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Description

Desirable Gem 1929 Double Eagle

1929 $20 MS65 PCGS. After a series of common Philadelphia Mint issues from 1922 through 1928, the 1929 double eagle begins a final string of rare dates through the end of the series in 1933. As with many of the later double eagle issues, the 1929 is challenging, not because it was a low-mintage issue (just shy of 1.8 million pieces struck), but because it achieved only limited distribution. Nearly every double coined in 1929 and later years was stored in Mint or Treasury vaults until they could be melted after the 1933 gold elimination act.
Two small hoards account for many of the pieces that are on the market today. A group of 40 pieces was discovered in the 1980s in England, while a smaller accumulation of 10 pieces appeared in the early 1990s. For a date with such a low proportion of survivors, either one of these can be considered a significant event. It is not known how many examples of this date still exist today, although estimates range from a low of 60 pieces, a figure that Walter Breen called reasonable in the 1980s, to a high of nearly 1,800 pieces that was cited by Q. David Bowers. Judging by the combined certified population, the latter figure may be off by an order of magnitude; published figures suggest an extant population between 200 and 250 pieces.
This gorgeous Gem is sharply defined with immensely lustrous and frosty yellow-gold surfaces. Splashes of honey-gold on each side enhance its already considerable eye appeal. An excellent example for the grade with no individually mentionable flaws. PCGS has graded five coins finer (6/08).
From the Stephen Stokely Collection, Part Five.(Registry values: N7079) (NGC ID# 26GL, PCGS# 9190)

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Auction Dates
Jul-Aug, 2008
30th-3rd
Internet/Mail/Phone Bidders: 6
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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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