A rare gold coin issued in 1927 with a face value of $20 dollars It was auctioned on January 16, reaching an exorbitant price that surpassed all records and positioning it as one of the rarest and most appreciated numismatic specimens.
It is a piece of gold called Saint-Gaudens Double Eagle minted in 1927 for the Denver Mintwhich has an MS-65+ rating granted by the Professional Coin Grading Service (PCGS) and the approval of the Certified Acceptance Corporation (CAC).
Currently only a dozen of these rare coins remain in private hands, in addition to other pieces in prestigious collections such as the Smithsonian Museum and Connecticut History Museum, which makes it even more valuable.
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The $20 coin that was auctioned for almost 4 million dollars
The 1927-D Saint-Gaudens Double Eagle gold coin was auctioned in record price of 3.84 million dollars and acquired by GreatCollections.
This coin was designed by Augustus Saint-Gaudens and issued between 1907 and 1933, with around 180 thousand copies minted; However, after the president Franklin D. Roosevelt banned the private possession of gold, most of them were melted down and only a few survived.
The gold coin auctioned for 3.84 million dollars
The piece had been part of the collection of the renowned numismatist Steven Duckor, who acquired it in 1984 for only 198 thousand dollars.
“We are delighted to have won this Grail of American numismatics. It is a dream coin for collectors, essential to complete a collection of the Saint-Gaudens series. It could be many years before another appears on the market. Our goal was to pay less than $4 million, so it worked out perfectly,” said Ian Russell, president of GreatCollection, after purchasing the piece.
