1929 ST. GAUDENS $20 MS65

$121,000.00
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Coin Description

GEM GOLDEN HUE LUSTROUS SURFACES. JUST EIGHT COINS GRADED HIGHER AT PCGS.

Beginning with this issue and continuing through the series' end in 1933, every Saint-Gaudens Double Eagle delivery is rare.  The Philadelphia Mint struck a fairly respectable total of 1.7 million Double Eagles in 1929.  Most of these coins were not needed in export trade, and they were simply placed into federal vaults for storage or found limited distribution within the United States' banking system.

In early 1933, President Franklin Delano Roosevelt issued his now-famous Gold Recall Act in an effort to reverse the economic downturn of the Great Depression.  One of the clauses of this act instructed the Mint not to release any more gold coins into circulation and to destroy those pieces that were either still on hand or were returned to federal control as a result of the recall.  Numismatic scholars are generally agreed that much of the original mintage for the 1929 Double Eagle was destroyed as a result of this Presidential order.

Unlike many other issues in the Saint-Gaudens Double Eagle series, the 1929 has not been widely represented in hoards discovered overseas.  A small group of 40 examples was found in England in 1984, and numismatic dealer/author Jeff Garrett purchased another group of 10 coins in the early 1990s from an unspecified source.  We are unaware of any other significant finds, so the balance of this issue's extant population probably dribbled into the market either individually or in small groups over the past half century or so.

Specifications

Grading Service: PCGS SKU: 143250
Grade: MS 65 Cert Number: 33097521
Bring This Coin to Life
In 1929, amidst a backdrop of rapid technological progress and cultural evolution, the United States experienced several significant events that would leave a lasting impact on its societal and technological landscapes. One of the most pivotal moments in American economic history occurred with the Wall Street stock market crash in October, known as Black Tuesday. While often viewed through a lens of adversity, this event marked a turning point, signaling the end of the Roaring Twenties and ushering in the Great Depression. It catalyzed profound changes in American society, economy, and government policy, reshaping the nation's approach to economic management and social welfare. This period of economic challenge would eventually lead to significant reforms and innovations in various sectors. In the realm of entertainment and technology, 1929 saw the debut of the iconic character Popeye in the comic strip ""Thimble Theatre."" Popeye quickly became a beloved figure in American pop culture, known for his quirky personality and spinach-induced strength. His widespread appeal reflected the growing influence of comic strips and animated films in American entertainment, showcasing the nation's creative spirit and the burgeoning medium of animation. The same year also witnessed the first public demonstration of color television by H.E. Ives and his team at Bell Telephone Laboratories. This groundbreaking achievement showcased the potential for a revolutionary change in broadcasting, setting the stage for the future of television. The introduction of color added a new dimension to the medium, enhancing the viewer experience and paving the way for television to become a dominant form of mass communication and entertainment. Furthermore, 1929 was notable for the introduction of the game of Bingo in the United States. Originally known as ""Beano,"" it was rebranded as Bingo by toy salesman Edwin S. Lowe, becoming a beloved and widespread pastime. The game's simplicity, coupled with the excitement of chance, made it a popular form of entertainment across various social settings, from community gatherings to family game nights. Collectively, these events from 1929 highlight a year of significant economic, cultural, and technological developments in the United States, reflecting a complex tapestry of challenges, innovations, and enduring cultural contributions.
**Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.