1924-S $20 MS64 PCGS. CAC....

Description

1924-S Saint-Gaudens Double Eagle, MS64
Only 259,000 Examples Released

1924-S $20 MS64 PCGS. CAC. A large mintage of 2.9 million Saint-Gaudens double eagles was achieved by the San Francisco Mint in 1924, but only 259,000 examples were officially released. Most of the coins released were used in foreign trade. The balance of the mintage was melted and stored as ingots in Fort Knox after the Gold Recall of 1933.
The issue was extremely rare in the 1940s, and the 1924-S was regarded as the rarest date of the series. In the Dr. Charles W. Green Collection (B. Max Mehl, 4/1949), lot 879, the cataloger reported, "To the best of my knowledge, only three specimens are known to exist." In the 1950s and 1960s, numerous examples used in foreign trade were discovered in European banks, and the 1924-S was demoted from the "rarest of the rare" to the scarce category. Most examples recovered in recent decades were in MS63 and lower grades. Near-Gem and finer examples are still challenging today.
The present coin exhibits extraordinary mint luster, with intermingled rose and lilac color on each side. The surfaces are lightly abraded for the grade. Overall visual appeal is strong, as attested by the CAC sticker. Population: 95 in 64, 3 finer (11/09).
From The Ralph P. Muller Collection.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26G9, PCGS# 9179, Greysheet# 10179)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz
Mintage: 2,927,500

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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