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Description

Impressive 1931-D Double Eagle, MS64

1931-D $20 MS64 PCGS Secure. In the midst of the Great Depression, Philadelphia and Denver coined double eagles as the only gold coinage produced in 1931. 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. The double eagles were intended for export. However, that need never appeared as the economy continued its decline, and nearly the entire mintage remained in Treasury vaults until they were melted a few years later. Although nearly 3 million double eagles were minted at Philadelphia, the Denver Mint coined a mere 106,500 pieces.
Today, collectors owe thanks to the 100 or so contemporary collectors who ordered double eagles from the Denver Mint in 1931 to keep their collections updated. Without those few collectors, the 1931-D twenty might become another unknown issue such as the 1873-S Seated dollar or the 1964-D Peace dollar. Estimates of the number of surviving examples fall in the 100 to 150 coin range, a small population for a member of so popular a series as the Saint-Gaudens double eagles.
This impressive twenty has a bold strike with beautiful rose-gold at the centers, and a frame of light greenish-gold near the borders. Both sides have the usual quota of small marks associated with the grade, and they are more evident on the reverse of this specimen. Population: 34 in 64, 19 finer (11/10).(Registry values: N7079) (NGC ID# 26GP, PCGS# 9193)

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Auction Dates
January, 2011
5th-9th
Internet/Mail/Phone Bidders: 8
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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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