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Lot
5604

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

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 12 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1931-D Saint-Gaudens Twenty, MS64
One of the Keys to the Series
1931-D $20 MS64 PCGS. CAC. Ex: Calvin Collection. In 1931, amid the Great Depression, the Philadelphia Mint struck a substantial number of double eagles, primarily intended for export, with the Denver Mint producing only 106,500 pieces. It appears that few were actually shipped overseas as no substantial hoards have been found in Europe. Most of the year's double eagle gold coins never left Treasury or bank vaults and were ultimately melted. Both the 1931 double eagle and the 1931-D were victims of Franklin Delano Roosevelt's Presidential Executive Order 6102, The Gold Confiscation Act of April 5, 1933, calling for holders of significant quantities of gold to sell their coins at the prevailing price of $20.67 per ounce. Cents, nickels, and dimes were the only other denominations minted during the year, reflecting a need for small change, but no demand for larger-denomination coins.

Only an estimated 100 or so examples survive today, making this issue a classic rarity. Fortunately, the majority are well-preserved and attractive.

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 exhibit a strong degree of design detail, including sharp definition on Liberty's head, branch-hand fingers, and toes, the Capitol building, and the eagle's feathers. The presence of a few minuscule marks prevents Gem classification. Population: 33 in 64, 20 finer (11/13).
Ex: FUN Signature (Heritage, 1/2009), lot 4199, which realized $80,557.50.(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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