Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 

    Description

    Appealing MS63 1931-D Double Eagle

    1931-D $20 MS63 PCGS. British economist John Maynard Keynes coined "the paradox of thrift" to describe how the Great Depression deepened after 1929, when the stock market initially took a huge tumble. The term describes how people who decide to save more contribute to people ultimately saving less. People conserve their money, markets become saturated with goods, and prices deflate as companies lower prices to move inventory. Businesses also decide to save money based on their negative outlook. They curtail production and lay off workers. This launches a dangerous cycle: Less investment creates fewer jobs, less consumption, and even less reason for new business investments. More unemployment means social misery, and the economy reaches equilibrium at levels far below full employment. This is the paradox: High unemployment reduces incomes, and people who decided to save more end up with much less saved.
    The Mint responded to these woeful economic conditions by curtailing production of most coins, since there was little demand for them. Only "small change" was made (cents, nickels, and dimes)--and double eagles. Those piece were made primarily for export, however--many average Americans could not afford the price of a tank of gasoline. Few, if any, of the 1931-D double eagles left the Treasury vaults, and most were later melted into ingots.
    Gold expert David Akers at one time rated the 1931-D as the fourth rarest in the Saint-Gaudens series, but in 1984 a small hoard of 15-20 pieces was uncovered. Today the '31-D is still a rare date: Both services together have certified a total of 134 pieces in Mint State, most of them in the range of MS60 to MS63. The present example offers lustrous, orange-gold surfaces with a satiny finish. The strike is bold and crisp, and the mintmark is deeply punched into the die. A couple of patches of light abrasions on each side of Liberty are noted, but those abrasions are consistent with the grade. This is an extremely appealing and collectible example of this rare date.(Registry values: N7079) (NGC ID# 26GP, PCGS# 9193)


    Fees, Shipping, and Handling Description: Coin/Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    August, 2006
    13th-14th Sunday-Monday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 788

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    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.

    Order Now! Just $95

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 31 days left to consign to the 2017 June 7 - 12 Long Beach Expo US Coins Signature Auction - Long Beach!

    Learn about consigning with us

    Everyone I came in contact with was courteous, helpful, professional, and best all, knew what they were talking about. Do you know how very rare that is?
    Alan Bean,
    Houston, TX
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 February 16 - 19 Long Beach Expo US Coins Signature Auction - Long Beach
    2017 February 16 - 19 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $11,086,652
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    REALIZED $2,407,045
    2017 January 5 - 9 FUN World Currency Signature Auction -
    2017 January 5 - 9 FUN World Currency Signature Auction -
    REALIZED $1,283,993