Radiant MS64 1927-S Twenty1927-S $20 MS64 NGC. Paul M. Green, in an article for the October 24, 2006 edition of Numismatic News, discussed the two mass coin meltings held by the federal government in the 20th century. The first mass melting was held under the auspices of the Pittman act, which reduced more than a quarter-billion silver dollars to bullion. The second mass melting, which stemmed from Roosevelt's recalls, decimated America's coinage of gold. Green quotes figures:
"The numbers were enormous, including 67,856,029 gold $20s, or 39 percent of all the double eagles ever produced, along with 21,423,342 gold eagles, or 37% of all the gold eagles ever produced, and 27,539,662 half eagles, or 35 percent of all the half eagles ever made.
The gold numbers, while not as large as the Pittman Act silver dollar melting, had a similar if not greater impact. ... The problem was and is figuring out just what dates were impacted. Like the Pittman Act silver dollar melting, there were no records kept as to how many coins of each date and mintmark were destroyed."
Though repatriation would render several erstwhile rarities more available, no such flood of overseas treasures transformed collectors' assessments of the 1927-S, and it remains elusive in an absolute sense and a condition rarity at the Choice and better levels. This MS64 example has impressively lustrous yellow-gold surfaces that show elements of emerald and cyan close to the margins. Striking detail is solid, and though a few scattered marks preclude Gem status, none of these warrant individual mention. A solid all-around coin for a grade rarely reached by this coveted issue. Census: 17 in 64, 11 finer (11/08).
From The Calvin Collection.(Registry values: N7079) (NGC ID# 26GJ, PCGS# 9188)
Weight: 33.44 grams
Metal: 90% Gold, 10% Copper
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