2106: 1921 $20 MS64 PCGS. CAC.
| Start Price |
USD 375,000.00 |
| Current Price |
USD 420,000.00 |
| Time Left |
- |
| Bid Count |
10 |
| Buy It Now Price |
- |
| Reserve Price |
- |
| Start Time |
Thursday, July 31, 2008 |
| End Time |
Friday, August 01, 2008 |
| Location |
Baltimore, MD |
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See more about '2106: 1921 $20 MS64 PCGS. CAC. '
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Description
click for larger image2106: 1921 $20 MS64 PCGS. CAC. 1921 $20 MS64 PCGS. CAC. The 1921 is a classic rarity in the Saint-Gaudens double eagle series. It is comparable in overall rarity to the 1920-S, but is considerably more challenging as a condition rarity, especially in the better grades of Uncirculated. A few more coins in the XF-AU grade range are known of the 1921 (about 70 1921 specimens have been certified XF-AU by PCGS and NGC, as contrasted to approximately 50 XF-AU examples of the 1920-S), but there are only a handful of 1921 coins extant above MS63 (specifically, the services have graded five near-Gem and finer 1921 specimens, and 30 1920-S MS64 and better coins). The reported mintage of the 1921 was 528,000 pieces, which is lower-than-average for the 1920s era, when totals of one million or more coins were common. Nevertheless, the figure was not so low to suggest that it would be a difficult date. In this regard, Paul Green, in an August 15, 2006 Numismatic News article entitled "1921 Double Eagle Survives in Low Numbers," writes: "The 1921 was more than a decade before the Gold Recall Order and the melting that followed. It's easy to understand why a date in the 1930s might have been heavily melted, but it's less easy to figure out why the 1921 would have been melted in large numbers. After all, a number of dates produced after 1921 show little evidence of being heavily destroyed in the recall. The 1923, for example, had a nearly identical mintage (566,000 pieces), but there is no evidence of unusual melting...yet the 1923 is $850 in VF20, but the 1921 is priced at $12,000." Approximately half of the extant 1921 double eagle population is located at the circulated grade levels, prompting Green to say: "The circulated numbers seen at both grading services suggest that the 1921 had a rather routine period, with some coins being released, although probably not all. There is reason to believe that a small number went overseas." If some of this issue did in fact go overseas, it must have been very small, as no appreciable hoards of the 1921 double eagle are known. Indeed, Walter Breen, in his 1988 Encyclopedia of U.S. and Colonial Coins, refers to "...about 5 from European sources since 1981." Along a similar vein, David Bowers, in his discussion of the 1921 in his 2004 treatise A Guide Book of Double Eagle Gold Coins, states: "While some have sneaked into the market in recent years, and offerings of the past decade are more numerous than in earlier times, no quantities of hundreds or more Mint State pieces have turned up, unlike the case for certain former rarities later in the decade." The 1921 twenty was notably absent from the Dr. Thaine Price Collection, and that in the Browning Collection was a Choice AU. The Harry Bass and Henry Norweb collections each contained an MS63 example, and the Phillip Morse Collection included an MS64, an MS65, and an MS66. And according to Jeff Garrett and Ron Guth in their 2006 Encyclopedia of U.S. Gold Coins, 1795-1933, "...both the American Numismatic Society and the Smithsonian collection contain a superb Gem example of the date. Both were obtained from the Mint at the time of issue." This near-Gem survivor displays a satiny overall sheen and strong cartwheel luster. An impressive strike is noted on the design elements, with especially strong definition on the Capitol building, Liberty's face and on the fingers of the left hand and the associated olive branch, and on most of the eagle's plumage. Rich green-gold and orange-gold colors blend together over the surfaces. Several scattered abrasions are not unusual for the assigned grade; a minute diagonal mark in the left obverse field and a couple more on the reverse sun are mentioned to help pedigree the coin in the future. This is an important bidding opportunity for either the double eagle or 20th century gold specialist. Housed in an earlier PCGS holder with a green insert. Population: 3 in 64, 4 finer (6/08).Ex: Morse Collection (Heritage, 11/05), lot 6646.From the Stephen Stokely Collection, Part Five.Coin Engraver: Augustus Saint-GaudensShipping: Coins & Currency (view shipping information)Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium with a $9 minimum Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. This lot is being auctioned in conjunction with a live floor auction by Heritage Auctions. All final auction and invoice information will be supplied by Heritage Auctions, and all other information should be considered preliminary. Lot:2106Winning Notification and Billing: After the FINAL session in this auction is complete, Heritage will send e-mail and snail mail invoices. This process normally takes several days. All final auction and invoice information will be supplied by Heritage Auctions, and all other information should be considered preliminary. Second Chance Offers: Heritage does not make Second Chance Offers. Once our auction ends, if you receive a Second Chance Offer to buy this item DO NOT accept the offer. Please forward any Second Chance offer emails received on one of our auctions to eBay's Safe Harbor Department. This auction will be conducted on a live auction floor and over the Internet through eBay Live. If you choose to place an absentee bid, please take a moment to learn how eBay Live absentee bidding works Auction House Info Heritage Auctions 3500 Maple Avenue 17th Floor Dallas, Texas 75219-3941, United States Tel: 214-528-3500 Fax: 214-443-8425 EMail: EbayLive@HeritageAuctions.com CLICK TO Ask a Question ABOUT THE LOT OR AUCTION FOR TECHNICAL SUPPORT CONTACT EBAY LIVE AUCTIONS Terms & Conditions Please view our complete Terms & Conditions at the following web address: http://www.heritageauctions.com/common/images/TermsAndConditions.pdf Auction House Heritage Auction Galleries3500 Maple Avenue17th FloorDallas, TX United States 75219800.872.6467Terms & Conditionshttp://ha.com/common/auction/terms_and_conditions.phpShippingBuyer Pays Shipping CostBuyer's PremiumUSD 0 - USD 999 20 %USD 1000 + 20 %PaymentContact For Payment DetailsTaxesLocal Taxes ApplyContractYour bid is a contract.Place a bid only if you're serious about buying the item. 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