The last decade of Saint-Gaudens double eagle production can be classified broadly as having resulted in three distinct types of issues. The first are mass-produced and readily available Philadelphia issues struck from 1924 through 1928. Those five dates accounts for hundreds of thousands, if not millions of high-grade Saint-Gaudens twenty dollar gold pieces on the secondary market. The second group includes the scarce, heavily melted branch mint issues manufactured during that same span, including the 1924-D, 1924-S, 1925-D, 1925-S, 1926-D, 1926-S, 1927-D, and 1927-S. All of those issues can prove challenging, some more so than others (like the 1927-D), and none are nearly as accessible as their generally substantial mintages suggest. The third group combines both Philadelphia and branch mint issues. It includes the five final “collectible” Saint-Gaudens twenties struck from 1929 to 1932 plus the essentially unobtainable 1933.
The 1924-D ranks among the most accessible of those branch mint melt rarities. Roger Burdette notes that all but 13,229 of the 3 million coins struck were melted as part of the Gold Act of 1933, and 217 additional coins were melted for assay purposes. Burdette explains that a number of coins were shipped to Europe for use in international payments and writes: “A number of small hoards of the 1924-D were uncovered in Europe in the 1950s, 1960s, and even in the 1970s.” About 1,200 examples are believed to survive, nearly all of which are found in grades up to and including MS64 but rarely higher. The PCGS population is 10 with 6 graded higher.
Listed at $168,000 in the CDN CPG and $175,000 in the PCGS price guide.
Offered at $161,000
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