1926-D St. Gaudens Double Eagle PCGS
MS62. The 1926-D is one of many rare double eagles from
the 1920's. Most were retained at banks or the
Mint after their mintage, and the majority was melted
during the 1930’s. As a result, of the original
mintage of 481,000 coins only an estimated 350 to 400
remain to exist in all grades.
Unlike many other issues of double eagles, no hoards
or accumulations of this issue have been found overseas.
It is likely that only a very small number were sent
overseas with the others retained in the United States.
The current supply most likely consists of the limited
number that was paid out at the Denver Mint during
the 1920’s. Even when a large number was paid
out, it is most likely that many were redeemed for
gold certificates in the early 1930’s. Only
the wealthiest collectors in the country could afford
to keep together high quality examples of 1920’s
double eagles. As a result, it can be expected that
many came from overseas banks, although in very limited
During the 1940’s, when double eagles became
increasingly popular this issue was considered to
be even rarer than the 1927-D. That issue is considered
to be the rarest collectable double eagle after the
1933. Although more examples have become available
in modern times and research has revealed the true
rarity ratings, this remains to be a very rare issue.
The coins that have survived in uncirculated grades
are typically found in MS-60 and MS-61. At the current
grade level, they become rare and anything finer is
a true rarity seldom encountered. At the gem level,
the 1926-D has brought 6 figure prices at auction
in recent times. As a result, anyone who is buying
a strict uncirculated set of double eagles will most
likely settle for a premium quality uncirculated coin,
even when in lower uncirculated grades. The present
offering thus represents a wonderful opportunity for
the specialist of Saint-Gaudens double eagles.
Although certified by PCGS in a lower numerical grade,
this MS-62 looks finer at first glance. This coin
is totally original, with light green-yellow color,
and lustrous surfaces. Several scattered marks on
both sides account for the grade. For pedigree purposes,
a copper spot, common on these gold coins is seen
under the last A in AMERICA. A wonderful example of
this rare double eagle!
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