Lovely Near-Mint 1920-S Eagle1920-S $10 AU58 NGC. The San Francisco Mint issued Indian eagles in 1920 and again in 1930, the final two eagles coined at the facility. Both were moderately low-mintage issues (126,500 and 96,000 respectively), and both are considered major rarities today. The 1920-S eagle is considered the third rarest date in the entire series, following only the 1907 Rolled Rim and 1933 issues.
Unlike many other dates with lower mintages, nearly all examples of the 1920-S eagle entered circulation soon after they were minted. Jeff Garrett and Ron Guth write: "Europe was in disarray when these were struck; remaining banks were simply trying to survive and didn't have the ability or credit to hoard additional gold coins." Those that have survived did so as a matter of chance, or thanks to the few wealthy collectors of the time who could afford to save and preserve both eagles and double eagles. Some of those collectors that could afford to save large denomination gold coins in the 1920s, were unable to save them through the 1930s, adding to their rarity today.
Although it exhibits slight highpoint wear on both sides, this marvelous example has brilliant yellow luster with frosty surfaces and subtle orange toning hidden among the devices. A few small nicks are primarily limited to the reverse. The existing detail suggests a strong strike. The headdress is sharply defined, and the eagle is weak only on the foreleg and at the top of the wing below the neck, the latter more a result of slight wear than a poor strike. Census: 14 in 58, 26 finer (9/08).
From The Deadwood Gulch Collection.(Registry values: N4719) (NGC ID# 28H8, PCGS# 8881)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
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