Along with its famed Denver Mint brethren, the 1927-S represents one of the first late-date melt rarities in the series. Branch mint double eagles from the 1920s tend to be elusive across the board (aside from the 1923-D), but the 1927 issues take it to the next level. The 1927-S was struck to the extent of 3.1 million coins, but that figure is entirely misleading when it comes to estimating the issue’s availability. According to the research of Dr. Charles W. Green in the late 1940s, only 3,750 pieces were officially dispersed from Treasury vaults. A small number made their way to Europe where they were preserved until being resold on the American market in the mid-20th century. The vast majority of coins that remained in the United States after the Gold Recall of 1933 were converted into gold bars. Probably no more than 250 pieces and possibly as few as 200 coins survive.
The NGC population is 39 with 45 graded higher.
Listed at $54,000 (in MS62) in the CDN CPG and $53,500 (in MS62+) in the NGC price guide.
Offered at $50,600
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