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Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
 
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Coin of the Day

1929 $20 St. Gaudens MS65 PCGS

 

After a series of common Philadelphia Mint issues from 1922 through 1928, the 1929 double eagle begins a final string of rare dates through the end of the series in 1933. As with many of the later double eagle issues, the 1929 is challenging, not because it was a low-mintage issue (just shy of 1.8 million pieces struck), but because it achieved only limited distribution. Nearly every double coined in 1929 and later years was stored in Mint or Treasury vaults until they could be melted after the 1933 gold elimination act.

Two small hoards account for many of the pieces that are on the market today. A group of 40 pieces was discovered in the 1980s in England, while a smaller accumulation of 10 pieces appeared in the early 1990s. For a date with such a low proportion of survivors, either one of these can be considered a significant event. It is not known how many examples of this date still exist today, although estimates range from a low of 60 pieces, a figure that Walter Breen called reasonable in the 1980s. Judging by the combined certified population of 37 the date undoubtedly scarce and a key to the series..

This gorgeous Gem is sharply defined with immensely lustrous and frosty yellow-gold surfaces. Splashes of honey-gold on each side enhance its already considerable eye appeal. An excellent example for the grade with no individually mentionable flaws. PCGS has graded nine coins finer

Offered at $97,500

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1929 $20 St Gaudens MS65 PCGS

1929 $20 St. Gaudens MS65 PCGS After a series of common Philadelphia Mint issues from 1922 through 1928, the 1929 double eagle begins a final string of rare dates through the end of the series in 1933. As with many of the later double eagle issues, the 1929 is challenging, not because it was a low-mintage issue (just shy of 1.8 million pieces struck), but because it achieved only limited distribution. Nearly every double coined in 1929 and later years was stored in Mint or Treasury vaults until they could be melted after the 1933 gold elimination act. Two small hoards account for many of the pieces that are on the market today. A group of 40 pieces was discovered in the 1980s in England, while a smaller accumulation of 10 pieces appeared in the early 1990s. For a date with such a low proportion of survivors, either one of these can be considered a significant event. It is not known how many examples of this date still exist today, although estimates range from a low of 60 pieces, a figure that Walter Breen called reasonable in the 1980s. Judging by the combined certified population of 37 the date undoubtedly scarce and a key to the series.. This gorgeous Gem is sharply defined with immensely lustrous and frosty yellow-gold surfaces. Splashes of honey-gold on each side enhance its already considerable eye appeal. An excellent example for the grade with no individually mentionable flaws. PCGS has graded nine coins finer Offered at $97,500
$94,500.00