1931-D ST. GAUDENS $20 MS65

Name: 1931-D ST. GAUDENS $20 MS65 - Australian Rare Coins
Price: 240000.00 AUD
Availability: InStock

$240,000.00

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GEM ORANGE PEEL LUSTROUS SURFACE. ONLY ABOUT 125 SPECIMENS BELIEVED TO EXIST TODAY. JUST NINE COINS GRADED HIGHER AT PCGS.

The 1931-D is one of several late-date issues in the Saint-Gaudens Double Eagle series that suffered grievously during the gold call-in of the 1930s. This issue entered the U.S. coinage family with a limited mintage of 106,500 pieces. Few examples were distributed into commercial channels, and federal employees destroyed virtually all of the undistributed coins on orders from President Franklin Delano Roosevelt.

We believe that only 95-110 1931-D Double Eagles have survived in all grades – a total that places this issue in the same overall rarity tier as the 1931 and 1932. The majority of survivors grade no finer than MS-64, and the 1931-D is more akin to the 1930-S in terms of high-grade rarity. In fact, the ’31-D is the 16th rarest of the 53 business strikes in the Saint-Gaudens Double Eagle series in terms of rarity at or above the MS-65 grade level.

Specifications

Grading Service:	PCGS	SKU:	144636
Grade:	MS 65	Cert Number:	16399265
Census*:	14/9	CU Price Guide*:	$240,000.00

*Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.

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Description

In 1931, the United States saw significant developments that would shape its economic and cultural landscape for years to come. One such milestone was the enactment of the Davis-Bacon Act, which established minimum wage standards for laborers working on federal government contracts. This legislation aimed to prevent contractors from undermining local wages and to ensure fair compensation for workers, particularly in the construction industry. Additionally, King Kullen, often regarded as the first modern supermarket, opened its doors in Queens, New York, in 1930. This innovative retail establishment introduced the concept of self-service, allowing customers to browse aisles freely and select their groceries directly from shelves. King Kullen’s approach revolutionized the shopping experience, offering convenience, variety, and lower prices compared to traditional grocery stores. Furthermore, 1931 marked a momentous occasion in American history with the official recognition of “”The Star-Spangled Banner”” as the national anthem of the United States. Adopted by Congress, this patriotic song, with its stirring lyrics and melody, came to symbolize the nation’s unity, resilience, and pride. Sung at public gatherings, sporting events, and official ceremonies across the country, “”The Star-Spangled Banner”” became an enduring emblem of American identity and values. These events of 1931 reflected the country’s commitment to fair labor practices, innovative retail strategies, and national unity, shaping its trajectory amid the challenges of the Great Depression and heralding a new era of progress and pride.