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DOUBLE EAGLES

1910-S St. Gaudens Double Eagle

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1910-S St. Gaudens $20
PCGS MS65
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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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