1927-S $20 MS65+ Certification #06666187, PCGS #9188

Expert Comments

David Akers (1975/88)

Four decades ago, the 1927-S was considered to be the fourth rarest issue of the series after the 1924-S, 1926-D and 1926-S (in that order). It was thought to be more rare than the 1920-S or 1921 and even the 1927-D. Over the next 20 or so years, one or a few specimens at a time showed up in shipments of double eagles from Europe, but I do not recall ever hearing of any "hoards" or even a single roll quantity of this issue being discovered. Some real gems of this issue are known and I have seen two or three examples that were distinctly better than MS-65, i.e. MS65+ if not MS-67.

The 1927-S is usually very sharply struck with fully frosty or somewhat satiny surfaces and very good to excellent lustre and color. Some specimens have very rounded or beveled rims and many show evidence of die bulging or die deterioration near the borders. Die breaks are commonplace and on some soecimens they are very prominent. (One variety has a large semicircular die break running along the bottom of RTY through the olive branch to the date.) The typical 1927-S is a rich greenish gold and orange or coppery color. Copper stains are very common on this issue.

 

 

Diameter
34.00 millimeters
Designer
Augustus Saint Gaudens
Edge
Lettered
Mintage
3107000
Weight
33.40 grams
Metal Content
90% Gold, 10% Copper
Country
The United States of America
Pop Higher
3
Pop Lower
141
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 225 R-6.7 9 / 49 9 / 54
All Grades 160 R-7.4 8 / 49 TIE 8 / 54 TIE
60 or Better 20 R-9.1 10 / 49 TIE 10 / 54 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade  PCGS #9188 (MS)     67

Museum of Connecticut History - Heritage 6/1995:6027, $181,500 - Philip Morse - Heritage 11/2005:6698, $345,000 - Heritage 2/2006:13724, not sold - sold privately to Dr. and Mrs. Steven L. Duckor Collection - Heritage 1/2012:4645, $276,000 - Heritage 8/2012:5460, $282,000 - Heritage 1/2013:5966, $340,750

1 MS67 estimated grade

National Numismatic Collection at the Smithsonian Institution

3 MS66 PCGS grade

Dr. Thaine Price - David Akers 5/1998:116, $132,000

3 MS66 PCGS grade MS66 PCGS grade

Bowers & Merena 7/2002:931, $97,750 - Kutasi Collection - Heritage FUN 1/2007:3304, $172,500 - Heritage ANA 8/2007:2084, $184,000 - Jay Brahin - Heritage FUN 1/2010:2334, $276,000

5 MS65+ PCGS grade MS65+ PCGS grade

Phillip H. Morse Collection - Heritage 11/2005:6699, $132,250 - Heritage 4/2006:11486, not sold - Heritage 1/2007:3827, not sold - Heritage 10/2008:2506, $138,000 - Heritage 7/2009:1358, not sold - Heritage 10/2009:1950, $109,250 - Heritage 3/2010:2841, $109,250 - Heritage 1/2006:11370, not sold - Heritage 12/2005:14070, not sold