1920 S $20 MS
Description & Analysis
Jeff Garrett: The 1920–S Double Eagle is one of the most significant rarities of this series. Many show minor striking weakness on the lower portion of the obverse and this area is prone to the similar weaknesses that are seen on other dates as well. Luster is average for this date. No significant numbers have turned up from overseas hoards. The 1920–S is the first of the latter dates Saint–Gaudens Double Eagles with large mintages that are now very rare. Most were melted in the great gold recall of the 1930s. More significantly, none that I am aware of have been found in the large hoards that have returned from overseas trade. The date is rare in all grades and only four or five are known at the Gem level. The finest example I have seen is the Eliasberg specimen. The Smithsonian collection contains a fabulous MS 64 example. Around this time the US Mint carefully preserved Choice examples of US gold coins each year for its collection. As we proceed in this narrative, you will be astounded at some of the coins that were saved by Mint employees of the era. The American Numismatic Society also contains a superb example.