LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3396

1927-S $20 MS62 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:32,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1927-S $20 MS62 PCGS
<B>1927-S $20 MS62 PCGS.</B></I> This interesting exemplar offers substantial visual appeal. The devices show a number of markers for the issue, including a degree of beveling on the reverse rim and minor softness at the obverse margins. Still, the overall level of detail is pleasing. Both sides offer strong, shining luster, with the slightly hazy honey-gold of the obverse giving way to butter-yellow shades on the reverse. Though a number of light flaws are present in the fields and a handful of abrasions are present on Liberty's legs and her upper tunic, the coin's overall appearance is above-average for the grade assigned. While MS62 pieces enjoy limited availability on the open market, aiming for anything finer substantially increases the cost and the time between auction appearances.<BR> The 1927-S double eagle, like other late-date mintmarked issues for the series, is elusive today. Despite San Francisco's output of over 3.1 million pieces, most scholarly estimates list fewer than 200 survivors. The mass melting of American gold coinage during the Roosevelt presidency claimed the vast majority of the mintage; unlike the Philadelphia examples from that year, few S-mints were shipped overseas. A pleasing representative is essential to the ambitious Saint-Gaudens enthusiast, and its presence adds instant cachet to any collection. As Q. David Bowers (2004) wrote in his <I>Guide Book of Double Eagle Gold Coins, </B></I>"The ownership of a fine 1927-S is a badge of accomplishment." Population: 27 in 62, 34 finer (10/07).<BR><I>From The Chicago Collection of Saints.</B></I><BR><BR><B>Coin Engraver:</B> Augustus Saint-Gaudens<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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