The 1927-D Saint-Gaudens Double Eagle is a numismatic gem, renowned for its rarity and historical significance. While some specimens have fetched millions at auction, understanding the factors that contribute to its value is essential for collectors and investors alike.
Historical Background
Minted in 1927 at the Denver Mint, the 1927-D Double Eagle had an original mintage of 180,000 coins. However, due to the U.S. government’s gold recall in 1933, the majority were melted down, leaving only a handful in existence today. Estimates suggest that between 12 to 15 specimens have survived, making it one of the rarest regular-issue U.S. gold coins of the 20th century.
Factors Influencing Value
Several key factors determine the value of a 1927-D Double Eagle:
- Rarity: With only a dozen or so known examples, its scarcity significantly elevates its market value.
- Condition (Grade): Coins are graded on a scale from 1 to 70. Higher-grade coins, especially those in Mint State (MS) condition, command premium prices.
- Provenance: Ownership history can enhance a coin’s desirability and value, particularly if it has been part of notable collections.
Notable Auction Sales
The 1927-D Double Eagle has achieved remarkable prices at auctions:
| Year | Auction House | Grade | Sale Price |
|---|---|---|---|
| 2020 | Heritage Auctions | MS66 PCGS | $2.16 million |
| 2022 | Heritage Auctions | MS66 PCGS | $4.44 million |
The 2022 sale set a new record, underscoring the coin’s escalating value among collectors.
Determining Your Coin’s Worth
If you possess a 1927-D Double Eagle, consider the following steps to ascertain its value:
- Authentication: Due to its rarity, the coin is often counterfeited. Professional authentication is crucial.
- Grading: Submit the coin to reputable grading services like PCGS or NGC to determine its condition.
- Provenance Documentation: Providing a documented ownership history can enhance the coin’s value.
Owning a 1927-D Double Eagle places you among a select group of collectors. Given its rarity and historical importance, the coin’s value can range from hundreds of thousands to several million dollars, depending on its condition and provenance. Professional appraisal is essential to determine its true market value.
FAQs
How many 1927-D Double Eagles exist today?
Approximately 12 to 15 specimens are known to exist.
Why were most 1927-D Double Eagles melted?
The U.S. government’s 1933 gold recall led to the melting of most gold coins, including the 1927-D Double Eagle.
What does ‘MS66’ mean in coin grading?
‘MS66’ denotes a Mint State coin with minimal marks and high-quality luster, graded on a 70-point scale.
Can I sell a 1927-D Double Eagle without grading?
While possible, having the coin graded can significantly increase its market value and buyer confidence.
Where can I get my 1927-D Double Eagle appraised?
Consult reputable coin dealers or professional grading services like PCGS or NGC for appraisal.
