1920-S $20 MS61 NGC....

Description

1920-S Saint-Gaudens Double Eagle, MS61
A Sought-After Rarity

1920-S $20 MS61 NGC. Despite a not insignificant mintage of 558,000 pieces, the 1920-S has long been regarded as one of the premier rarities in the Saint-Gaudens double eagle series. Most of the mintage was held in domestic bank vaults as currency reserves during the 1920s and subsequently destroyed after the great Gold Recall of 1933. Some dates from this period were used in foreign trade, and examples were preserved in European banks to be repatriated at a later date. This was not the case with the 1920-S, as it has never surfaced in major quantities from foreign sources. In the 1940s the 1920-S was overshadowed by the rare 1921 double eagle, but in recent years numismatists have realized the two issues are quite similar in rarity. The 1920-S is equally as elusive as the famous 1921 in circulated grades, but the edge goes to the P-mint production above the Mint State threshold. Nevertheless, a Brilliant Uncirculated 1920-S double eagle is a rare coin whose appearance at auction is sure to inspire spirited bidding.
The present coin displays bright, satiny surfaces and strong mint luster. Except for a short scratch on Liberty's right (facing) arm, no individually mentionable abrasions are noted. This coin actually seems undergraded at the MS61 level. Hints of green visit the light orange-gold surfaces when tilted in the light. The strike is frequently weak on the 1920-S, and this example exhibits slight softness on the Capitol building, but otherwise seems sharper than the typical specimen of this date. The color and luster of this piece combine to create exemplary eye appeal. Census: 11 in 61, 45 finer (6/10).
From The Free Tilly Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26FZ, PCGS# 9171, Greysheet# 10175)

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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