1914-D $20 MS67 PCGS....

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Sold on Jan 12, 2023 for:

$204,000.00 Bid Source: HA.com/Live bidder

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Description

1914-D Twenty Dollar, MS67
An Overlooked Condition Rarity
Ex: Morse

1914-D $20 MS67 PCGS. Ex: Simpson. The 1914-D is an overlooked issue from the teens that was saved in abundant numbers at or shortly after the time of issue. While it may seem obvious after it is pointed out, not many would actually consider the prevalence of higher grade examples of the 1914-D twenty in auctions. Roger Burdette sums it up this way:

"Survival of a large quantity of mid-grade Uncirculated coins is supported by authentication records but not by auction appearances. Auction listings are strongly skewed toward high-grade coins. For a coin that is relatively abundant in nice looking condition, it is understandable that more of the highest grade coins would be offered for public sale. Conversely, low-grade coins would either be sold as bullion pieces or in promotional situations where buyers are less discriminating than coin collectors."

The bell curve of certified 1914-D twenties peaks at the MS63-64 grade level, drops by 60% at the Gem level, then to only 93 coins in MS66, and all but disappears in MS67 with only this and one other coin so graded (10/22). This is the Ex: Morse coin, graded MS67 when it was sold by us in 2005. In that auction appearance the coin sold to Bob Simpson for $43,125. To give an idea of where value has trended since then, the Ex: Bella coin, a PCGS MS66+ CAC coin, brought $45,825 in December 2017, which makes one wonder: What does that make this solid MS67 worth?

Taken from the Morse catalog, this Superb Gem was described 17 years ago as:

"A carefully preserved example and currently tied with just one other example at NGC as the finest known. A variegated mixture of reddish-gold, pink-gold, and crimson colorations has gathered over both sides with slightly more red on the obverse. Other than several of the stars at the base of the obverse near the Capitol, the remaining details appear to have been carefully crafted. The surfaces exhibit the typical frosty, granular finish common to this date and mint. The luster is exceptionally bright with ample cartwheel effects overall. Save for the gentle patina, this coin exhibits a "just struck" appearance. Two small parallel marks are noted on the eagle's lowest feathers near its protruding leg, however, these do not detract, and are only mentioned for future pedigree purposes for this conditionally elite coin."

Ex: Phillip H. Morse Collection of Saint-Gaudens Coinage (Heritage, 11/2005), lot 6623, where it sold for $43,125.
Important Selections from The Bob R. Simpson Collection, Part X. (Registry values: N1)

Coin Index Numbers: (NGC ID# 26FT, PCGS# 9165, Greysheet# 10171)

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.

View all of [Important Selections from The Bob R. Simpson Collection, Part X ]

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