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    Description

    1924-S Twenty Dollar, MS65
    A Major Condition Rarity
    Only One Coin Finer at PCGS

    1924-S $20 MS65 PCGS Secure. The 1924-S Saint-Gaudens double eagle claims a mintage of more than 2.9 million pieces, but the issue is scarce in all grades in today's market, and coins at the Gem level are major rarities. Most of the large mintage was melted after the Gold Recall of 1933, rendering the official production figures irrelevant. In fact, during the decade of the 1940s, the 1924-S was regarded as the rarest date of the series, with prominent coin dealers like B. Max Mehl and Abe Kosoff estimating the surviving population at just 3-6 pieces. Fortunately for present-day collectors, a number of coins were discovered in European banks, beginning in the 1950s, causing the 1924-S and many other double eagle issues to become more available. Currently, PCGS and NGC combined have certified more than 1,000 coins in all grades, but that total undoubtedly includes many duplicate submissions.

    On the other hand, when collectors seek a truly high-quality example of the 1924-S, they find the situation has changed little from the early days of the 1940s. The coins found in European holdings were subjected to the rigors of transport and storage in bags with other large gold coins. Few examples escaped without significant surface marks, and the great majority are in lower Uncirculated grades, below MS64. At the Gem level, the same handful of pristine survivors that were in the hands of collectors in the 1940s constitute the available supply today. PCGS has graded only seven coins in MS65, with a single piece finer at MS67 (5/18). Even these small totals probably include some resubmissions and crossovers.

    The present coin is a spectacular Gem, with well-detailed design elements and vibrant mint luster. The light orange-gold surfaces display attractive rose highlights, and only the most minor signs of contact are evident. As in the historic days of the 1940s, specimens of this quality are seldom encountered.(Registry values: N7079) (NGC ID# 26G9, PCGS# 9179)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    July, 2018
    12th-15th Thursday-Sunday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 1,816

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) 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.

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