Saint-Gaudens Double Eagles
1912 $20 MS65 PCGS. Double eagles were produced exclusively at the Philadelphia Mint in 1912, with a smallish mintage of 149,750 pieces. The 1912 is a scarce issue in higher Mint State grades today, and the supply would be equally small in lower grades if the coins had not surfaced in several European hoards over the years. The last of these accumulations, a hoard of about 40 pieces that was found in Switzerland in 1973, has long since been dispersed. The hoard coins were heavily abraded, typically grading no better than MS63, so the rarity of the 1912 in Gem remained undisturbed.
The present coin is an impressive Gem, with sharply detailed design elements and smooth yellow and rose-gold surfaces. Vibrant mint luster radiates from both sides, and this coin possesses terrific eye appeal. Population: 42 in 65 (2 in 65+), 8 finer (10/16).
Ex: Pittsburgh Signature (Heritage, 10/2011), lot 5242.