Goldberg Coins and Collectibles



Sale 67

The Pre-Long Beach Auction


$20.00 Gold
 
 
Lot Photo Description Realized
Lot 1971
1915-S. PCGS graded MS-64. Bright and lustrous. Struck with meticulous care by the dies as was pretty much the case with most D and S mint issues in the early 1910s. Sleek, satin luster throughout (PCGS # 9168) .
Estimated Value $1,700 - 1,750.
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Realized
$2,128
Lot 1972
1916-S. PCGS graded MS-65. A hint of light gold toning. Snappy luster and eye-appeal that just won't quit. The quintessential Gem. Rounding out the first decade of Saint-Gaudens double eagles, the 1916-S is readily available in Mint State, MS60 through MS65, but not all have the charms and beauty of this specimen. Some searching may be needed to find a choicer example. The 1916-S represents the only double eagle issue of this year and also the only coin of this denomination minted from this point until coinage resumed in 1920. At the time, within the United States, double eagles were hardly ever seen in circulation after about 1916-7, except perhaps in remote towns in the interior of the American West. The $20 gold piece was mainly relegated to the status of an international trade coin, although millions of other gold coins were kept in Treasury Department vaults as backing for Gold Certificates (PCGS # 9169) .
Estimated Value $1,900 - 2,000.
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Realized
$2,875
Lot 1973
1920. PCGS graded MS-62. Nicely toned (PCGS # 9170) .
Estimated Value $1,600 - 1,650.
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Realized
$1,898
Lot 1974
1920-S. PCGS graded MS-64. In a new PCGS shield holder. 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 10; 1 in 64+, 4 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 $120,000 - 130,000.
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Lot 1975
1922. PCGS graded MS-65. A brilliant gem example. The color is a rich blend of flashy gold color and satin smooth shades in the field luster. Desirable with this controlled strike and surface originality. A gem. Pop 1198; 20 finer, 3 in 65+, 7 in 66 (PCGS # 9173) .
Estimated Value $3,100 - 3,300.
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Lot 1976
1922. NGC graded MS-64. Nice and frosty (PCGS # 9173) .
Estimated Value $1,700 - 1,750.
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Realized
$2,070
Lot 1977
1922. PCGS graded MS-63. Lightly toned (PCGS # 9173) .
Estimated Value $1,650 - 1,700.
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Realized
$1,898
Lot 1978
1922. NGC graded MS-63. Frosty and untoned (PCGS # 9173) .
Estimated Value $1,650 - 1,700.
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Realized
$1,898
Lot 1979
1922. PCGS graded MS-63. Lightly toned and nicely struck for the issue. Among P-mints of the 1920s, the 1922 is famous for its increasing rarity in grades above MS63 (along with rapidly rising cost to collectors) (PCGS # 9173) .
Estimated Value $1,650 - 1,700.
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Realized
$1,898
Lot 1980
1922. NGC Unc Details, improperly cleaned (PCGS # 9173) .
Estimated Value $1,500 - 1,550.
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Realized
$1,783
Lot 1981
1922-S. NGC graded MS-65. A brilliant untoned gem specimen. In modern times many 1922-S double eagles have appeared on the auction scene, in sharp contrast to the vaunted rarity of the variety in early times. Most are in Mint State 60 to 63, however, and bagmarked; anything finer remains a rarity. While somewhat over 1,000 examples are estimated to exist, the floating supply in the market at any one time is very small, confirming the great demand for key date Saint-Gaudens double eagles and also the fact that many are in the major collections -- or in the hands of investors for the most part who are not an active part of the coin collecting fraternity. It seems likely that most of the 1922-S coins were retained in the United States and melted in 1937. However, thousands were exported. This was an ideal situation for the numismatists, as foreign banks held in reserve many coins that would have been destroyed had they remained in America.

The 1922-S double eagle used to be in the "impossible" category, in point of fact. In recent generations quite a few have returned from overseas, making the variety obtainable. To reiterate: high grades, especially gem preservation as offered here, remain very difficult to obtain. Given the extensive experience of NGC, dating back to 1980s, only eleven other certification events have taken place at this level (not necessarily representing different coins), and just three higher.

For the specialist in Saint-Gaudens twenties the present coin is a rare catch, one of the highlights of the $20 gold selection in our present sale. Pop 12; 3 finer in 66 (PCGS # 9174) .
Estimated Value $30,000 - 35,000.
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Realized
$28,750
Lot 1982
1923. PCGS graded MS-64. Mostly untoned (PCGS # 9175) .
Estimated Value $1,700 - 1,750.
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Realized
$2,128
Lot 1983
1923-D. NGC graded MS-66. Lustrous with rich mint bloom colors, the surfaces radiant and gleaming (PCGS # 9176) .
Estimated Value $2,600 - 2,700.
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Realized
$2,645
Lot 1984
1923-D. PCGS graded MS-65. A brilliant untoned gem. Among the various popularly-collected dates in this series, the 1923-D almost always has splendid, satiny luster as though the Denver Mint went out of its way to produce the most superior product it could that year. What a sterling example! (PCGS # 9176) .
Estimated Value $2,000 - 2,100.
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Realized
$2,185
Lot 1985
1923-D. PCGS graded MS-65. A golden-orange gem, fully struck on a gorgeous, problem-free planchet. At the time this was minted, $20 equaled the pay of a Ford factory assemblyline worker for 4 days ($5 per day pay). Thriteen to fourteen such $20 gold pieces would have bought you a brand-new 1923 Ford Model T automobile (PCGS # 9176) .
Estimated Value $2,000 - 2,100.
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Realized
$2,070
Lot 1986
1924. PCGS graded MS-65 CAC Approved. An intensely brilliant and well struck gem example. With flattering mint luster and a minimum number of wispy abrasions, this handsome coin is every bit the Gem. Sheer boldness of strike throughout (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
The William H & Beuelaress K. Helem Collection.

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Realized
$2,530
Lot 1987
1924. PCGS graded MS-65. Untoned, with the classic detail and glowing luster of a true Gem BU. The 1920s was a period of business activity unmatched in American history to that time. Large shipments of goods across the country and to every land across the sea called for huge transfers of gold money or gold deposits by importers. Hence, the need for this largest circulating denomination, the Saint-Gaudens $20 gold piece. Even after the Great Depression was well underway in the 1930s, Europeans cashed in their stocks and bonds and took payment in the ubiquitous double eagles, many millions of which found their way to European bank vaults (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
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Realized
$2,156
Lot 1988
1924. NGC graded MS-65. A lovely gold gem specimen (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
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Realized
$2,070
Lot 1989
1924. PCGS graded MS-65. Intensely frosty and untoned. Devices foursquare and bold on this outstanding example (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
The William H & Beuelaress K. Helem Collection.

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Realized
$2,128
Lot 1990
1924. PCGS graded MS-65. Bright and frosty (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
The William H & Beuelaress K. Helem Collection.

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Realized
$2,070
Lot 1991
1924. PCGS graded MS-65. A sparkling untoned gem. A nice golden luster shoots from this coin (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
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Realized
$2,070
Lot 1992
1924. PCGS graded MS-65. Frosty and untoned. This is a remarkably lustrous Gem wjpse reddish-gold features are alive with rich mint radiance. The fully detailed surfaces are knocking on the door of an even higher grade (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
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Realized
$2,128
Lot 1993
1924. PCGS graded MS-65. Lovely golden toning with swirling luster throughout (PCGS # 9177) .
Estimated Value $1,900 - 2,000.
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Realized
$2,185
Lot 1994
1924. PCGS graded MS-64 CAC Approved. Nice, bright and frosty (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$2,128
Lot 1995
1924. NGC graded MS-64. Light gold toning (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,128
Lot 1996
1924. PCGS graded MS-64. Frosty with lovely shades of golden toning. Those who covet $20 gold pieces with lots of mint bloom, will also want to take stock of the coin's eye-catching detail: Clockwork precision seen in the main devices (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,070
Lot 1997
1924. PCGS graded MS-64. Delicately toned (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 1998
1924. PCGS graded MS-64. Fully lustrous with hints of golden tone (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 1999
1924. PCGS graded MS-64. Toned and very frosty (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 2000
1924. PCGS graded MS-64. Untoned and very frosty. Luminous, satiny luster and first-rate detail for this common date issue. The surfaces are brilliant (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$1,984
Lot 2001
1924. PCGS graded MS-64. Frosty and toned. A very choice example with admirable luster and surfaces that are free from all but the most trifling luster grazes (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 2002
1924. PCGS graded MS-64. Lightly toned and frosty. The choice technical grade of this piece is fully matched by the intangible qualities that constitute eye appeal, making the present coin one of the more memorable examples of its year (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 2003
1924. PCGS graded MS-64. Lightly toned (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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Realized
$2,013
Lot 2004
1924. PCGS graded MS-64. Light golden toning. Crisp golden warmth, virtually undisturbed mint luster all original and alluring (PCGS # 9177) .
Estimated Value $1,700 - 1,750.
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$2,013
Lot 2005
1924. PCGS graded MS-63+. CAC Approved (PCGS # 9177) .
Estimated Value $1,650 - 1,700.
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Realized
$1,955
Lot 2006
1924. NGC graded MS-63. Frosty and untoned (PCGS # 9177) .
Estimated Value $1,600 - 1,650.
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Realized
$1,926
Lot 2007
1924. PCGS graded MS-63. Brilliant and untoned (PCGS # 9177) .
Estimated Value $1,600 - 1,650.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,898
Lot 2008
1924. PCGS graded MS-63 CAC Approved. Nice and frosty (PCGS # 9177) .
Estimated Value $1,600 - 1,650.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,926
Lot 2009
1924. PCGS graded MS-63. Frosty and untoned. We note a few minor copper spots (PCGS # 9177) .
Estimated Value $1,600 - 1,650.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,898
Lot 2010
1924-D. PCGS graded MS-64. Well struck and totally brilliant with lovely golden frosty mint surfaces. Pop 167; 10 finer, 7 in 65, 3 in 66 (PCGS # 9178) .
Estimated Value $12,000 - 13,000.
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Lot 2011
1925. PCGS graded MS-65. A hint of light gold toning. The luster is superior for the issue, and wonderful bright fields peer through rich flaming-gold color. All devices were struck with such force and purpose by the dies that elements show with razor-edge detail (PCGS # 9180) .
Estimated Value $1,900 - 2,000.
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Realized
$2,128
Lot 2012
1925. PCGS graded MS-64. Intensely lustrous and untoned (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,898
Lot 2013
1925. PCGS graded MS-64 CAC Approved. Lustrous and untoned (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,926
Lot 2014
1925. PCGS graded MS-64. Untoned and quite choice (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,955
Lot 2015
1925. PCGS graded MS-64 CAC Approved. A very choice example, untoned (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,984
Lot 2016
1925. PCGS graded MS-64 CAC Approved. Intensely lustrous, untoned (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
The William H & Beuelaress K. Helem Collection.

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Realized
$2,041
Lot 2017
1925. PCGS graded MS-64. Very frosty (PCGS # 9180) .
Estimated Value $1,700 - 1,750.
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Realized
$1,984
Lot 2018
1925. PCGS graded MS-63 CAC Approved. An intensely lustrous untoned example (PCGS # 9180) .
Estimated Value $1,600 - 1,650.
The William H & Beuelaress K. Helem Collection.

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Realized
$1,984
Lot 2019
1925. PCGS graded MS-63. Frosty and untoned (PCGS # 9180) .
Estimated Value $1,600 - 1,650.
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Realized
$2,010
Lot 2020
1925. PCGS graded MS-63. Fully lustrous (PCGS # 9180) .
Estimated Value $1,600 - 1,650.
The William H & Beuelaress K. Helem Collection.

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Unsold



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