1921 $20 --Damaged--NCS. AU Details....

Description

Coveted 1921 Double Eagle, AU Sharpness

1921 $20 --Damaged--NCS. AU Details. The 1920-S and 1921 are the first two great rarities of the Saint-Gaudens Motto double eagle series. Each had a mintage of more than half a million pieces, but nearly all of those coins lingered in Treasury vaults for a dozen years until President Roosevelt's gold recall. Eventually, almost all 1921 twenties were melted into gold bricks, some of which may still be stacked at Fort Knox.
The present piece has noticeable satin luster despite slight friction on Liberty's knee, chest, and forehead. The obverse is minimally marked for an AU twenty, and the reverse rays, legends, and sun are unblemished. The eagle has a number of small abrasions that resemble reeding marks.
An MS65 example of this famously rare date recently auctioned for more than 1 million dollars. While the present lot will realize a less memorable price, the auction history of the 1921 indicates the enormous demand for those few pieces that survived the Federal furnaces.
From The Chicago Collection of Saints.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26G2, PCGS# 9172, Greysheet# 10144)

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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