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Sale 78
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Lot 1854
1930-S. PCGS graded MS-65. CAC Approved. As fresh as the day it was minted! Well struck and sparkling with intense mint luster boasting natural golden bloom colors. The cheek is remarkably clean and thus clearly justifies the CAC sticker. This gem has not been outside of the safe deposit box for nearly 50 years!
As America's circulating $10 gold production declined throughout the 1920s and the Great Depression tightened its grip, San Francisco's output became gradually more erratic. The West Coast coin factory was the only site to strike Eagles in 1916. No U.S. gold coins were struck for circulation in 1917-19. Afterward, while twenty dollar output remained high in the 1920s at all three Mints, the end of the ten dollar denomination was fitful, with a ten years hiatus between the famous 1920-S Eagles and the 1930-S pieces, except for a lone high production Philadelphia issue in 1926. The Eagles and Double Eagles minted at San Francisco in 1930 would be the last U.S. gold coins struck at that Mint until 1984.
The 1930-S Eagles, already few in number from the low mintage of 96,000 struck, was reduced further by the gold meltings of the Roosevelt Administration. The vast majority of survivors are in varying degrees of Mint State, indicating an issue that met the same fate as many of the other melt rarities of the period. Garrett and Guth, in their Encyclopedia of U.S. Gold Coins, write: "In overall terms of rarity, this date ranks a little behind the 1920-S, with just a few hundred known in all, and those are scattered over the grading spectrum."
Most 1930-S specimens share certain physical traits. When seen, the 1930-S tends to be thickly frosted, a common trait on S-mint tens in this series. Also, the color is often vibrant yellow to greenish gold with pinkish overtones present on many of the highest-graded examples. This handsome gem 1930-S illustrates the point exactly! Pop 14; 7 finer, 1 in 65+, 5 in 66, 1 in 67 (PCGS # 8883) .
Estimated Value $50,000 - 60,000.
The Del Valle Collection.
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