1924-S $20
Lot 1396
1924-S $20
US$ 8,500 - 9,500
£5,100 - 5,700
Auction Details
Lot Details
1924-S $20
Light yellow-gold with frosty luster, a highly attractive example of this very important date. Some minor flatness of strike is noted in the central regions and a few small marks and scuffs are present from bag handling.

Virtually all of the branch mint double eagles struck after 1923 are considered rare today, however were considered exceptional rarities as recently as the 1940s with only a few examples of each were known to exist. Over the years, more examples came to light, primarily from overseas hoards. It is likely the case, though, that these issues have become quite stable today. We do not expect many more examples of this issue or others in the 1920s, to come to light in the future. Although with a substantial mintage of very nearly 3 million coins, it is most likely the case that just a few hundred survivors are known today. We suspect that the majority of this mintage remained in Treasury vaults, only to be melted after the 1933 gold recall. (PCGS 9179) Choice Uncirculated
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