Heritage World Coin Auctions
Long Beach Signature US Coin Sale 1252 16-17 Feb 2017
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Saint-Gaudens Double Eagles
1924-S $20 MS65 NGC. From a large mintage of 2.9 million pieces, the 1924-S Saint-Gaudens double eagle was one of the most challenging issues of the series in the 1940s, when collecting twenty dollar gold pieces first became popular in this country. It seems that most of the mintage was held in government stockpiles until the Gold Recall of 1933, and subsequently melted and stored as gold bars at the Fort Knox Bullion Repository. Roger W. Burdette discovered about 250,000 coins were distributed to Federal Reserve Banks, but far fewer actually reached circulation in this country. Some coins were used in foreign trade, and a number have surfaced in European and Latin American holdings over the years. Most of those coins are heavily bag marked, however, and the 1924-S remains a rare issue in MS65 condition.
The present coin is a delightful Gem, with well-detailed design elements and well-preserved yellow and rose-gold surfaces that show only minor signs of contact. Vibrant mint luster radiates from both sides and eye appeal is outstanding. Census: 20 in 65 (1 in 65+), 1 finer (12/16).
1924-S $20 MS65 NGC. From a large mintage of 2.9 million pieces, the 1924-S Saint-Gaudens double eagle was one of the most challenging issues of the series in the 1940s, when collecting twenty dollar gold pieces first became popular in this country. It seems that most of the mintage was held in government stockpiles until the Gold Recall of 1933, and subsequently melted and stored as gold bars at the Fort Knox Bullion Repository. Roger W. Burdette discovered about 250,000 coins were distributed to Federal Reserve Banks, but far fewer actually reached circulation in this country. Some coins were used in foreign trade, and a number have surfaced in European and Latin American holdings over the years. Most of those coins are heavily bag marked, however, and the 1924-S remains a rare issue in MS65 condition.
The present coin is a delightful Gem, with well-detailed design elements and well-preserved yellow and rose-gold surfaces that show only minor signs of contact. Vibrant mint luster radiates from both sides and eye appeal is outstanding. Census: 20 in 65 (1 in 65+), 1 finer (12/16).