Goldberg Coins and Collectibles

Sale 47

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Lot 4490

1932 $20 St. Gaudens. NGC graded MS-66. NGC serial #1508325-003. Lovely shades of golden and orange toning. A rare date. What is most noticeable when one first examines this coin is its vibrant mint luster -- it swirls from side-to-side unimpeded by noticeable abrasions and unscathed by even a hint of tarnish. A coin of singular beauty and importance to the collector. We have mentioned the luster. In winding down this description, we point to it being a strongly struck coin, 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 went along and the worldwide bank panic spread throughout America. All the same, 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 club of rare dates, a string of $20 issues whose numbers 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 Countrywide Bank if it would provide the funds to bid on it. It goes without saying these only appear for sale in major public auctions. Pop 10; 3 finer in 66 Star. (PCGS # 9194) .
Estimated Value $110,000 - 120,000.
Ohringer Family Trust Holdings.

Realized $126,500

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