1923 $20 MS65 认证号16595405, PCGS号9175

2010 June Long Beach, CA Signature US Coin Auction #1140 - Lot 1954 - 1923 $20 MS65 PCGS Secure. The 1923 Saint-Gaudens issue is not the common coin that it is usually considered to be, due to its association with other P-mints of the 1920s that are. It is far rarer than the 1925, 1926, or 1928, and although it is available up to MS64, Gems are rare and anything finer is nearly impossible. Housed in one of the spiffy new PCGS Secure holders, this piece displays the normal bold strike for the issue. The coloration is a lovely orange-gold with bright luster, and marks are minimal, as expected. PCGS has certified only three pieces finer (4/10)

David Akers (1975/88)

Although the 1923 is widely considered to be a "common" date, it is really only deserving of that status in MS-63 or lower condition. In MS-64 condition, this issue is surprisingly difficult to locate and true gems are far more rare than all but the long time specialists in this series realize. Above the MS-65 level, the 1923 is a major rarity and I do not recall ever seeing one that I would grade a full MS-67. Other specialists have reported seeing a very few such specimens, however.

The 1923 is generally very well struck, although many, if not most, specimens are a little weak on the Capitol building and the stars beneath it. The rim is usually sharp and square, often with a partial wire edge. All specimens are fully frosty. The color is typically a light to medium orange or coppery gold. Some examples show evidence of "mounding" or die bulging beneath the topmost stars.