'Elite' Saint-Gaudens double eagle brings big price
- Published: Nov 17, 2016, 11 AM
Heritage’s Oct. 31 to Nov. 2 U.S. Coins Signature Auction in New York brought more than $12.4 million, and leading the sale was the Cherny Collection of Mint State Saint-Gaudens gold $20 double eagles.
Except for the 1927-D double eagle and the noncollectible 1933 coin, the set was complete and was especially noteworthy for its exceptional middle- and late-date issues chosen with aesthetic appeal in mind.
Here is one of three San Francisco Mint $20 coins we're analyzing in this week's Market Analysis that showcase beauty, quality and rarity, and help confirm why the series has remained popular for decades with the wealthiest collectors.
1927-S Saint-Gaudens $20 double eagle, PCGS MS-65, CAC sticker
Like the 1920-S coin, the 1927-S double eagle has not been found in any substantial quantities in European hoards. Heritage writes, “That the 1927-S has maintained such an elite status is made all the more impressive when one considers the number of issues in the series today considered ‘less rare than previously thought’ — almost invariably due to discoveries of small caches of coins in Europe or Latin America, which mostly occurred in the 1940s through the early 1960s.”
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The Cherny example is graded MS-65 by Professional Coin Grading Service, has a Certified Acceptance Corp. sticker and is one of 11 MS-65 examples graded by PCGS and Numismatic Guaranty Corp. On Nov. 1 it sold for $199,750, an improvement from when it was last offered at Heritage’s January 2010 auction where it sold for $149,500.
Saint-Gaudens double eagle: The early 20th century was a golden age of U.S. coin designs, and perhaps the most memorable of these classic designs is the contribution made by the famed sculptor-engraver Augustus Saint-Gaudens. How much are Saint-Gaudens double eagles worth?
Keep Reading About the Lots of the Cherny Collection:
A collection of Saint-Gaudens gold double eagles was just sold, and this was the top lot: Excluding the noncollectible 1933 double eagle, this date is one of the key rarities in the series in high Mint State grades.
How much one of the toughest Saint-Gaudens double eagles to find sold for: Each of the five double eagles struck between 1929 and 1932 is expensive and among these the 1930-S coin is considered the most challenging to acquire.
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