Rare 1921 Saint-Gaudens $20 makes $126,500 at Heritage Auctions
A collectible 1921 Saint-Gaudens $20 coin was the highlight of a recent event at Long Beach, US
Collectors placed particular emphasis on acquiring high-grade Saint-Gaudens coinage in Heritage's $8.6 million Long Beach Signature US Coin Auction, February 5-6, at the Long Beach Convention Center. The auction saw a 94% sell-through rate by lot value and 97% sell-through rate by lot. All prices below include the 15% buyer's premium.
A 1921 Saint-Gaudens $20 MS62 NGC, the second rarest series issue in high grades, was the top lot of the auction, with collectors bidding the coin all the way up to $126,500. The coin is one of very few known and, as stated in the 2008 second edition of the David Akers Handbook of 20th Century United States Gold Coins, 1921 Saint-Gaudens $20s "that grade MS-63 or finer are offered only once in a very long while."
A Premium Gem 1907 $20 High Relief, Flat Rim MS66 PCGS, one of the most highly sought-after of the high relief flat rim varieties, realised the second highest price in the auction, challenging the six figure mark but coming up just short, as it finished the auction at $97,750. This coin is remarkable for many reasons, not least of which is that it purely represents the original designs of Augustus Saint-Gaudens, before his death in 1907, and not long time rival Samuel Barber's subsequent changes, which appeared on future gold coinage.
Always a highly anticipated item when it appears at auction, a 1915-S $50 Panama-Pacific 50 Dollar Octagonal MS63 PCGS, the last and greatest coin in the set, lived up to the billing by bringing $86,250 amidst spirited bidding, to round out the top trio of the Heritage Long Beach event.
A classic gold rarity, in the form of an 1885 $20 MS61 PCGS, CAC, one of only 751 pieces struck — ranking among the lowest production totals in the entire regular-issue series of US gold coinage — realised $80,500, while a 1920-S $20 MS62 PCGS, CAC, among the most elusive in the series, realised $80,500.
- Click here to view our current rare coins for sale
- Learn how you can get pleasure and profit from rare US coins
- Read all the latest Coins and Banknotes news
· He faced a shark and won a George Cross... Hero's medal appears for sale | 11 February 2011
Robert Murray Kavanaugh received an award for bravery long before he saw action in WWII
Noble Numismatics is set to offer the VC and Military Medal of a genuine hero of WWI
· $200,000 for two coins showing Luther kneeling and a Marquis bearing flowers | 10 February 2011
The auction at Kuenker showed that rare European coins can make strong investments too
· Lost in the post: $16,000 Malayan bank notes return to sender for London sale | 9 February 2011
An upcoming numismatic auction includes some wartime notes that have greatly appreciated in value
· Rare Russian rouble is exchanged for $217,000 in German auction | 7 February 2011
The coin easily outstripped expectations in a lively sale of Russian and Polish coins and medals