1910-S St. Gaudens Double
Eagle, PCGS MS65. With a mintage of 2,128,250 coins
this issue is far from rare in circulated and lower
Mint State grades. Yet, at the gem level, examples become
very elusive as many show heavy bag marks. As a result,
true gems or finer pieces are rare with less than 100
pieces certified by the major companies. The coins that
have returned from overseas hoards usually grade lower
Mint State, making a sudden rise in gem population highly
unlikely for this issue.
Gem double eagles are always in demand
by investors who seek high quality examples. Most
of the coins that are bought for that purpose are
the common issues that were saved in high quality
and large quantities. This is not such an issue, as
many circulated among banks in bags and acquired a
large number of distracting marks that limit the grade.
As a result, most demand are from true collectors
who recognize the rarity of this issue at the gem
level.
The present coin is one of those elusive
and correctly graded gems. The fields are remarkably
clean, even for this grade and are fully lustrous.
A bold strike is noted on both sides, bringing all
the design elements up to full detail. Wonderful light
green-yellow color, which is totally original makes
for a great example of this early Saint-Gaudens double
eagle.
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