1929 $20 MS63 NGC....

Description

1929 Double Eagle, MS63
First of the Series-Ending Melt Rarities

1929 $20 MS63 NGC. Although the mintage of the 1929 Saint-Gaudens double eagle consisted of almost 1.8 million pieces, that year witnessed the beginning of The Great Depression, which led to significantly less need for the coins to enter circulation. As a result, only 25,170 of the double eagles were officially released. The remainder of that significant production was stored in bank and Treasury vaults. Unfortunately, after the 1933 Gold Recall, a huge percentage of those stored coins was melted and stored as gold bars in the Fort Knox Bullion Repository. Today, only a few hundred specimens survive. This Select example displays rich hues of sun-gold color. As expected, scattered abrasions are present, but they do not pose a distraction on this lovely piece.
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26GL, PCGS# 9190, Greysheet# 10152)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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