1924 $20 MS67 PCGS. CAC....

Description

1924 Twenty Dollar, Frosty MS67
Among the Highest Ranks of Condition
None Are Finer With CAC Endorsement

1924 $20 MS67 PCGS. CAC. Most collectors immediately recognize the 1924 double eagle as the most plentiful Saint-Gaudens issue across all grades. This issue's availability stems mainly from repatriated trade coins from Europe and South America. In 1924, about 2.5 million double eagles -- presumably mostly from current coinage -- were shipped to the New York Assay Office and the Federal Reserve Banks for use in international payments. Extensive research by Roger Burdette in this area documents heavy gold exports in 1924, and 1.8 million double eagles were shipped out quickly upon delivery to the distributors at the Federal Reserve Banks and the Assay Office.

Availability in most grades, however, does not make the 1924 double eagle plentiful in Superb Gem condition. Although such coins are often seen at auction, quality varies. Less than 10% of the MS67 pieces certified earn CAC recognition. The present coin is one of them. Frosty luster abounds on the beautifully preserved surfaces, revealing orange-gold interiors within greenish-gold margins. Wisps of lilac appear throughout. Clearly a hand-picked Superb Gem example of this well-known date. PCGS reports a single numerically finer specimen (9/19).

David Akers (2008) Comments:
The 1924 handily outdistances all other issues in this series to rank as the most common Saint-Gaudens Double Eagle. Tens of thousands of examples have been repatriated from foreign banks over the years, and the issue is readily obtainable in all Mint State grades up to and including MS66. While Superb Gems are genuinely scarce, the 1924 is easier to obtain in MS67 than any other Saint-Gaudens Double Eagle with the sole exception of the 1908 No Motto.
From The Rollo Fox Collection of $20 Saint-Gaudens Gold. (Registry values: N4719)

Coin Index Numbers: (NGC ID# 26G7, PCGS# 9177, Greysheet# 10147)

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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