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Lot
2133

1932 $20 MS66 NGC....

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

 
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Auction Ended On: Jul 31, 2008
Item Activity: 7 Internet/mail/phone bidders
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Location:

Baltimore, MD

Description:
Phenomenal MS66 1932 Twenty Dollar
1932 $20 MS66 NGC. The 1932 is a popular coin with collectors as it is the last collectible date in the Saint-Gaudens series (except, of course, for the single legal-to-own 1933). The 1932 should be abundant if one were to judge by mintage figures alone. But this issue underscores the unreliability of mintage figures for this series as 1,101,750 pieces were struck; however, in all grades it is estimated that today only 115 coins are known. Almost all 1932 twenties are in mint condition as the coins had virtually no time to circulate before the Gold Recall Act of 1933.
The average grade for the 1932 twenty is 64.4, placing this piece considerably above the median grade. In fact, only 21 pieces have been certified MS64 when one combines the two major grading services (seven at PCGS and 14 by NGC), and none are finer (6/08). The 1932 is roughly equivalent in overall rarity and high grade rarity to the 1931. This particular piece has extraordinary luster characteristics and color. The color palette for 1932 twenties is wide ranging and can include medium to rich yellow or green-gold to light and medium orange and green-gold. This piece is atypical in that regard. The green-gold base color of the coin is accented by subtle pink overtones. The striking details are strongly brought up on each side and the only pedigree identifier is a shallow luster scrape (that gives the coin a different color in this area) located near the rim at 3 o'clock on the obverse. Just a phenomenal example and more colorful than the Morse coin that we sold in November 2005.
From The Pierson MacDonald Grieve Collection.(Registry values: N10218) (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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