NGC Certifies Historic Cache of Saint-Gaudens Double Eagles
Posted on 12/16/2010
NGC has certified a very interesting group of Saint-Gaudens Double Eagles that have remained in the possession of a family since prior to World War II. When purchased in Europe last month, their unusual history was revealed to the buyer. During the turbulent period prior to World War II, these coins were a trove meant to sustain a family through the worst possible situation. Just subsequent to the Nazi invasion of this family’s home country in 1940, each of these coins was sewn into the lining of a leather coat. With great risk, they were spirited out to a safe-haven neutral country, where they have been kept ever since. According to the gold buyer, who relayed the history of these coins to NGC, the family in possession of the coins elected to sell them this year because gold had risen to record price levels. The group of 200 coins has been encapsulated with the pedigree WWII EXILE HOARD.
While other US gold coins come from caches with similar histories, several features contribute to the significance of this group. When they arrived at NGC, many of the coins still had bits of leather still adhering to the coins’ rims. At the submitter’s request, professionals at Numismatic Conservation Services expertly removed the leather so that the coins would be eligible for certification. Their unconventional storage imparted a number of the coins with a delicate reddish patina that was left untouched during conservation.
Another unusual feature is the uniformly high grade of these coins. Each graded from MS 63 to MS 67, with seven coins achieving this highest grade and a greater number grading each MS 66 and MS 66+. All are dated 1924 and 1925, with over three-quarters being from the latter date.