Lot 1852
1926-D. PCGS graded MS-62. Light golden-olive toning. One of the Key Dates in the series. We have had the pleasure of auctioning a number of MS 60-65 examples from time to time, and we always find it enjoyable when a select specimen like this turns up. The surfaces are lustrous with with only light abrasions on either side. The striking details are well defined except on the toes of Liberty and the dome of the Capitol building. The entire coin has smooth, satiny luster with the above-mentioned golden patina. Pop 47; 75 finer (PCGS # 9184) .
Historic Note: Just a fraction of the coins from this issue are believed to be extant, from an original mintage of more than 2 million pieces, and the Mint State population dwindles rapidly above the Choice level. When David Akers wrote about this issue in 1988, he stated "In every respect except one, the 1926-D is virtually identical in rarity to the 1925-S (The one area in which they differ is that the 1925-S is often seen in circulated condition whereas the 1926-D is nearly always seen only in Mint State.)" Today, the tide has shifted a bit in favor of the 1926-D. With regards to overall rarity, today the 1926-D is theoretically twice as rare as the 1925-S. With regards to conditional rarity, Akers observation that the '25-S is most often seen in circulated grades while the '26-D is seen in Mint State still is quite accurate in the sense that the larger number of circulated 1925-S issues accounts for the larger total population of the '25-S. In Mint State, the '25-S and '26-D actually have a very similar break down in each grade from MS-60 to MS-64 with the '25-S existing in higher superb gem grades than the '26-D. Population of 54 with 59 finer.
Estimated Value $19,000 - 20,000.
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