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Free Appraisal
1926-D $20 MS66+ PCGS Secure. CAC.
(PCGS# 9184)
Auction 1166
| Lot: 4642 | Jan 8, 2012
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1926-D $20 MS66 PCGS.
The 1926-D is a lower mintage (481,000 pieces) issue that was not preserved in significant numbers. Rather, most examples were melted. Although typically offered in Mint State, the '26-D usually grades no finer than MS63. Only twenty examples are certified at the MS64 level by PCGS and NGC combined, and a mere six pieces have been seen in MS65. PCGS has certified two coins in MS66 and none finer, and NGC has seen no specimens grading higher than MS65 (9/05).
Some of the better-known 1926-D appearances are mentioned below. Bowers and Merena, in their November 1988 sale, offered a '26-D in MS63 out of the Norweb Collection (lot 4126). The catalogers say that "upon reflection, perhaps we should call it MS64." In March 1991, Stack's sold a Choice Brilliant Uncirculated example that was described as having "Full blazing mint luster with a glistening satiny surface" (lot 1215). The Thaine Price coin sold by David Akers (lot 112) in May 1998 was graded Gem Uncirculated and described as being "very sharply struck, except for a trace of weakness at the lower obverse border as often seen." In February 2001, the Goldberg's offered a PCGS-graded MS65 (lot 4203), described as having "greenish-gold luster at the extreme edge, and coppery luster at the centers." Finally, a PCGS-certified specimen that displayed "overlapping layers of crimson-gold, lavender, and powder-blue shades" appeared in our April 2002 Signature sale (lot 7567).
The Premium Gem presented here in our Phillip Morse Sale displays pleasing satiny luster on honey-gold surfaces that are imbued with subtle greenish undertones. While this issue sometimes exhibits weak peripheral striking, this specimen is well impressed throughout, with good definition on the olive branch, the leaves beneath the rock, and the eagle's feathers. The Capitol dome is the only device that displays minor softness. The surfaces are well preserved, revealing just some minor "chatter" on Liberty's right breast, and a couple
(PCGS# 9184)
Auction 392
| Lot: 6688 | Nov 3, 2005
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1926-D $20 MS65 PCGS. CAC.
(PCGS# 9184)
Auction 1136
| Lot: 2328 | Jan 10, 2010
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1926-D $20 MS65 PCGS.
The Denver Mint struck 481,000 double eagles in 1926. Most of these were apparently retained in the United States and subsequently melted in the 1930s. Few if any seem to have been sent overseas, as no hoards or significant accumulations have been discovered.
The rarity status of the 1926-D is cogently described by David Akers in his cataloging of the Gem Uncirculated example in the Dr. Thaine Price Collection: "The 1926-D is one of the premier condition rarities of the Saint-Gaudens double eagle series. In most respects it is comparable to the 1925-S, although if anything, it is even more difficult to locate above Choice Uncirculated condition than the 1925-S. Along with the 1924-S, the 1926-D is one of only two Saint-Gaudens double eagles that, as of the writing of this catalog (May 1998), has never been certified as a Gem by at least one of the major grading services. In my opinion, however, that is likely to change once the Price specimens offered here are sold, depending on whether or not the new owners decide to 'slab' them." In the ensuing years, PCGS has certified five MS65 examples and two MS66 coins; NGC has yet to see Gem or finer specimens. It is also noteworthy in this regard that the '26-D has, to the best of our knowledge, made only eight appearances in MS65 or better grades through the major auction firms in the last 15 or so years. The most prominent of these is the Morse specimen, which realized $345,000 when Heritage offered it in November 2005.
The Gem example presented here displays dazzling luster that radiates from peach and yellow-gold surfaces tinged with traces of light tan and greenish-gray. A sharp strike occurs on the design elements, save for the usual softness in the Capitol dome. A wispy linear mark in the upper left obverse border serves to identify this marvelous piece that is sure to command keen bidder interest.
From The Kutasi Collection.
(PCGS# 9184)
Auction 422
| Lot: 3300 | Jan 6, 2007
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1926-D $20 MS65 PCGS.
(PCGS# 9184)
Auction 454
| Lot: 3393 | Jan 12, 2008
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1926-D $20 MS65 PCGS.
The Denver Mint struck 481,000 double eagles in 1926. Most of these were apparently retained in the United States and subsequently melted in the 1930s. Few if any seem to have been sent overseas, as no hoards or significant accumulations have been discovered.
The rarity status of the 1926-D is cogently described by David Akers in his cataloging of the Gem Uncirculated example in the Dr. Thaine Price Collection: "The 1926-D is one of the premier condition rarities of the Saint-Gaudens double eagle series. In most respects it is comparable to the 1925-S, although if anything, it is even more difficult to locate above Choice Uncirculated condition than the 1925-S. Along with the 1924-S, the 1926-D is one of only two Saint-Gaudens double eagles that, as of the writing of this catalog (May 1998), has never been certified as a Gem by at least one of the major grading services. In my opinion, however, that is likely to change once the Price specimens offered here are sold, depending on whether or not the new owners decide to 'slab' them." In the ensuing years, PCGS has certified five MS65 examples and two MS66 coins; NGC has yet to see Gem or finer specimens. It is also noteworthy in this regard that the '26-D has, to the best of our knowledge, made only eight appearances in MS65 or better grades through the major auction firms in the last 15 or so years. The most prominent of these is the Morse specimen, which realized $345,000 when Heritage offered it in November 2005.
The Gem example presented here displays dazzling luster that radiates from peach and yellow-gold surfaces tinged with traces of light tan and greenish-gray. A sharp strike occurs on the design elements, save for the usual softness in the Capitol dome. A wispy linear mark in the upper left obverse border serves to identify this marvelous piece that is sure to command keen bidder interest.
(PCGS# 9184)
Auction 438
| Lot: 2803 | Jun 2, 2007
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1926 $1 MS67 PCGS.
(PCGS# 7367)
Auction 1334
| Lot: 3558 | Oct 10, 2021
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1926-S 5C MS66 NGC.
(PCGS# 3959)
Auction 1160
| Lot: 3409 | Oct 16, 2011
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1926-S $20 MS67 PCGS.
(PCGS# 9185)
Auction 1311
| Lot: 4044 | Jan 12, 2020
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1926-S 5C MS65 PCGS Secure. CAC.
(PCGS# 3959)
Auction 1189
| Lot: 6286 | Sep 29, 2013
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1926-S 5C MS65 PCGS. CAC.
(PCGS# 3959)
Auction 1342
| Lot: 3023 | Feb 27, 2022
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1926-S 5C MS65 PCGS. CAC.
(PCGS# 3959)
Auction 1271
| Lot: 4790 | Jan 8, 2018
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1926-S 5C MS65 PCGS Secure. CAC.
(PCGS# 3959)
Auction 1201
| Lot: 5168 | Jan 12, 2014
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1926-S $20 MS66+ PCGS Secure. CAC.
(PCGS# 9185)
Auction 1166
| Lot: 4643 | Jan 8, 2012
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1926-S 5C MS66 NGC.
(PCGS# 3959)
Auction 1166
| Lot: 5267 | Jan 8, 2012
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1926-S $20 MS66 PCGS.
We have had the pleasure of auctioning a number of MS 60-65 examples over the years, but this is by far the finest specimen we can remember having handled since 1998, that being an NGC MS66. The surfaces are essentially flawless with no reportable abrasions on either side. The striking details are well defined except on the toes of Liberty and the dome of the Capitol building. The entire coin has smooth, satiny luster with rich yellow-golden patina. A few degrees of clockwise die rotation are noted, as is a small toning spot on the reverse just under the longest feather on the eagle's uppermost wing. Simply outstanding quality throughout. Population: 2 in 66, none are finer (9/05).
From The Phillip H. Morse Collection of Saint-Gaudens Coinage.
(PCGS# 9185)
Auction 392
| Lot: 6689 | Nov 3, 2005
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1926-S 5C MS65 PCGS Secure. CAC.
(PCGS# 3959)
Auction 1208
| Lot: 5543 | Aug 9, 2014
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1926-D $20 MS64 PCGS. CAC.
(PCGS# 9184)
Auction 1136
| Lot: 2327 | Jan 10, 2010
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1926-S 5C MS65 PCGS.
(PCGS# 3959)
Auction 1124
| Lot: 2151 | May 3, 2009
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1926-S 5C MS65 PCGS Secure.
(PCGS# 3959)
Auction 1175
| Lot: 3503 | Oct 21, 2012
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1926-S $20 MS66 PCGS.
(PCGS# 9185)
Auction 1386
| Lot: 3216 | Oct 5, 2025
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1926-D $20 MS64+ PCGS Secure. CAC.
(PCGS# 9184)
Auction 1143
| Lot: 3639 | Aug 15, 2010
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1926-S 5C MS65 PCGS Secure.
(PCGS# 3959)
Auction 1184
| Lot: 4162 | Apr 28, 2013
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1920 Manila Mint Opening/Wilson Dollar in Gold, HK-1031, MS62 NGC.
(PCGS# 7466)
Auction 1114
| Lot: 2151 | Aug 3, 2008
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1926-S $20 MS66 PCGS.
(PCGS# 9185)
Auction 1136
| Lot: 2330 | Jan 10, 2010
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1926-D $20 MS64 PCGS.
Ex: Brahin. Rich yellow-gold color is framed by a narrow ring of honey-gold at the borders. The surfa...
(PCGS# 9184)
Auction 432
| Lot: 2423 | Mar 16, 2007
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 454
| Lot: 3392 | Jan 12, 2008
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1114
| Lot: 2123 | Aug 3, 2008
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1926-D $20 MS64 PCGS.
Like many other rarities in the Saint-Gaudens series of double eagles, this date had a significant mintage with a low survival rate. A total of 481,000 of these coins were struck during the year, and most remained in storage before being melted in the 1930s. This scenario is common to many of the coins in this series, pieces that would otherwise be considered common dates, based on mintage alone. There are no known hoards of this date, and no significant quantities have ever been imported from overseas holdings. Jeff Garrett and Ron Guth commented: "The 1926-D issue is a very rare coin. The mintage was laid to waste by the bureaucrats who demanded that all gold coins be returned from circulation and melted in the 1930s. The few that did survive were either found overseas or were held back by a handful of wealthy collectors able to keep them through the turmoil of the ensuing few decades."
Like this piece, most known examples are in various Mint State grades. Only about 10% to 20% of the known population is in circulated grades. For example, Dave Bowers estimated a field population that included 30 to 45 circulated coins and 250 to 400 Mint State pieces. We believe that the actual population is most likely at the low end of those estimates.
This example is a lovely near-Gem specimen with satiny yellow-gold luster that is enhanced by light pink and orange toning. The rims are markedly beveled as usual for these coins, and the strike shows some weakness at the center. Each side has the few slight abrasions that prevent a Gem grade assessment.
From The Matt & Susan Brown Family Collection of Saint-Gaudens Double Eagles.
(PCGS# 9184)
Auction 430
| Lot: 5287 | Feb 17, 2007
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1926-S 5C MS65 NGC.
(PCGS# 3959)
Auction 1356
| Lot: 3659 | Jan 12, 2023
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1926-D $20 MS64+ PCGS. CAC.
(PCGS# 9184)
Auction 1311
| Lot: 4043 | Jan 12, 2020
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1926 $2 1/2 Sesquicentennial MS67 NGC.
The National Sesquicentennial Commission, the organization responsible for the Sesquicentennial Exposition, optimistically ordered the full authorized mintage of 1,000,000 half dollars and 200,000 quarter eagles, plus the assay pieces required by law. Like most of the commemorative coin vendors up to that time, the Commission's grandiose dreams floundered on the reefs of reality, and a total of only 45,793 quarter eagles found buyers. The net mintage most often given for this final classic gold commemorative is either the preceding number, the
Guide Book
's total, 46,019 pieces, or something in between, depending on the ultimate fate of the 226 assay pieces.
As one may derive from the grade, this is a simply exceptional example. The apricot-gold surfaces, laced with peach and emerald, have strong, frosty luster that is a far cry from all but the finest representatives. Liberty's fingers and toes, as well as the building's door and windows, display uncharacteristic, practically pinpoint detail. Only a handful of minuscule marks affect each side, though a small mint-made flaw below the R in AMERICA is noted as a pedigree marker. This is only the fourth Superb Gem of this exceptionally tricky issue ever offered by Heritage. The two most recent pieces were housed in NGC holders, while the earliest was PCGS-graded, though this example likely crossed over to NGC, since no such piece appears in the
Population Report.
Census: 3 in 67, 0 finer (11/06).
From The Prinzi Trust Collection.
(PCGS# 7466)
Auction 422
| Lot: 3869 | Jan 6, 2007
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1342
| Lot: 3374 | Feb 27, 2022
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$81,000 or more
1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1387
| Lot: 3691 | Nov 14, 2025
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1926 $20 MS67 PCGS.
(PCGS# 9183)
Auction 1356
| Lot: 3949 | Jan 12, 2023
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1359
| Lot: 3348 | May 7, 2023
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1926-S 5C MS65 NGC.
(PCGS# 3959)
Auction 1158
| Lot: 7059 | Aug 14, 2011
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1926-D $20 MS64 NGC.
(PCGS# 9184)
Auction 1151
| Lot: 5318 | Jan 9, 2011
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1926 $2 1/2 Sesquicentennial MS67 NGC.
Ex: Swiss America/Dr. Merritt. The 1926 Sesquicentennial Exposition, held in Philadelphia to commemorate the 150th anniversary of American independence, was the occasion for the issuance of commemorative half dollars and quarter eagles. March 3, 1925 legislation provided for the production of no more than 200,000 gold Sesqui $2.50 pieces in addition to a number of silver half dollars. In May and June 1926, 200,226 quarter eagles were struck at the Philadelphia Mint, the odd 226 being for assay purposes. The majority of coins sold went to the general public, where many were mishandled, cleaned, or made into jewelry. According to Mint records, 154,207 Sesqui quarter eagles (or more than three-quarters of the total mintage) went to the melting pot.
Several thousand 1926 Sesqui quarter eagle survivors have been certified through the MS64 grade level by PCGS and NGC. Fewer than 2,000 Gems have been graded, as have only 150 or so Premium Gems. A mere three coins are graded MS67!
According to David Bowers in his
Commemorative Coins of the United States,
nearly all better grade specimens are very lustrous and frosty. Strike is another matter, however. Bowers writes that the dies for the 1926 Sesquicentennial quarter eagle were executed in unsatisfactory low relief, with the result that finished coins are often indistinct in areas.
As well struck as any of this type that we have seen, this undeniably beautiful example presents surfaces that are exquisitely toned and exude amazingly effulgent luster. Lovely pastel shades of mint-green, orange, rose and peach are intermingled on each of the two sides. With diligent examination and the aid of a magnifier, a mere handful of minute surface nicks can be detected. To this cataloger, it seems unlikely that a more visually pleasing representative of this issue exists, at any grade level.
(PCGS# 7466)
Auction 408
| Lot: 4745 | Jun 3, 2006
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1926 $2 1/2 Sesquicentennial MS67 NGC.
NGC Census: (3/0). PCGS Population (0/0). Mintage: 46,019. Numismedia Wsl. Price: $5...
(PCGS# 7466)
Auction 66093
| Lot: 24805 | Sep 17, 2006
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1926-S 5C MS65 NGC.
The 1926-S boasts the lowest certified Mint State population in the Buffalo Nickel series along with the 1924-S, this per Lange (2000). The author also states that Gem quality survivors of the former issue are "nearly unknown." The eye appeal of the present representative is nothing short of breathtaking. Predominantly lilac-blue in the centers (although some slightly deeper colors are noted on the reverse), the peripheries are ringed in intense reddish-orange and golden toning. Both sides shimmer with a satiny finish that is virtually undisturbed by carbon or abrasions. The strike is bold in essentially all areas and well above average for an S-mint delivery in this series. Pedigree concerns compel us to mention a tiny fleck on the obverse over the Indian's cheekbone. Combined NGC and PCGS population for this issue in MS65 is a mere 14 coins, and there is only one MS66 NGC example finer (02/04).
(PCGS# 3959)
Auction 344
| Lot: 5398 | Mar 27, 2004
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1926-S 5C MS65 NGC.
(PCGS# 3959)
Auction 1241
| Lot: 5169 | Nov 2, 2016
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1926-D $1 MS67 PCGS. CAC.
(PCGS# 7368)
Auction 1223
| Lot: 4232 | Aug 12, 2015
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$70,500 or more
1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1205
| Lot: 30504 | Mar 20, 2014
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1344
| Lot: 4101 | May 8, 2022
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1926 $2 1/2 Sesquicentennial MS67 NGC.
(PCGS# 7466)
Auction 1114
| Lot: 2150 | Aug 3, 2008
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1926 $2 1/2 Sesquicentennial MS67 NGC.
Congress authorized the 1926 Sesquicentennial commemorative issue to raise funds for a celebratory fair in Philadelphia. The full name of this issue, sometimes simply called the Sesqui, is the Sesquicentennial of American Independence quarter eagle. Both half dollars and quarter eagles were issued, each designed by John R. Sinnock, Chief Engraver of the United States Mint at the time. While the half dollar has conjoined busts of George Washington and Calvin Coolidge, the quarter eagle has a different design. A female with flowing gown stands on top of the world, holding a scroll in one hand and a torch in the other. The scroll is intended to represent the Declaration of Independence while the torch represents freedom. The reverse depicts a front view of Independence Hall in Philadelphia.
This amazing Superb Gem example is tied with two other submissions for the finest of the issue ever certified by NGC. There has never been a similarly graded specimen by PCGS in 20 years of numismatic certification. The 1926 Sesquicentennial quarter eagle was the final commemorative gold issue prior to the modern era of gold commemoratives that began in 1984. Every individual detail is boldly defined on each side. The surfaces have frosty yellow-gold luster with hints of pinkish color. Only with careful examination under magnification can any individual surface marks be discerned. This is a remarkable example with outstanding aesthetic appeal. Census: 3 in 67, 0 finer (6/06).
From The Belle Glade Collection.
(PCGS# 7466)
Auction 414
| Lot: 5741 | Aug 14, 2006
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1926-D $20 MS64 PCGS.
(PCGS# 9184)
Auction 1364
| Lot: 3294 | Aug 20, 2023
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