Rare Coin Investor

Proof 1921 Double Eagle

The Chicago ANA convention was the first public appearance in the Midwest of the 1921 Roman Finish proof1921 Saint-Gaudens Double Eagle.

The existence of any 1921-dated proof Double Eagle was not known until 2000 when a coin formerly
belonging  to Raymond T. Baker was authenticated.  Baker was Mint Director in 1921.  A second proof example in much better condition was discovered in 2006 and was displayed that year at the Boston ANA World’s Fair of Money.  It is one of the two known 1921 Roman Finish proof Saint-Gaudens Double Eagle gold coins, graded NGC PF64+ CAC.

“I knew instantly it was a proof the first time I saw it,” said John Albanese, CAC Founder who said he offered more than a million dollars for it the first time he saw it before it was certified by NGC.

“Since 1978 I’ve viewed several hundred thousand Mint State Saints and perhaps a hundred proofs.  This one doesn’t look like any of the Mint State coins, but does have the look, ‘texture and fabric’ just like the proofs I’ve seen.  This was a no brainer,” he explained.

Numismatic Guaranty Corporation Chairman Mark Salzberg stated: “The 1921 proof ranks highly among the truly important recent numismatic discoveries. For the $20 Saint-Gaudens series, in particular, it is earth shattering to encounter a coin like this for the first time outside of a museum or marquis collection. This is world-class numismatic treasure and everyone should take a few minutes to see it for themselves in its NGC holder.”

Posted on August 29, 2013 at 3:31 pm in Uncategorized   |  RSS feed |   Reply   |   Trackback URL