Valuable Gold Coin 1927-D Saints

Thursday, 21st January 2010

A gold coin, which recently sold at auction for almost $1.5 million (£924,000), has been described by one numismatic expert as "absolutely spectacular".

Numismatic News reports that Matt Kleinsteuber, an expert grader and trader for NFC coins, went on to describe the 1927-D $20 gold coin as "beautiful" and "special".

When the coin was sold on January 7th during the Heritage Platinum Night in Orlando it brought in a bid of $1,495,000, the second highest auction lot of the night.



According to the coin expert a 1927-D $20 gold piece is an "absolute rarity" as there are just four located in various museums, alongside a further seven that are privately owned.

Mr Kleinsteuber stated: "As only seven privately owned 1927-D Saints have been seen in decades, the offering of one of them is a major event."

The item that sold for the highest price at the Heritage Platimum Night was the 1913 Liberty Nickel, which sold for $3,737,500.

source : gold.org