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

Description

Scarce High Grade (MS64) 1924-S Saint-Gaudens Twenty

1924-S $20 MS64 PCGS. CAC. Nearly 3 million double eagles were minted in San Francisco in 1924, about the same as the total produced by the Denver Mint but more than one million fewer than from Philadelphia. However, the low number of certified 1924-S twenties indicates that thousands were melted in the 1930s. Once considered the rarest Saint, Jeff Garrett and Ron Guth in the Encyclopedia of U.S. Gold Coins 1795-1933 note that "During the 1940s and 1950s, it was generally believed that fewer than a half-dozen examples of this date existed!" Coins found in Europe in the 1950s and 1960s took away the "rare" status, but today it still qualifies as a scarce issue.
Pleasing yellow-gold patina is accented by light rosy color in the obverse fields. Eye-catching cartwheel luster is visible across both sides. None of the tiny marks are of any significance. Just a little over 900 San Francisco coins have been certified for the date in all grades. The combined MS64 NGC/PCGS Census/Population is just 189 coins. In Gem grade and higher the issue is genuinely rare, showing only 23 grading events. One of those coins is graded MS66 and the other, at the top, as MS67 (6/08).
From the Stephen Stokely Collection, Part Five.(Registry values: N4719)

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

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
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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