Lot 1374
1922. NGC graded MS-62. Very frosty. Many double eagles were kept in Treasury vaults as backing for Gold Certificates in the 1920s, since people found their use inconvenient compared to the easy to handle paper notes. As long as confidence remained that the notes could be exchanged "on demand" for the specie (coins), prices were stable (PCGS # 9173) .
Estimated Value $1,150 - 1,200.
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| Realized $1,288 |
