Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Saint-Gaudens Double Eagles
1929 $20 MS63 PCGS. After a series of high mintage double eagles struck from 1924 to 1928, where coinage totals average about 4 million pieces annually, the production of 1929 double eagles was slightly below 2 million coins, and nearly all of those coins sat in Mint and Treasury vaults until they were melted in the late 1930s. Only a few were preserved by contemporary collectors who acquired the coins directly or indirectly from the Mint. Once the Great Depression took hold at the end of the year, many of those collectors could no longer afford to keep their coins, further diminishing the population. The current combined PCGS and NGC census figures show a total of only 312 examples have been certified, a dramatic reduction from the 100,000 certified 1928 double eagles. This piece exhibits brilliant yellow luster with frosty surfaces and exceptional eye appeal. Both sides display the usual scattered marks that are consistent with the grade. More than 60% of certified 1929 double eagles are in higher grades than this piece, meaning it should prove to be more affordable than most others, an important consideration for the budget-minded collector who still seeks an attractive example.
1929 $20 MS63 PCGS. After a series of high mintage double eagles struck from 1924 to 1928, where coinage totals average about 4 million pieces annually, the production of 1929 double eagles was slightly below 2 million coins, and nearly all of those coins sat in Mint and Treasury vaults until they were melted in the late 1930s. Only a few were preserved by contemporary collectors who acquired the coins directly or indirectly from the Mint. Once the Great Depression took hold at the end of the year, many of those collectors could no longer afford to keep their coins, further diminishing the population. The current combined PCGS and NGC census figures show a total of only 312 examples have been certified, a dramatic reduction from the 100,000 certified 1928 double eagles. This piece exhibits brilliant yellow luster with frosty surfaces and exceptional eye appeal. Both sides display the usual scattered marks that are consistent with the grade. More than 60% of certified 1929 double eagles are in higher grades than this piece, meaning it should prove to be more affordable than most others, an important consideration for the budget-minded collector who still seeks an attractive example.