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1929 $20 MS65 PCGS....
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Description
1929 Double Eagle, MS65
Absolute and Condition Rarity
1929 $20 MS65 PCGS. After a series of common Philadelphia
Mint issues from 1922 through 1928, the 1929 double eagle begins a
final string of rare dates through the end of the series in 1933.
As with many of the later double eagle issues, the 1929 is
challenging, not because it was a low-mintage issue (just shy of
1.8 million pieces struck), but because it achieved only limited
distribution. Nearly every double eagle coined in 1929 and later
years was stored in Mint or Treasury vaults until they could be
melted after the 1933 gold elimination act.It was alleged, and believed by Walter Breen, that two small hoards account for many of the pieces that are on the market today. The joke that Steve Fenton told Ron Gillio years ago was that a group of 40 pieces was discovered in 1984 in England. This joke was repeated until it reached print in Breen's Encyclopedia, and it is still occasionally repeated as fact. However, a smaller accumulation of 10 pieces actually did appear in the early 1990s. For a date with such a low proportion of survivors, either one of these can be considered a significant event. It is not known how many examples of this date still exist today, although estimates range from a low of 60 pieces, a figure that Walter Breen called reasonable in the 1980s, to a high of nearly 1,800 pieces that was cited by Q. David Bowers. Judging by the combined certified population, the latter figure may be off by an order of magnitude; published figures suggest an extant population between 200 and 250 pieces.
This gorgeous Gem is sharply defined with immensely lustrous and frosty yellow-gold surfaces. Splashes of honey-gold on each side enhance its already considerable eye appeal. An excellent example for the grade with no individually mentionable flaws. Population: 28 in 65, 5 finer (2/17).
Ex: Long Beach Signature (Heritage, 2/2007), lot 5316; ANA Signature (Heritage, 7-8/2008), lot 2128.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 26GL, PCGS# 9190)
Weight: 33.44 grams
Metal: 90% Gold, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
Auction Info
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Revised Edition by Roger Burdette, and edited by James L. Halperin and Mark Van Winkle
Saint-Gaudens Double Eagles is an issue-by-issue examination of this 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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