1924-D $20 MS65 PCGS....

Description

Quality Gem 1924-D Double Eagle

1924-D $20 MS65 PCGS. The 1924-D double eagles were the first coins of that denomination struck at Denver in a decade, and as if to make up for lost time, that facility struck over 3 million pieces. Despite the large mintage, the 1924-D was not used in international commerce the way its Philadelphia counterpart was, and as a result, most of the 1924-D double eagles struck went from vaults in Treasury buildings to the melting pot. An early element of repatriation made the 1924-D slightly available in the years following World War II, and the issue evolved from an absolute rarity to a condition rarity.
As noted by many experts, including David Akers and Garrett and Guth, most repatriated examples of the 1924-D showed numerous flaws and abrasions, with virtually all such pieces in lower Mint State. While examples through Select are generally available for a price, Choice coins prove elusive, and at the MS65 level and better, the 1924-D is conditionally rare, with just eight Gems graded by PCGS and only two finer (6/08). In addition, when one considers Gem and better pieces exclusively, the 1924-D is considered by many to be more challenging than several other mid-level melt rarities, such as the 1925-D and 1926-S.
While the Denver Mint overworked many double eagle dies in 1924, the present piece shows little evidence of die erosion, though a touch of striking softness affects Liberty's torch hand and the Capitol building. The peach-tinged wheat-gold surfaces are immensely lustrous, and the overall preservation is impressive. A notable survivor from this popular issue.
From the Stephen Stokely Collection, Part Five.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 26G8, PCGS# 9178, GSID# 10178)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 3,049,500

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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