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<p>[QUOTE=&quot;GoldFinger1969, post: 25374070, member: 73489&quot;]<b><b><font size="5"><span style="color: #ff8000">Let&#039;s hit 1928 and 1929 to finish off the 1920&#039;s.&nbsp; 1929 also brings us the 1st of the Fab Five.</span></font></b></b></p><p><b><br /></b></p><p><b><font size="6"><span style="color: #0000ff">1928:</span></font></b> Roughly half of the 1928 mintage was released to Federal Reserve Banks for commercial distribution in the year of production. But, approximately $50,000,000 was shipped from the mint in small quantities and much of it likely ended up in private hoards in Europe, South America and Canada. Foreign hoarding and low domestic interest rates combined to increase overseas demand for U.S. gold coins. <b>But 1928 would be the last year until 1932 of substantial export of gold coins.</b> </p><p><br /></p><p><b>The 1928 Saint was the most popular Saint in the 1950’s…plentiful…1924’s came later so the 1928 escaped grading and certification to an extent.</b></p><p><br /></p><p>The great equalizer (or perhaps great randomizer) is the pattern of international commerce that sent millions of gold coins overseas and out of the reach of the Roosevelt Administration&#039;s gold recall. The pattern was centered on the Northeast and the great commercial nexus of New York City, and double eagles from the nearby Philadelphia Mint were far more likely to survive in European storage (the greatest source of repatriation) than were coins from mountainous Denver or Pacific-facing San Francisco. Time, too, has its role: The 1927 double eagle saw widespread overseas use, but the 1928 twenty had less opportunity for a commercial jaunt before the debilitating Great Depression of 1929. <b>The 1928 is the last issue to be available in type quantities, and any later-dated coin is a melt rarity commanding a five-figure price.</b> </p><p><br /></p><p><font size="6"><span style="color: #0000ff"><b>1929: </b></span></font> 80 coins found in 1980’s, another 10 in 1990’s.&nbsp; 1984 “English Hoard” was fake from Fenton to Gillio to Breen. Numerous hoards of 1929’s have been uncovered in Europe since the 1950s while very few examples, if any, of the 1931 were ever found from similar sources.</p><p><br /></p><p>This is no doubt due to the significant number of specimens returned from Europe over the years; many more examples of the 1929 were found there than of the other four later dates. However, back in the 1940s, when dealers were really just starting to get a handle on the relative rarity of the various Saint-Gaudens issues (they knew mintage figures were of no use in that regard), the 1929 was thought to be much less rare than the 1931-D and 1930-S but otherwise comparable to both the 1931 and 1932. Today, estimates vary wildly as to how many 1929 double eagles exist. PCGS estimates the population at over 900 pieces and Dave Bowers states in his double eagle book that 1,250 to 1,750 exist. Those numbers seem awfully high to me (Akers) and I would place the number more in the 300-400 range.</p><p><br /></p><p>1929 saw continued contraction in gold coin exports and a surge in loan repayments from South America. <b>Total gold coin exports sank from $143,190,361 in 1928 to just $7,145,103 in 1929.</b>[/QUOTE]</p><p><br /></p>

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