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Lot
5325

1932 $20 MS65 PCGS Secure....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Stunning 1932 Double Eagle, MS65
1932 $20 MS65 PCGS Secure. While the future of 10 1933 double eagles remains unknown, the 1932 twenty still holds the honor of the last collectible double eagle. Even if private ownership of the 1933 twenties is eventually approved, a quantity of 10 coins hardly makes it a collectible issue, but instead keeps that date on the list of major numismatic rarities alongside the Ultra High Relief twenty and the 1927-D double eagle.
Meanwhile, the 1932 twenty will still be considered the last collectible issue in the Saint-Gaudens series, and Gem or finer specimens are seldom encountered. Since the beginning of our Permanent Auction Archives in 1993, we have only offered 11 examples in MS65 and 13 in MS66, and those totals include multiple appearances of some specimens, much as the 73 coins that PCGS has certified in all grades include resubmissions. In addition, NGC has certified 69 coins, and the combined submission of 142 coins is probably about double the number actually surviving today. Ordering coins from the Mint in 1932, especially large gold coins, was a privilege for the upper class, as 20 dollars was a substantial sum in the middle of the Great Depression. That sum represented 200 gallons of gas or 200 pounds of meat, and was more than the average monthly house rental during the year. Unemployment was nearly 25% as the economy continued to decline.
This gorgeous Gem displays a bold strike and shows a splendid blend of rose and lime patina over brilliant and frosty yellow surfaces. A few scattered marks on the satin surfaces are no concern and fully consistent with the grade. Population: 30 in 65, 8 finer (11/10).(Registry values: N7079) (NGC ID# 26GR, PCGS# 9194)

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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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