1929 $20 MS (PCGS# 9190)

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5119
  • Grade:
    MS65
  • Price:
    $66,125.00
Lot Description
1929 $20 MS65 PCGS. The year 1929 marks a distinct line of demarcation in the Saint-Gaudens double eagle series between common and rare. The 1928 Philadelphia twenty is a well-known and popular type issue that is well-produced and generally available in high grades. The David Akers Handbook (second edition, 2008) says, "The 1928 is one of the most common Saint-Gaudens Double Eagles, and it is obtainable in quantity in all grades from MS-60 to MS-66." On the other hand, each Saint-Gaudens double eagle, beginning with the 1929 and continuing through the series' end in 1933, is a major rarity. Excluding the uncollectible 1933s, the five issues that usher in the series' end comprise the 1929, the 1930-S, the 1931 and 1931-D, and the 1932. Of those five issues, the 1929, while still quite rare in an absolute sense, is the most available overall. Most examples of the 1929, however, are confined to the lower Mint State grades, and in Gem and finer condition, the issue takes a sudden leap upward, becoming rarer than the 1931 and 1932 issues. Writing in the 1988 edition of the Handbook, Akers commented that there is little appreciable rarity difference from MS60 to MS63 for the 1929, {blockquote}" ... since there are as many choice Mint State examples of this issue in existence as there are minimal Mint State ones. I have seen only a few really exceptional quality 1929 double eagles, coins that were definitely better than MS-65, but I know of at least two in prominent private collections that have strong claim to grading full MS-67. However, I have seen more super examples of the 1931 and 1932 than I have of the 1929, so it may come as a surprise to some that one is probably more likely to be able to find an MS-65+ or better 1931 or 1932 than a similar quality 1929."{/blockquote} This is an exceptional MS65 example, and is seldom seen as such. The surfaces are satiny and virtually unmarked. The strike is complete throughout, and each side displays light, even orange-gold col
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