Lot 4117
1924 $20 St. Gaudens. NGC graded MS-64. Frosty, very choice surfaces. Gold played a key role in the economy in the 1920s. With Great Britain attempting to "deflate" its overheated money supply after World War I ended, America, in order to stem the flow of gold from the Bank of England to America, artificially lowered interest rates here in 1924 (and again in 1927). This gave a big boost to our stock market, and, for a time, delayed the drain on England's gold. Eventually, the trend worsened. England faced a dire situation by the 1930s.
Estimated Value $750 - 800.
Frank McCarthy Collection.
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| Realized $834 |
