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Sale 78
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Lot 1915
1932. PCGS graded MS-65. A stunning boldly struck gem sparkling with brilliant frosty mint luster. The natural mint bloom color adds to its appeal. What is most noticeable when one first examines this coin is its indeed the vibrant mint luster -- it swirls from side-to-side unimpeded by heavy abrasions and unscathed by even a tincture of tarnish. A coin of singular beauty and importance to the collector. We have mentioned the luster. In winding down the technical aspects, we point to it being a strongly struck coin, one with sharp detail to all the important high points. The 1932 Saint-Gaudens is a modern day rarity whose numbers have not been increased over the years by hoards or European stockpiles as have other dates in the series. There were 1.1 million pieces struck. This is a fair number, given the increased pressure on the banks for gold coins for hoarding as the year 1932. This went along with the worldwide bank panic as it spread throughout America. With that as background, only a few score exist today in all grades, mainly bagmarked MS61 to MS63. The 1932 is a member of a very select group, not unique, but certainly exclusive among the 1929-32 stable of rare dates, a string of $20 issues that were nearly all melted down. Most coin collectors and non-specialists have never seen one of these coins. Most would mortgage their mother-in-law to if it would provide the necessary funds to bid on it. It goes without saying these only appear for sale in major public auctions.Pop 32; 10 finer, 1 in 65+, 8 in 66, 1 in 66+ (PCGS # 9194) .
Estimated Value $70,000 - 80,000.
Ex: Carl S. Carlson and Arthur H. Shipkey Collections November 8-10, 1976 Lot 175 The Del Valle Collection.
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| Realized $85,188 |
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