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1932 $20 MS65 PCGS....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

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Auction Ended On: Aug 3, 2012
Item Activity: 6 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103


Gem 1932 Saint-Gaudens Twenty
Last Collectible Issue
Only Nine Numerically Finer Coins at PCGS
1932 $20 MS65 PCGS. All of the last five collectible issues of the Saint-Gaudens double eagle series, the 1929, 1930-S, 1931, 1931-D, and 1932, are rare because of their proximity to the Gold Recall of 1933 and the subsequent melting of nearly all the gold coins minted during this period.. The mintmarked issues both had small reported mintages, but the three Philadelphia dates claim large production totals. Most of the coins struck during these years were stored in Treasury vaults and never had a chance to disperse throughout the country before they were rounded up and destroyed. Among these famous "Late-Date" Saints, the 1932 is probably the second-rarest issue, behind the elusive 1930-S.
Research conducted in the Mint records by Dr. Charles W. Green in the 1940s indicates that only 110 examples of the 1932 Saint-Gaudens double eagle were released through official channels before the fatal presidential order took effect. Few, if any, examples of the 1932 have been found in European banks or other foreign holdings. Fortunately, Philadelphia jeweler Izzy Switt, of 1933 double eagle fame, seems to have marketed a small hoard of 1931 and 1932 double eagles among East Coast dealers in the late 1930s and early 1940s, providing a small supply of high-grade coins for future collectors.
The present coin is an impressive Gem, with attractive rose-gold surfaces that show highlights of green at the peripheries. The design elements are well-detailed, with just a touch of softness on the central devices. Vibrant mint luster is evident on both sides, with abundant eye appeal. Population: 32 in 65 (1 in 65+), 9 finer (6/12).(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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