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Favored Near-Gem 1929 Double Eagle

1929 $20 MS64 PCGS. Few coins have been subject to such wildly differing opinions on its rarity as the 1929 double eagle. Historically, the 1929 has been classed with other melt rarities, but in the 2004 edition of A Guide Book of Double Eagle Gold Coins, Q. David Bowers described the 1929 twenty as having a "changing rarity in modern times." He sounded the call for numismatists to reevaluate the date, claiming the 1929 double eagle was:

"A very scarce issue that a few years ago was considered to be a major rarity. However, many hundreds of coins now have sneaked into the market, without fanfare, and now nearly 1,000 have been certified--and, of course, many coins have not been. For the first time in modern numismatic history the 1929 is readily available and somewhat affordable (but hardly inexpensive)."

While it is difficult to ascertain exactly what proportion of certified-to-uncertified coins exists for the issue, his assertions about the certified population have proven incorrect. As of (6/10), there are just over 300 examples of the date in the combined certified population--a far cry from the figure given six years before, and even the smaller figure does not account for resubmissions.
In addition, while a major numismatic auction may feature multiple representatives of the date, collectors recognize ownership of an example as the mark of a sophisticated collector. This near-Gem offers stylish eye appeal, including lustrous yellow-gold surfaces that turn orange when tilted to the light. A handful of ticks are noted on the peripheral reverse, but the obverse is clean aside from a single blemish at Liberty's midsection.(Registry values: N7079) (NGC ID# 26GL, PCGS# 9190)

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Auction Dates
August, 2010
Internet/Mail/Phone Bidders: 5
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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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