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

Description

1924-S Double Eagle, MS64+
Mostly Melted Issue
Important Conditional Rarity

1924-S $20 MS64+ PCGS. CAC. The 1924-S has a mintage of nearly 3 million pieces. The issue would undoubtedly be plentiful were it not for Franklin D. Roosevelt's 1933 gold recall. That ensured all gold coins in Treasury hands were melted into bars, some of which line the Fort Knox vault to this day. Most of the 1924-S bags were never issued, and perhaps only 1,000 examples survive. Those coins escaped the great melt due to timely export into foreign bank reserves. Since those coins commanded a significant premium, they have returned to the U.S. over the years. The present Carmel-gold near-Gem is lustrous and well struck. The surfaces are exemplary save for a narrow horizontal depression on the sun. PCGS (as of 8/22) has graded only 23 pieces as MS64+, and a scant ten coins finer. CAC: 31 in 64, 0 finer (8/22).
From The Northern Lights of Vermilion 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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