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Dallas Signature US Coin Sale 1253  4-6 Apr 2017
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Lot 16105

Starting price: 1 USD
Price realized: 8500 USD
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Saint-Gaudens Double Eagles
1926-D $20 MS61 NGC. Mintages of double eagles at Denver peaked in 1924 and 1925, when about 3 million pieces were coined for each of the two dates. Production was much lower in 1926, since only 481,000 twenties were struck. Most of the mintage for all three issues remained in Federal vaults, although bags of 1923-D double eagles were paid out. Prior to 1933, anyone who wanted a 1926-D could have obtained one for close to face value from the Treasury. But few numismatists could afford to collect the series, and it was only after the gold recall that interest in the denomination increased. By then, the 1926-D had proved to be among several late-date issues primarily melted by the Treasury.
Over the years, a couple of hundred pieces emerged from foreign bank holdings. Most were like the present piece, lustrous and well-struck yet somewhat abraded from bag-stored peers. This example has but few marks merit mention, including a tick on the chin and a few faded scuffs near the branch stem. Census: 14 in 61, 72 finer (2/17).
Ex: Long Beach Signature (Heritage, 5/2009), lot 2068.

HID02901242017
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