1927-S Saint-Gaudens Double Eagle. MS-62+ (PCGS).A visually appealing, solid Mint State survivor of a highly regarded rarity in the Saint-Gaudens double eagle series. Evenly toned in warm medium gold, both sides also offer razor sharp striking detail and billowy mint luster. Virtually Choice in quality, and eagerly awaiting inclusion in an advanced collection of classic U.S. Mint gold.Collecting the later Saint-Gaudens double eagles have long presented a formidable challenge and the 1927-S double eagle is no exception. One of the well known rarities of the type, the 1927-S suffered the fate of many such coins from its era. While more than three million coins were struck, almost all were immediately ensconced in Treasury hands. The 1930s and the Great Depression brought about the wholesale melting down of gold coins and all the 1927-S double eagles in government vaults made their way to the furnace, alongside those of the legendary 1927-D and other issues. A few examples entered commercial channels and some specimens show traces of actual circulation. Most of the estimated 200 or so pieces that remain are in AU or the very lowest Mint State levels, repatriations from foreign bank hoards. With the PCGS "+" designation, this appealing near-Choice specimen is particularly desirable and will command attention to all aficionados of 20th century gold coins. A significant opportunity!From the Magnolia Collection.
