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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 6092

Starting price: 1 USD
Price realized: 9500 USD
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Saint-Gaudens Double Eagles
1924-S $20 MS64 PCGS. Domestically held 1924-S double eagles were essentially wiped out during the government's gold melts of the 1930s, and shortly thereafter it was believed that only a half-dozen coins or so survived. Discoveries in foreign holdings eased the collector crunch, and today the issue is very scarce in high grades, but it is not nearly the rarity it once was. Current research by Roger Burdette suggests all but approximately 250,000 pieces were melted, at "a huge waste of time, resources and money."
This Choice Uncirculated must be considered to rank highly among similarly graded coins. The 1924-S was not a particularly well-struck or attractive issue, with die collapse, displacements, and other defects that affect the quality of strike. This example is sharply struck, with only minor loss of detail on the right side of the Capitol dome. Abrasions are nearly absent from Liberty's portrait, gown, and legs. The fields are clean and appealing, with vibrant orange accents over attractive sun-gold surfaces. PCGS reports just six numerically finer examples (10/16).
From The Renz Family Collection of $20 Gold Coins.
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