We are pleased to be presenting an incredible, conditionally rare 1928 example of this perennially popular 20th century U.S. gold type. It is sharply struck with full, smooth, frosty luster and both sides display lovely color in bold orange-gold. Struck on the eve of the Great Depression, the 8,816,000 double eagles produced at the Philadelphia Mint in 1928 proved to be, by far, the largest mintage of the series as well as the last readily available issue. A significant portion were shipped abroad in international trade while a smaller quantity were paid out domestically. The massive Treasury melts of the 1930s took their toll on the coins that remained in the country. The coins that sat in European and South American vaults fared better with many Uncirculated survivors returning stateside beginning in the 1940s and 1950s. This issue is readily available up through Gem Mint State and even above. However, at the Superb Gem level, the numbers diminish drastically. PCGS has graded about 70,000 in Mint State with just about a hundred graded MS-67 and just 14 finer (none beyond MS-67+). Even the most selective connoisseurs would be hard pressed to locate a finer example than that we are offering in our August auction. The present ultra-Gem is an accurately graded MS-67, which should make it very attractive to bidders when it crosses the auction block next month.
For more information about the Stack’s Bowers Galleries Summer 2022 Global Showcase Auction visit StacksBowers.com To consign your coins or paper money to one of our Showcase auctions or to our Collectors Choice Online auctions call 800-458-4646 or email Consign@StacksBowers.com.
