Lot 1541
1924-S $20 St. Gaudens PCGS MS63. PCGS graded MS-63 PQ. CAC Approved. This is one of the key dates to the Saint-Gaudens series as virtually all of the original mintage of nearly 3 million pieces was melted in the early to mid 1930s when gold coins were called in and melted into gold bars to be stored in Fort Knox. Furthermore, unlike many other dates, no vast quantity of these 1924-S double eagles made it over to Europe to escape this mass melting. Dates in the 1920s were particularly affected to the degree that in the 1940s it was believed that only a few examples existed of the 1924-S. In fact this date was considered the rarest Saint-Gaudens double eagle for many years, before the 1927-D won that battle as virtually no examples were found in Europe, along with the 1933 of course. Finally, in the 1960s a few 1924-S double eagles showed up in European hoards, and today this source has been the only real supplier of this issue. Nevertheless, fewer than 1,000 exist and almost all of these coins from Europe show considerable bagmarks, greatly limiting the grade. Choice examples like this are scarce but availble for a price. Key dates like this will likely remain so as most of the gold has now been gone through from Europe and this fetile field has been largerly harvested. An opportunity for the date collector! (PCGS # 9179) Estimated Value $10,000 - 11,000
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| Realized $14,100 |
