Lot 2823
1931 $20 St. Gaudens. PCGS graded MS-63. A popular key date. Well struck with light golden toning. A lustrous example that has rich frosty golden luster. A great deal of strength in the design is seen at Liberty and the eagle on most of this P-mint release, and here to it is probably that the dies were spaced at exactly the right distance apart to prevent any weak metal flow in the key areas. The designs are very strong for the date, the luster fresh and glowing. Pop 8; 65 finer. (PCGS # 9192) .
Pressure in the international money markets in 1931 first caused immense amounts of gold to flow out of American banks into European and domestic hoards. This resulted in bank runs and panic everywhere, but centered (at least in 1931) in London, Austria, and Germany, where each government in its turn "went off gold" as the quaint saying has it.
Estimated Value $55,000 - 60,000.
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| Realized $74,750 |
