Lot 2682
1911-D $20 St. Gaudens. PCGS graded MS-64. Lightly toned. A solid example of an orange tinted gold coin with minimal abrasions or marks. In their day, Saint-Gaudens $20 gold pieces rarely circulated (which is why few are seen in grades more worn than, say, EF). Instead, these were used for bank reserves (stored in vaults) or accepted in international funds payments between governments or private banks. During one phase of the banking panic in 1932-33, caravans of armored trucks were photographed leaving the Federal Reserve building in New York City for the docks, where the cargo was loaded onto ships for European recipients (PCGS # 9158) .
Estimated Value $675 - 725.
Ex Dr. Hesselgesser.
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| Realized $978 |
