1930-S $20 MS64 PCGS. A classic example of this rare date. David Akers considers the 1930-S to be the sixth rarest date of ...
By the time 1930 rolled around, the stock market had fallen apart after the crash of October 1929. Attempted rallies failed to restore confidence, and the stock market continued lower. Jobs became scarce. Money dried up, with banks calling in loans that could not be repaid. The days of easy credit abated, and defaults and bankruptcies grew rapidly. In the uncertain times of 1930, few had excess cash lying around. A double eagle represented a tremendous amount of wealth for that period. Few were saved, and those known today almost certainly came from European banks, which hoarded so much of the gold produced by American mints of the period. After Franklin Roosevelt assumed the presidency in 1933, he determined that gold was part of the cause of the economic calamity that still infected the nation and much of the world. He called in all gold coins from circulation, and outlawed gold bullion ownership for Americans. Countless thousands of coins were melted, all but eliminating entire issues. In later years, bags of American gold coins trickled out of Europe, and many previously extremely rare dates became much more widely available. Population: 16 in 64, 13 finer (12/06).
From The Matt & Susan Brown Family Collection of Saint-Gaudens Double Eagles.(Registry values: N7079) (NGC ID# 26GM, PCGS# 9191)
Service and Handling Description: Coin/Currency (view shipping information)
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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