Market Analysis: Gold double eagle in old holder

This PCGS Extremely Fine 40 1927-S Saint-Gaudens gold $20 double eagle is the lowest-graded survivor at PCGS and sold for $21,375 on Oct. 13. It is housed in an old green-label PCGS “rattler” from the first few years of grading at that service.

The smaller-sized “rattler” holders — named because the coins often rattled a bit in the holders — were used in the first years of PCGS. GreatCollections offered a 1927-S Saint-Gaudens gold $20 double eagle graded Extremely Fine 40 at its Oct. 13 session, where it realized $21,375.

The holder was used from February 1986 through September 1989 and the label is pale green, printed on green-ribbed cardboard stock with perforated edges. 

The 1927-S $20 coin inside is a significant rarity, as most of the 3,107,000 coins minted were melted, and the offered example is the lowest-graded survivor at PCGS, with around 300 estimated to have survived in all grades.  

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