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 |
