1929 $20 MS (PCGS# 9190)

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5969
  • Grade:
    MS64
  • Price:
    $41,125.00
Lot Description
1929 $20 MS64 PCGS. The historical arc of the 1929 double eagle as a collectible coin is marked by periods of both underestimation and overestimation of the number of survivors. Its inclusion with the double eagles of 1930-1933 as the "Late-Date Saints" is partly a disservice; while the 1929 was a great rarity to collectors who sought an example after the mass meltings of the 1930s (see the J.F. Bell Collection of 1944, where the 1929's price stacked up with later dates in the series), by the 1960s examples were being repatriated and the issue's price was not keeping up with those of the 1930s. Later on, though, multiple sources gave the wrong impression that the 1929 double eagle was more common than it really was. The so-called "England hoard of 1984," an alleged group of 40 1929 double eagles found in that place and time, actually was a joke between dealers that made its way to Walter Breen, who published it as fact. In this century, A Guide Book of Double Eagle Gold Coins by Q. David Bowers radically overstated the coins' prevalence in the marketplace; Bowers' 2004 claim about the 1929 double eagle that "nearly 1,000 have been certified" clashes with a combined certified population of just 319 pieces as of (11/12). As an MS64 representative, this 1929 double eagle lands in the heart of the grading range for the issue, and finer certified examples are condition rarities. Luster is bright, swirling apricot-gold with a few splashes of brighter yellow. Though several small marks and scrapes appear on each side, the coin has great arm's-length eye appeal.
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