LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

3275

1911-S $20 MS67 PCGS. The 1911-S double eagle mintage

Currency:USD Category:Coins & Paper Money / US Coins Start Price:65,000.00 USD Estimated At:1.00 - 2.00 USD
1911-S $20 MS67 PCGS. The 1911-S double eagle mintage
<B>1911-S $20 MS67 PCGS.</B></I> The 1911-S double eagle mintage was 775,750 pieces. Unlike many later double eagle issues, apparently very few of the '11-S were melted in the 1930s, resulting in thousands of coins being known. Uncirculated examples are readily available through near-Gem, and even MS65 specimens are obtainable with a little patience and searching. A couple of hoards, both of which were recounted in David Bowers' book on <I>American Coin Treasures and Hoards,</B></I> have helped to maintain the fairly large number of low to mid-level Uncirculated 1911-S twenties on the market today. Bowers indicates that sometime in the 1970s, he bought a bag 1911-S double eagles, along with 500-piece bags of 1916-S ten dollar and twenty dollar coins, from a bank officer in Beverly Hills. He states that: "These were subsequently advertised, and were completely sold out within four hours of the time our offering appeared." Bowers also refers to a July 7, 1996, correspondence with gold coin authority David Akers, who indicated that he sold 500 1911-S twenties to one of his customers, that hoard being associated with approximately 47,000 double eagles discovered in Central America in the early 1980s.<BR> As mentioned above, the 1911-S is obtainable through MS65. The number of Premium Gem examples drops off precipitously to fewer than 50 specimens certified by PCGS and NGC. At the MS67 level, only one coin--the present PCGS-graded example--has been reported! The surfaces of this finest-known 1911-S specimen display a granular texture, typical of all 1910-1916 Saints, undoubtedly an influence from the matte proof coins struck during these same years. Both sides are awash with gorgeous apricot-gold luster, tinged with traces of mint-green. The design features are solidly impressed, exhibiting bold definition on the Capitol building, on Liberty's face, fingers, and toes, and on the eagle's feathers. Close inspection with a loupe reveals no mentionable marks, though for accuracy we point out a couple of inoffensive ticks on the right reverse rim. In sum, this is a spectacular coin, sure to draw spirited bidding. Who would not want to own the finest known of anything?<BR><I>From The Kutasi Collection.</B></I><BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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