by Max Spiegel, NGC Numismatic Researcher ……..
Semiprooflike appearance, thick lettering and raised lumps helped NGC graders identify a counterfeit 1924 Saint-Gaudens Double Eagle.
The 1924 Double Eagle is by far the most common date in the Saint-Gaudens series. NGC has graded more than 300,000 examples—an astonishing number, particularly given that the coin’s total mintage was just over 4.3 million pieces.
For many years, however, the 1924 was considered to be relatively rare and collectors in the mid-20th Century found it difficult to locate high grade examples. Most of these coins were shipped overseas, primarily to banks in Europe, and few specimens remained in the United States.