered abrasions are present, but they do not pose a distraction on this lovely piece.
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N4719) (NGC ID# 26GL, PCGS# 9190)

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Auction Dates
March, 2014
20th
Internet/Mail/Phone Bidders: 8
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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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