1931 Saint Gaudens double eagle could exceed $55,000 at Heritage


2015-06-26 13:51:19


1931 Saint Gaudens double eagle could exceed $55,000 at Heritage

The majority of the 1931 Saint Gaudens double eagles were melted down

Paul Fraser Collectibles,Sunday 17August 2014

A 1931 Saint Gaudens double eagle is expected to exceed $55,000 at Heritage Auctions' US Signature Coins sale in Long Beach on September 4-6.

Around 3m of the coins were minted just as the full impact of the Great Depression hit, meaning that high-denomination gold coins were suddenly made surplus to requirements.

Gaudens doubleThe Saint Gaudens double eagle is considered by many to be the most beautiful US coin

Roosevelt ordered the entire issue to be melted down, although around 200-300 are thought to have survived. Of these, only 109 have ever been PGCS or NGC graded (all save one are in mint condition).

An 1851 LE Humbert $50 reeded edge "slug" will auction with a starting bid of $42,500.

The lot was issued in San Francisco during the era of the gold rush by August Humbert of Moffat & Co, a New York watchmaker appointed California's chief assayer.

The vast majority were turned into smaller denomination issues.

Other lots in the sale include a 1930-S Indian $10 and a 1796 B-2 quarter.

Heritage's coin auctions at Long Beach run from September 3-10 and will include a sale of world coins, which features a rare Burgers Pond coarse hair as its headline lot.

Love numismatics? We have a fascinating range of coins available.

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