1927-S $20 MS63 PCGS. CAC....

Description

Select 1927-S Saint-Gaudens Twenty
Scarce 'Sleeper' Issue

1927-S $20 MS63 PCGS. CAC. The 1927-S is a "sleeper" among Saint-Gaudens double eagles, with collector attention focused on the ultra-rare issues in the series like the 1927-D and the 1933. While the headlines go to those superstar coins today, series specialists know the 1927-S remains an elusive and valuable issue. The large original mintage of 3.1 million pieces negatively influences the thinking of many casual collectors, but the figure is misleading. Insiders believe less than 4,000 examples were actually released into circulation before the Gold Recall of the 1930s. Probably only 160-170 specimens survive today in all grades, with about two thirds of them in Mint State. David Akers considers the 1927-S the ninth-rarest coin in the 53-coin series.
The auction history of the 1927-S begins in the late 1930s, when examples started appearing in collections such as Sale 399 (Morgenthau, 5/1939). Lot 554 of that sale reads "1927-S Extremely fine and scarce." Despite the terse description, interest must have been high for the offering. The lot realized $67, a high price in those Depression years for a coin that was only 12 years old. Today, auction appearances are noteworthy events. A Superb Gem specimen in the Phillip H. Morse Collection (Heritage, 11,2005), lot 6698, realized $345,000.
The present coin is an appealing Select specimen, with attractive yellow-gold surfaces and hints of rose color when tilted in the light. The design elements are well detailed, with just a little softness on the obverse center. Luster is bright and frosty. Eye appeal is outstanding, and the surfaces are minimally abraded for the grade. Population: 24 in 63, 12 finer (5/10).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26GJ, PCGS# 9188, GSID# 10185)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Melt Value: $1,169.71
Gold Spot: $1,209/oz (07-09-2010)
Mintage: 3,107,000

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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