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Lot
4199

1931-D $20 MS64 PCGS. CAC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 7 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Radiant 1931-D Double Eagle, MS64
1931-D $20 MS64 PCGS. CAC. Only 106,500 double eagles were struck at the Denver Mint in 1931, making this a comparatively low-mintage issue. It is considered a rare date with a surviving field population of 100 to 150 pieces.
David Bowers relates an interesting story about 1931-D double eagles in his American Coin Treasures and Hoards, that reads in part:

"In 1960 a Sidney, New York, businessman took from his bank safety deposit box four 'ordinary' $20 pieces and brought them to a coin dealer, for he had heard there was a premium above face value for all gold coins.
"The dealer glanced at them, found they were all of the extremely rare 1931-D variety and in blazing gem Mint State, showed him the listing in The Guide Book, and expected that the finder would be delighted. Just the opposite occurred. Uncertainty set in--what were they really worth? Could they be sold for more elsewhere? Maybe they shouldn't be sold after all.
"Back into the safe deposit box the rare 1931-D $20 pieces went. Had they been common dates they would have been sold for the current market value at the time, which would have been between $40 and $50."

What happened to those four coins remains a mystery.
A delicate blend of medium peach-gold color with greenish-gold highlights bathes the radiantly lustrous surfaces of this gorgeous near-Gem twenty dollar. The design elements are well brought up, including sharp definition on Liberty's head, branch-hand fingers, and toes, the Capitol building, and the eagle's feathers. It is only the presence of a few minute marks that prevents Gem classification. Population: 39 in 64, 19 finer (11/08).
From The Calvin Collection.(Registry values: N7079) (NGC ID# 26GP, PCGS# 9193)

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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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