1931 $20 MS65 PCGS....
The exact number of survivors is unknown. David Akers estimates 65-85 Mint State coins in his recent Handbook. Dave Bowers in his Guide Book to the series suggests between 80 and 120 Mint State examples, and another five to eight coins in lower grades. His estimates illustrate the rarity of circulated coins.
Every author or numismatist has an opinion about the rarity of the 1931 double eagle. In the Encyclopedia of U.S. Gold Coins, Jeff Garrett and Ron Guth write:
"As the depression in America deepened in the early 1930s, the Philadelphia Mint coined a substantial number of new double eagles during 1931. These sat around unwanted in Treasury or bank vaults, only to be gathered up a few years later and melted. Virtually the entire mintage was wiped out, leaving perhaps 200 to 300 surviving pieces."
These various opinions lead to disagreement about the true rarity of the date. In The Coinage of Augustus Saint-Gaudens, the authors comment that "the 1931-P is probably the one with the least clearly-defined relative rarity ranking."
The present piece is a lovely Gem with frosted yellow-gold luster and few blemishes or imperfections on either side. All design elements are boldly rendered, and the overall eye appeal is excellent. When seeking an example of the 1931 double eagle, patience and discipline are two of the collector's strongest allies, but equally important is recognizing the "right" coin and pursuing it. This example holds every promise of satisfying the discerning numismatist's needs.
From The Carter Family Collection.(Registry values: N10218) (NGC ID# 26GN, PCGS# 9192)
Service and Handling Description: Coins & 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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