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    1931-D Double Eagle, MS62
    Final Mintmarked Melt Rarity

    1931-D $20 MS62 PCGS. Produced in the middle of The Great Depression, the 1931 and 1931-D double eagle issues shared similar fates. The Philadelphia issue consisted of 2.9 million pieces, while the Denver production was 106,500 coins. Although some previous issues, such as the 1927, were shipped overseas as part of financial transactions and remained in European bank vaults for years, eventually making their way back to collectors in the United States, most of the 1931 and 1931-D double eagles were stored in U.S. Treasury or bank vaults for a time and then gathered up and melted.
    Estimates are that only 200 to 300 of the 1931 Philadelphia coins survived. Only 100 to 150 of the Denver produced coins are estimated to exist today, with resubmissions and crossover attempts likely skewing the population data from the grading services.

    Collectors owe thanks to the 100 or so contemporary collectors who ordered double eagles from the Denver Mint in 1931. Without those few collectors, the 1931-D twenty might become another unknown issue such as the 1873-S Seated dollar or the 1964-D Peace dollar.

    The 1931-D issue was well-produced. The present coin, graded MS62, exhibits a strong strike, including a nice level of detail in the Capitol building. The yellow-gold surfaces reveal scattered hints of orange and green. Satin luster is an additional attribute this lovely piece possesses. Aside from a mark near the back of the eagle's left wing, there are no abrasions worthy of mention.
    From The Douglas Martin Collection.(Registry values: N7079) (NGC ID# 26GP, PCGS# 9193)

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    Auction Dates
    January, 2014
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
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    The Coinage of Augustus Saint-Gaudens as Illustrated by the Morse and Duckor Collections
    Revised Edition by James L. Halperin, Mark R. Borckardt, Mark Van Winkle, Jon Amato, and Gregory J. Rohan, with special contributor David W. Akers

    The Coinage of Augustus Saint-Gaudens is an issue-by-issue examination of these two artistically inspired series of gold coins. Each date and mintmark is reviewed with up-to-date information, much of which has never been previously published. The book is based on two extraordinary collections: The Phillip H. Morse collection and the Dr. and Mrs. Steven L. Duckor collection.

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