Historic Double Eagle Gold Coin Sold For Record Price By North American Certified Trading An extremely rare 1927-D $20 U.S. gold coin, designed by acclaimed sculptor Augustus Saint-Gaudens, was purchased by a collector from North American Certified Trading for "in excess of $1.9 million."
"In the middle of the 20th century, numismatic researchers recognized the rarity of the 1927-D, but did not rate it as highly in this regard as such other issues in the Saint-Gaudens Double Eagle series as the 1924-D and 1926-D. Beginning in the 1950s and 1960s, small quantities of '24-D and '26-D Double Eagles were repatriated from European or Central American banks," explained Glassman.
"While this has happened with several other issues in this series, the 1927-D has never been represented in any overseas holdings of U.S. gold. The result is that the '27-D is now recognized as the rarest regular-issue 20th century U.S. gold coin that can be owned legally."
Writing in 1988, Akers estimates just 12 to15 surviving pieces, and in 2004 Q. David Bowers estimated approximately 15 survivors. Two of the coins are held by The Smithsonian Institution.
PCGS and NGC have certified a combined total of ten 1927-D Double Eagles, but that figure may include resubmissions.
The Eliasberg specimen was sold at auction for $176,000 in 1982. It subsequently changed hands privately several times and was acquired by N.A.C.T. in 2006.
For additional information, contact North American Certified Trading, 18022 Cowan, Suite 107, Irvine, California 92614. Phone: (800) 359-4255. E-mail: info@NACTcoin.com Online: www.NACTcoin.com.