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1930-S $20 AG-03. How did this happen?
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<p>[QUOTE="GoldFinger1969, post: 25261751, member: 73489"]<span style="color: #0000ff"><b>It's a million-dollar coin in MS condition, probably even AU.</b></span></p><p><br /></p><p><b>From Heritage:</b> <i>"The 1930-S is the second-rarest collectible issue in the Saint-Gaudens series after the 1927-D.....While the 1924-S, 1926-D, and 1926-S were formally thought to be the rarest issues in the series, their rarity estimates were altered by repatriations from foreign holdings over the years. The 1930-S now sits near the top of the list, followed closely by the other later dates, including the 1929, 1931, 1931-D, and 1932.</i></p><p><i><br /></i></p><p><i>The San Francisco facility coined a meager production of 74,000 double eagles in 1930, representing the final twenty dollar issue from the branch mint. The mintage is one of the lowest in the series, though it fails to accurately represent the number of examples distributed to the public. Moreover, the 1930-S is many times rarer than other issues with a comparable mintage. The 1930-S coins were intended to serve as currency reserves rather than circulation issues, as the Great Depression had vastly reduced the economy's capacity to absorb virtually any significant quantity of large denomination gold coinage. Research by Roger W. Burdette indicates only 727 examples of this issue were ever available for collector use, and many of those coins were not distributed. Probably no more than 75 examples are extant today, almost all in Uncirculated grades.</i></p><p><i><br /></i></p><p><i>Breen wrote in his 1988 Complete Encyclopedia of U.S. and Colonial Coins that "most came from European bank vaults around 1960." While there is evidence that a small quantity were repatriated from international vaults, Breen's assertion has been widely refuted based on the condition of surviving representatives. In fact, Garrett and Guth (2006) explain: "Those that did survive were likely held by American coin collectors or dealers, and it is almost certain that none were shipped overseas from this Western mint." Most examples are well-preserved in MS63 to MS65 condition with minimal bagmarks."</i>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25261751, member: 73489"][COLOR=#0000ff][B]It's a million-dollar coin in MS condition, probably even AU.[/B][/COLOR] [B]From Heritage:[/B] [I]"The 1930-S is the second-rarest collectible issue in the Saint-Gaudens series after the 1927-D.....While the 1924-S, 1926-D, and 1926-S were formally thought to be the rarest issues in the series, their rarity estimates were altered by repatriations from foreign holdings over the years. The 1930-S now sits near the top of the list, followed closely by the other later dates, including the 1929, 1931, 1931-D, and 1932. The San Francisco facility coined a meager production of 74,000 double eagles in 1930, representing the final twenty dollar issue from the branch mint. The mintage is one of the lowest in the series, though it fails to accurately represent the number of examples distributed to the public. Moreover, the 1930-S is many times rarer than other issues with a comparable mintage. The 1930-S coins were intended to serve as currency reserves rather than circulation issues, as the Great Depression had vastly reduced the economy's capacity to absorb virtually any significant quantity of large denomination gold coinage. Research by Roger W. Burdette indicates only 727 examples of this issue were ever available for collector use, and many of those coins were not distributed. Probably no more than 75 examples are extant today, almost all in Uncirculated grades. Breen wrote in his 1988 Complete Encyclopedia of U.S. and Colonial Coins that "most came from European bank vaults around 1960." While there is evidence that a small quantity were repatriated from international vaults, Breen's assertion has been widely refuted based on the condition of surviving representatives. In fact, Garrett and Guth (2006) explain: "Those that did survive were likely held by American coin collectors or dealers, and it is almost certain that none were shipped overseas from this Western mint." Most examples are well-preserved in MS63 to MS65 condition with minimal bagmarks."[/I][/QUOTE]
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1930-S $20 AG-03. How did this happen?
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