After numerous common date Philadelphia Mint double eagles were issued through 1928, mintages continued at substantial levels in 1929 and beyond. However, beginning in 1929 these pieces were not widely distributed, but rather, were stored in Treasury vaults awaiting their fate in the government melting pots of the mid and late-1930s. In Encyclopedia of U.S. Gold Coins, Jeff Garrett and Ron Guth wrote: “Beginning with the 1929 double eagle and continuing through the 1933 issue, any collector who undertakes obtaining these issues does so with extreme care and financial fortitude.”
The existing population of these pieces today survives from those few coins obtained by contemporary collectors, or from a small additional number of pieces that have been found in Europe. According to Roger Burdette, the maximum number of 1929 double eagles that could have survived is 1,176 pieces with the estimated survival of only 350 pieces. The NGC population is 28 with 68 graded higher.
Listed at $62,400 in the CDN CPG and $60,000 in the NGC price guide.
Offered at $54,500
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