How much this tough-to-find Saint-Gaudens sold for
- Published: Nov 16, 2016, 1 PM
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.
1930-S Saint-Gaudens $20 double eagle, PCGS MS-64, CAC sticker
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. As Heritage notes, “The acquisition of an example is undoubtedly the mark of an advanced specialist.”
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Just 74,000 were minted — one of the smallest mintages in the series — and most were struck for reserve to back gold certificates. A 1947 inquiry to the U.S. Mint revealed that just 3,250 were released and the survival rate of these today has proven low.
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?
As the description points out, the certified population reveals the 1930-S Saint-Gaudens double eagle to be the second-rarest regular issue in the series behind only the 1927-D coin. The Cherny Collection’s example is graded PCGS MS-64 and has a CAC sticker, and brought $146,875. The finest known example, estimated to grade MS-68, is housed in the National Numismatic Collection at the Smithsonian Institution.
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.
‘Elite status’ of 1927-S Saint-Gaudens double eagle leads MS-65 example to healthy price: Like the 1920-S coin, the 1927-S double eagle has not been found in any substantial quantities in European hoards.
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