Description

    Coveted 1921 Double Eagle AU58

    1921 $20 AU58 PCGS. Over the years, the 1921 has gradually emerged as the third-rarest regular issue Saint-Gaudens double eagle, behind only the uncollectible 1933 and the prohibitively rare 1927-D. Since the mintage of the 1921 is 528,500 pieces, what happened to them all? Why has PCGS certified only 93 examples in all grades? Almost certainly, more than 99% of the mintage remained in Treasury holdings until the 1933 FDR gold recall prevented their release into collector hands.
    Eventually, those coins were melted into ingots housed in the legendary gold vault of Fort Knox. Since few collected late-date double eagles in 1921, and international commerce needs were met by Treasury releases of 1922 to 1928 double eagles, the only demand for 1921 twenties came from the Treasury itself, which used them to back gold certificates.
    Anyone could have obtained a 1921 twenty (or even a 1927-D) prior to 1933 simply by writing a letter to the Treasury with proper payment. This method maintained the Joseph C. Mitchelson collection at the Connecticut State Library during the 1920s. Some 1921 double eagles apparently went into non-numismatic hands, since a majority of the PCGS pieces are in AU grades, especially AU55 to AU58. Such pieces were probably set aside as a novelty by non-collectors, since gold coins of any date seldom circulated after World War I. Only after the FDR gold recall did such keepsakes suddenly attain significant collector value.
    The present piece is likely such a lightly handled keepsake. Although both sides display unbroken mint bloom, slight friction is noted on Liberty's nose, chest, and raised knee. The rich orange-gold surfaces display only scattered minor marks. The 1921 is typically the final date added to an important collection of Saint-Gaudens twenties, and the present example provides a rare opportunity to obtain an example under six figures. Population: 25 in 58, 45 finer (12/08).
    See: Video Lot Description(Registry values: N7079) (NGC ID# 26G2, PCGS# 9172)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2009
    7th-11th Wednesday-Sunday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 1,113

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
    Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers

    The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two 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.

    Order Now! Just $95

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 29 days left to consign to the 2017 December 7 - 10 US Coins Signature Auction - Dallas!

    Learn about consigning with us

    Another major house refused the work stating it was too unique for the artist. Heritage saw that as an advantage!
    James P. Lennane ,
    Naples, FL
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 September 7 - 10 Long Beach Expo US Coins Signature Auction - Long Beach
    2017 September 7 - 10 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $9,146,256
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED SO FAR $5,423,764
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $1,519,316