Goldberg Coins and Collectibles



Sale 51

Pre-Long Beach Coin and Currency Auction


$20 Gold
 
 
Lot Photo Description Realized
Lot 1693
1909-S $20 St. Gaudens. NGC graded MS-61. Toned. Double eagles were America's workhorse gold coins for international transactions. If gold bars weren't available for export from the Treasury or banks, the $20 denomination was the next best thing and vast quantities of double eagles went overseas in the three-quarters of a century this denomination was in use (PCGS # 9153) .
Estimated Value $925 - 1,000.
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Realized
$1,208
Lot 1694
1910 $20 St. Gaudens. NGC graded MS-61. Lightly toned (PCGS # 9154) .
Estimated Value $925 - 1,000.
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Realized
$1,208
Lot 1695
1910-D $20 St. Gaudens. PCGS graded MS-64. Uniform golden toning and uniformly pleasing with its original luster and sharp strike. As in the $10 Eagle for 1910-D, the mintmark is large and wide. Later issues from the mint would acquire a much smaller "D." In an old green label holder (PCGS # 9155) .
Estimated Value $1,250 - 1,300.
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Realized
$1,840
Lot 1696
1911 $20 St. Gaudens. NGC graded MS-61. Slightly lower mintage is found at Philadelphia than the other two mints in this period (PCGS # 9157) .
Estimated Value $950 - 1,000.
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Realized
$1,208
Lot 1697
1911-D $20 St. Gaudens. NGC graded MS-64. Nice golden toning. A lustrous example that has beaming mint brilliance and choice surfaces. Denver mintmark much smaller beginning in 1911 than the wider "D" used in 1908-10 on these (PCGS # 9158) .
Estimated Value $1,100 - 1,150.
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Realized
$1,553
Lot 1698
1911-D $20 St. Gaudens. NGC graded MS-64. Light golden toning. A short mark to the left of Liberty; ample luster throughout, gleaming and satiny, with sharp devices that are a hallmark of the 1911-D twenties (PCGS # 9158) .
Estimated Value $1,100 - 1,150.
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Realized
$1,495
Lot 1699
1912 $20 St. Gaudens. NGC graded MS-61. Lightly toned. With the recent strong demand from gold buyers, we expect to see these double eagles receive multiple bids (PCGS # 9160) .
Estimated Value $950 - 1,000.
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Realized
$1,265
Lot 1700
1913-D $20 St. Gaudens. NGC graded MS-65. Light toning on both sides. 393,500 minted. A satiny beauty. One faint line on the inner part of the arm holding the branch. Smooth, rolling luster and splashes of rich gold mingle on the satiny gem surfaces. The sharp strike is free of criticism, while the surfaces display little in the way of noticeable abrasions. The luster, while mostly satiny in sheen, reveals some suggestions of mint frost, particularly around Liberty. Pop 137; 7 finer in 66. (PCGS # 9162) .
Estimated Value $4,000 - 4,500.
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Realized
$4,600
Lot 1701
1914 $20 St. Gaudens. NGC graded Proof 66. A medium tan color gem matte Proof example. Only 70 Proofs struck. With so few Proof double eagles minted in 1914, and possibly even fewer distributed to collectors (this being the end of the era for matte Proof production), it is no wonder collectors yearn to own a gorgeous 1914 Proof. Survival estimates range from a low of 10 to 15 pieces on up to 20 to 25 coins (the latter being Akers's estimate).

Breen describes the 1914 Proofs as having a "coarse sandblast finish." Similar to 1911 and 1912, this piece has slightly larger granularity to the finish than does a comparable Proof 1913. Millions of tiny, diamond-sparkle facets comprise the sandblast finish, and so give it a unique sparkle which is almost mesmerizing when viewed under low-power magnification. There are no surface flaws that we can discover and the sharp detail compares favorably with the crispness seen on the finest examples of this Type. Considering this, as well as the irrefutable eye appeal of the coin, the Proof 66 grade places this in an illustrious group of high-end specimens. An extraordinary chance for the advanced numismatist to acquire a rare date Matte Proof twenty in tip-top condition. Pop 9; 4 in 67, 1 in 68 (PCGS # 9211) .

All 1914 Proofs were made with care. They were struck at the Philadelphia Mint on the mint's hydraulic medal press to insure even flow into the die recesses, and a bold relief. America's sandblast Proofs (often referred to as "Matte" finish in numismatic literature) resulted from some experimentation in 1907 at the mint after it was discovered the earlier mirror-finish with frosted relief quality was impossible to achieve on Saint-Gaudens' new design. Owing to the peculiarity of the design of the Saint-Gaudens coins, the entire planchet is struck in such a way that the whole surface of the coin loses the brilliant, polished finish so much valued by collectors. The net result was that the coins left the dies with a bright or satiny appearance. The officials at the Mint decided that since they could not make brilliant Proofs, and wanted something distinctive for collectors, they would sandblast the finished coins. One reason the sandblast surface was considered too radical is that it would prevent the Mint from putting any rejects into circulation. The few remaining sandblast or Matte Proofs of 1914 are the crème de la crème of numismatics today.
Estimated Value $60,000 - 65,000.
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Lot 1702
1914 $20 St. Gaudens. PCGS graded MS-64. Intensely lustrous with delicate golden toning. A very choice example. This conditionally rare P-mint contribution to the sale is brilliant with rich frosty surfaces. The strike is free of censure, being sharp in all areas including the face, toes, and all chest feathers on the eagle. Low mintage year (PCGS # 9164) .
Estimated Value $5,000 - 5,500.
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Lot 1703
1914-S $20 St. Gaudens. PCGS graded MS-65. A golden gem Double Eagle with just a hint of natural toning. Typically frosty for the issue, the fresh golden surfaces which are nearly pristine with few singularly noticeable bagmarks. A munificent strike, as well as freedom from the usual toning spots typical for this issue where copper inclusion occurs sometimes. And that is why this is a Mint State 65 to jump at before it's sale is history (PCGS # 9166) .
Estimated Value $1,300 - 1,400.
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Realized
$1,840
Lot 1704
1914-S $20 St. Gaudens. NGC graded MS-64. Delicate golden toning adds to its appeal. A problem-free coin with luster racing over the surface, vivid and gold in appearance. What's more, the fields acquit themselves nicely in terms of the fewness of marks (PCGS # 9166) .
Estimated Value $1,100 - 1,150.
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Realized
$1,668
Lot 1705
1915 $20 St. Gaudens. PCGS graded MS-65. A magnificent gem specimen. Well struck with the facial features on Liberty complete and the surfaces are ablaze with gorgeous mint bloom color. A decidedly rare coin in this lofty grade. Pop 31; none finer. (PCGS # 9167) .

The low Philadelphia Mint issuance in 1913-15 may be related to the opening of the 12 regional Federal Reserve Banks, which took place towards the end of 1914. Before the newly authorized Federal Reserve System could begin operations, it had to acquire a large amount of gold in the form of gold coins (principally double eagles) as backing for the Federal Reserve Bank Notes and Federal Reserve Notes of the 1914 and later Series. At the time, World War I was in progress, which put immense strains on international transfers of gold. In fact, the U.S. government, at the request of the bankers, closed the New York Stock Exchange from the summer of 1914 until late that year in order to limit the amount of gold exports during the first feverish days of the War. This handsome 1915 $20 Saint is a reminder of those interesting times in American monetary history.
Estimated Value $20,000 - 22,000.
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Lot 1706
1915 $20 St. Gaudens. PCGS graded MS-64. Brilliant and untoned. A few stray (and light) bagmarks. An example whose rich frosty gold luster pulsates with an inner energy like atomic fission it is so bright and dazzling! Scarce low mintage issue. Pop 288; 32 finer in 65 (PCGS # 9167) .
Estimated Value $4,250 - 4,750.
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Realized
$4,744
Lot 1707
1915-S $20 St. Gaudens. NGC graded MS-65. Mostly untoned. A brilliant Gem with dazzling velvety luster, seemingly three-dimensional, almost jumping out at the viewer. Talk about a '15-S with a lot of life! Beyond that, the striking is needle sharp, everything comes together to yield an opportunity that should be quite worthwhile for the gold connoisseur. Excellent sharpness on all devices (PCGS # 9168) .

File this under "there's always a San Francisco connection" to our coin descriptions. Collectors have all heard of the Panama-Pacific International Exposition in San Francisco in 1915. It has also been learned that Charlie Chaplin, America's favorite clown and perhaps the most influential performer in motion picture history, shot a silent movie on location in and around Golden Gate Park. "A Jitney Elopement" featured a case of mistaken identity, a jitney automobile ("flivver"), a standard mustachioed badman and -- inevitably -- madcap hilarity. This milestone 1915 production has been described as the first "Chaplinesque" Chaplin film.
Estimated Value $1,300 - 1,400.
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Realized
$1,783
Lot 1708
1915-S $20 St. Gaudens. PCGS graded MS-63. Nice light golden toning. A solid example of an vibrant gold coin with minimal abrasions or marks (PCGS # 9168) .
Estimated Value $950 - 1,000.
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Realized
$1,380
Lot 1709
1915-S $20 St. Gaudens. PCGS graded MS-63. A choice frosty mint example with natural warm golden color in an old green label holder (PCGS # 9168) .
Estimated Value $950 - 1,000.
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Realized
$1,553
Lot 1710
1916-S $20 St. Gaudens. NGC graded MS-64. A choice example with delicate original golden toning. The otherwise warm color deepens to polychrome-gold shadings in select areas; velvet-like luster on both sides. Only San Francisco Mint struck gold pieces for commerce in 1916 (half eagles, eagles, and double eagles) -- though Philadelphia did strike an issue of commemorative gold dollars for the McKinley Memorial celebration (PCGS # 9169) .
Estimated Value $1,100 - 1,150.
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Realized
$1,898
Lot 1711
1916-S $20 St. Gaudens. NGC graded MS-63 PQ. A very choice example with nice frosty mint surfaces. The United States is the only major country during World War I (1914-18) that remained on the gold standard. Gold coinage was, however, suspended in 1917-19 after this 1916-S issue of double eagles, but Americans as well as foreigners could still do their transactions in gold coins and gold bars if they chose to. The $20 denomination would not be issued again until 1920 (PCGS # 9169) .
Estimated Value $1,000 - 1,050.
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Realized
$1,495
Lot 1712
1916-S $20 St. Gaudens. NGC graded MS-62. A pleasing frosty mint example (PCGS # 9169) .
Estimated Value $950 - 1,000.
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Realized
$1,380
Lot 1713
1916-S $20 St. Gaudens. NGC graded MS-62. Delicately toned (PCGS # 9169) .
Estimated Value $950 - 1,000.
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Realized
$1,323
Lot 1714
1920 $20 St. Gaudens. NGC graded MS-61. Lightly toned; some marks on the body and in the field (PCGS # 9170) .
Estimated Value $925 - 950.
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Realized
$1,265
Lot 1715
1920-S $20 St. Gaudens. PCGS graded MS-64 Hesselgesser. Well struck and frosty with hues of golden-orange and olive. We are pleased as can be to have been awarded this extremely rare coin for auction. Throw away the mintage figures since, of the 558,000 struck, perhaps no more than a few score survive today in all grades. The rest were melted or otherwise lost. This date is so rare that Breen estimated the number to survive at 8-12 when he compiled the information for his Encyclopedia in the 1970s (the book was published in 1988). Today, with the advantage of the PCGS and NGC Population Reports a fair number (but not a large number) have been graded by PCGS and NGC services. The census no doubt includes some duplication between them, so the total might be adjusted downward. This attractive MS64 is one of the best, as PCGS reports only 13 this high, with four graded higher! Carefully struck for the date, with full details on the devices, and just a minor scattering of ticks limiting this from full gem status. Identifiable by a small above the 20 in the date and another, among several, below the lowermost leaves of the branch in Liberty's outstretched hand. Also a couple of parallel scuffs on the upper curve of one wing on the reverse. Booming luster and a wonderful example for the specialist to purchase for a date set. One of the centerpieces among the double eagle offerings in this sale, we feel it is destined for similar distinction in an advanced collection of this beautifully rendered gold series. Pop 12; 5 finer with 3 in 65, 2 in 66 (PCGS # 9171) .

The history of this 1920-S issue is sad but interesting. As is the case with other $20 gold pieces struck during the Roaring 'Twenties and early 'Thirties, mainly these were stored in bank vaults as backing for checking account deposits and Gold Certificates, the principal "hard money" back then. Gold $20s and gold bars were also the principal export medium in hard-money specie payments for imports. People have forgotten that under a gold standard (which ended in 1933), paper money and checking deposits weren't money at all but were commonly termed "money substitutes" or "promised money" payable on demand in the monetary metal. They were described as such in the college textbooks.

All went fairly well but with emerging distress in the system when, at the depths of the Great Depression, a February to March 1933 banking panic caused the Roosevelt administration to withdraw gold from circulation. The amount withdrawn is estimated at $2.8 billion (or approximately. $130 billion at today's gold price).

Whatever coins resided in the banks and at the various sub-Treasury buildings around the country were transferred to the government's account. In their place were issued Series of 1929 Federal Reserve Bank Notes. Numismatists may remember these from their brown seal and serial numbers. These had the backing of The Full Faith and Credit of the Government instead of hard assets.

(Most 1920-S twenties that weren't exported from this group now owned by the government were melted beginning in 1937, to be turned into heavy 400-oz. "Coin-Gold" .900 Fine bars that are today stored in such depositories as Fort Knox. Gold ownership was re-legalized in January 1975, through an act of congress.).
Estimated Value $150,000 - 160,000.
Ex Hesselgesser Collection.

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Lot 1716
1921 $20 St. Gaudens. NGC graded MS-62. A frosty example, lightly toned. Light bagmarks are noted on both sides, none of which are noteworthy. A mostly brilliant Brilliant Uncirculated example and well within the broad confines of the "Choice" category. Gleaming effervescent luster with its wisp toning boosts the visual attractiveness of the coin with its residual cartwheel frost. A few scattered marks as noted are to be found on the obverse, including some small ones at the thigh and another below the lowest bunch of leaves in the branch, while the reverse has a few marks on the main wing feathers.

Broadly speaking, there are three classes of double eagles: common dates (of which hundreds of thousands are known), scarce dates (with a few hundred to a couple of thousand available, but not always seen in every auction), and then we have the truly rare dates. 1921 exemplifies the latter class. A decidedly low mintage of 528,500 pieces was produced in the depths of the short, deep post-World War I business depression. Like other twenties in those days, most of the 1921 issue was kept in storage in U.S. Treasury vaults and presumably melted after 1933, with only a few score reaching actual circulation. Fewer still were preserved in Mint State grades (unlike the post-1929 rarities which all tend to be in Uncirculated condition). David Akers' research established that more than half of all extant specimens are in circulated grades, while most of the others grade no higher than Mint State 60. This coin's appreciably better status places it at High Rarity-7 in Akers' rarity scale.

In terms of total pieces known, the 1921 is fourth rarest in the Saint-Gaudens double eagle series after the 1907 Ultra High Relief, 1927-D, and 1933. Although there may be more 1921 double eagles in numismatic collections, the date is more difficult to find in Mint condition than even the widely admired 1930-S and 1931-D. That makes this attractive Mint State 62 an offering of considerable importance to 21st century gold specialists. Be forewarned: Bidders may be surprised to feel a shrewd kick in their estimates arising from the other savvy competitors in the room hoping to snag it when this piece crosses the auction block. Pop 14; 10 finer with 8 in 63, 2 in 64 (PCGS # 9172) .
Estimated Value $140,000 - 150,000.
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Lot 1717
1922 $20 St. Gaudens. NGC graded MS-65. Nice golden toning. Sun-fresh gold, indeed gleaming with satin luster, and fully radiant with a near-perfect strike. Not to go overboard, there is a wealth of detail seen throughout Liberty and the eagle on this better-dated 1922 specimen. Pop 428; 9 finer; 1 in 65 Star; 7 in 66; 1 in 66 Star. (PCGS # 9173) .
Estimated Value $3,500 - 3,800.
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Lot 1718
1922 $20 St. Gaudens. PCGS graded MS-65. A gem double eagle. Impressively preserved on the obverse, the resounding gold tone resonates to the eye. As for the reverse, the eagle flies through a smooth golden sky with limitation on the bagmarks indicating an even nicer grade. The devices were struck with such determined force by the dies that all design elements show boldly. Pop 1,114; 7 finer in 66 (PCGS # 9173) .
Estimated Value $3,500 - 3,800.
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Lot 1719
1922 $20 St. Gaudens. PCGS graded MS-65. Nice golden toning. This is a virtually blemish-free case in point of the scarcer 1922 in this grade: sleek gold in color, with Gem quality mint bloom that grabs hold of the full effect of the careful preservation since it was made. A great deal of stress is laid on the strike detail of these, as well, and this piece is sharply struck on all devices (PCGS # 9173) .
Estimated Value $3,500 - 3,800.
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Lot 1720
1922 $20 St. Gaudens. PCGS graded MS-64. Light reddish-golden toning. A choice, frosty coin (PCGS # 9173) .
Estimated Value $1,100 - 1,150.
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Realized
$1,553
Lot 1721
1922 $20 St. Gaudens. NGC graded MS-64. Nice golden toning. Beams of frosted mint luster and rich tawny reddish-gold hues. 1922 was the first year of swift economic recovery after a short business hiatus in 1920-21 (PCGS # 9173) .
Estimated Value $1,100 - 1,150.
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Realized
$1,495
Lot 1722
1922 $20 St. Gaudens. NGC graded MS-61 (PCGS # 9173) .
Estimated Value $925 - 950.
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Realized
$1,208
Lot 1723
1922-S $20 St. Gaudens. NGC graded MS-62. Bright and frosty with the normal allotment of contact marks; a desirable San Francisco mint date from the 1920s (PCGS # 9174) .
Estimated Value $2,700 - 2,800.
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Realized
$2,760
Lot 1724
1923-D $20 St. Gaudens. NGC graded MS-66. Rich golden toning on both sides. The deeply struck, fiercely brilliant satin surfaces of the '23-D are draped in lovely patina here and show minimal abrasions. Crisp detail on all devices, of course, since this issue happens to be the best all-around Denver Mint issue in the series. A wonderful coin. Pop 725; 79 finer; 44 in 66 Star; 34 in 67; 1 in 68. (PCGS # 9176) .
Estimated Value $2,200 - 2,300.
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Realized
$2,760
Lot 1725
1923-D $20 St. Gaudens. PCGS graded MS-65. A beauty exhibiting rich mint bloom colors, a hallmark of this Denver Mint strike. Full-bore Gem without any question as to its beauty or desirability. In an old green label holder (PCGS # 9176) .
Estimated Value $1,500 - 1,600.
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Realized
$2,243
Lot 1726
1923-D $20 St. Gaudens. PCGS graded MS-64. First generation holder. Mostly untoned. Has a small mark at the knee, probably the only thing invalidating a Gem 65 grade, since the surface condition is extremely smooth, satiny, and gorgeous (PCGS # 9176) .
Estimated Value $1,100 - 1,150.
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Realized
$1,668
Lot 1727
1923-D $20 St. Gaudens. PCGS graded MS-62 PQ. Bright and intensely lustrous thus our Premium Quality designation. There is a blush of attractive peach-orange toning around the obverse periphery. In a old green label holder (PCGS # 9176) .
Estimated Value $950 - 1,000.
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Realized
$1,265
Lot 1728
1924 $20 St. Gaudens. NGC graded MS-64. Frosty and lightly toned. American commerce was booming in 1924, which is evident in the elevated mintage figure for this year. A popular "Type" date (PCGS # 9177) .
Estimated Value $1,100 - 1,150.
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Realized
$1,495
Lot 1729
1924 $20 St. Gaudens. PCGS graded MS-64. A light touch of tone just starting to form (PCGS # 9177) .
Estimated Value $1,100 - 1,150.
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Realized
$1,495
Lot 1730
1924 $20 St. Gaudens. ANACS graded MS-63. A frosty example. Our grade is MS-61 or so.
Estimated Value $950 - 1,000.
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Realized
$1,179
Lot 1731
1924 $20 St. Gaudens. PCGS graded MS-62. Nice and frosty. Nearly a full ounce of gold in this denomination, to be exact, 0.9675 of an ounce, alloyed with 10% copper to toughen the coin for used in circulation (pure gold is too soft to be used as circulating coinage). In an old green label holder (PCGS # 9177) .
Estimated Value $950 - 1,000.
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Realized
$1,438
Lot 1732
1924 $20 St. Gaudens. NGC graded MS-62. A frosty, well struck specimen. With gold in great demand today, these affordable $20 Saints should attract a lot of attention (PCGS # 9177) .
Estimated Value $950 - 1,000.
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Realized
$1,380
Lot 1733
1925 $20 St. Gaudens. PCGS graded MS-65. A lovely coin with light golden toning, booming luster, and endless eye-appeal. A gem. Outstanding for the grade (PCGS # 9180) .
Estimated Value $1,300 - 1,400.
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Realized
$1,840
Lot 1734
1925 $20 St. Gaudens. NGC graded MS-64. Frosty and lightly toned. Opulent brilliant gold color is seen over each side with fresh originality on both sides. 1925 was a pivotal year in the Gold Standard when Great Britain, seeking to return to the Standard after being off during the First World War, sought the aid of America's Federal Reverse banks for lending support.
Estimated Value $1,100 - 1,150.
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Realized
$1,495
Lot 1735
1925 $20 St. Gaudens. ANACS graded MS-63. Lustrous. Our grade would be MS-61 or so.
Estimated Value $925 - 950.
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Realized
$1,179
Lot 1736
1925-D $20 St. Gaudens. NGC graded MS-65. A frosty gem specimen with delicate golden sunset toning on both sides with hints of light olive about the borders. Lovely rich shades of color. A key date. About as close to watertight perfection as can be expected, this vibrant 1925-D makes for eye-popping originality when examined closely and with a discerning eye. As soon as one sees the booming luster, it comes as no surprise everything is razor-sharp on all devices. All sorts of succulent thoughts come to mind when we examine it, but the best that can be said its that the coin easily fits into the fabric of MS65 standards. It is a lock-solid MS65. And it has the enormous advantage that it can never be repeated in many auctions due to the low population, which we list at the end of this discussion. When a numismatist has given you those lengthy virtues, which is about all he ever thinks of, then the baton is passed to the auction bidder to tell the world what he believes the coin thus described is worth. Pop 7; 1 finer in 66 (PCGS # 9181) .

Historic note: Like the 1924-D twenty, the 1925-D also had its rarity ranking readjusted since the mid-20th century by the emergence of a few small hoards overseas.
Estimated Value $100,000 - 110,000.
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Lot 1737
1925-S $20 St. Gaudens. PCGS graded MS-63 PQ. Lovely rich golden toning. Strikingly brilliant throughout with no major marks present to sidetrack your enjoyment of the smooth brilliant golden finish and bold designs. This is a generally well-struck example of an S-mint date from the mid-twenties, with good details. It has no bothersome points of wear but as is often the case, the dies left their partly rigid impression behind with some modest weakness or imprecision at the reverse rims (a characteristic of 1925-S as well as others from 1922-S to 1927-S). Pop 73; 39 finer (PCGS # 9182) .
Estimated Value $19,000 - 20,000.
Ex: Hesselgesser Collection.

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Realized
$18,975
Lot 1738
1926 $20 St. Gaudens. NGC graded MS-64. A nice untoned coin. A golden bright specimen glowing with original mint bloom. Housed in a new NGC 4 prong holder (PCGS # 9183) .
Estimated Value $1,100 - 1,150.
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Realized
$1,553
Lot 1739
1927 $20 St. Gaudens. PCGS graded MS-66. Delicate hints of light golden toning. A luxuriant example whose vivid, booming color undulates and billows across the surface like molten lava. Pop 4869; 12 finer in 67 (PCGS # 9186) .
Estimated Value $2,200 - 2,300.
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Realized
$2,530
Lot 1740
1927 $20 St. Gaudens. NGC graded MS-65. Star. A gorgeous golden-orange mint gem with superior eye appeal thus the star designation. The fully brilliant example we now hand over bidders beats (from a technical angle) practically all of the Gem 1927s that have passed through the various grading services.
Estimated Value $1,400 - 1,500.
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Realized
$1,955
Lot 1741
1927 $20 St. Gaudens. PCGS graded MS-65. A lovely coin with original light golden toning. The surfaces are sleek and they glow with a healthy display of gem quality luster. There is no copper spotting but there is a lovely natural pinkish aura around Liberty (PCGS # 9186) .
Estimated Value $1,300 - 1,400.
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Realized
$1,840
Lot 1742
1927 $20 St. Gaudens. NGC graded MS-65. An intensely brilliant untoned example. In addition, the coin displays tremendous detail from a very positive strike, which collectors like better to see than wishy-washy detail; again, the surfaces impart sharp beautiful golden hues on this Gem (PCGS # 9186) .
Estimated Value $1,300 - 1,400.
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Realized
$1,840



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