The term “St. Gaudens coin” typically refers to the Saint-Gaudens Double Eagle , a $20 gold coin produced by the United States Mint from 1907 to 1933, according to Wikipedia. Designed by sculptor Augustus Saint-Gaudens, it’s widely regarded as one of the most beautiful coins in U.S. history.
Here’s a breakdown of the key aspects of the St. Gaudens Double Eagle:
- Design:
– Obverse: Features Lady Liberty striding forward, holding a torch (enlightenment) and an olive branch (peace), with the U.S. Capitol and rays of the sun in the background. Forty-six stars encircled the design in 1907, later increased to 48 in 1912 with the addition of new states.
– Reverse: Showcases a majestic eagle in flight, with a rising sun and its rays behind it. The words “UNITED STATES OF AMERICA” and the denomination “TWENTY DOLLARS” are inscribed, notes GOVMINT.
– Motto: The phrase “In God We Trust” was initially omitted at President Theodore Roosevelt’s request but was later added by an Act of Congress in mid-1908.
– Technical aspects: The coin was groundbreaking for its high-relief design, which gave it an almost sculpted appearance. This, however, posed production challenges, leading to a modified, lower relief version for mass production. Early issues also featured the date in Roman numerals (MCMVII) but were later changed to Arabic numerals.
- Historical significance:
– The coin was commissioned by President Theodore Roosevelt, who desired to elevate the artistic quality of American coinage.
– Production ceased in 1933 when President Franklin D. Roosevelt issued an executive order requiring citizens to turn over most privately held gold bullion to the government, effectively ending the U.S. gold standard.
- Variants:
– High Relief (1907): These early strikes with their distinct, almost medallic appearance are considered scarce.
– Type 2, No Motto (1907-1908): These coins were produced after the relief was lowered and before the “In God We Trust” motto was added.
– Type 3, With Motto (1908-1933): The most common type, featuring the motto on the reverse.
- Value:
– The value of a St. Gaudens Double Eagle can vary significantly based on factors like the coin’s year, mint mark, and condition.
– Prices can range from just above the current gold price for common dates in good condition to significantly higher amounts for rare dates and high-grade examples.
– For example, a 1907 High Relief, Wire Edge MS (Mint State) can range from $8,750 to $900,000, according to Greysheet.
- Collecting and Investing:
– St. Gaudens Double Eagles are highly sought after by collectors and investors due to their beauty, historical significance, and gold content.
– Their scarcity and constant demand can lead to appreciation faster than gold bullion in a rising gold market.
- Where to buy:
– Reputable coin dealers specializing in U.S. gold coins, both online and in brick-and-mortar stores.
– Some online retailers include Austin Rare Coins, GovMint.com, JM Bullion, and APMEX.
– Some local options include Bullion Exchanges in New York, NY, A World of Coins and Golden Peaks Coin, Gold & Silver in Littleton, CO, Aydin Coins & Jewelry in Ramsey, NJ, and Gainesville Coins in Lutz, FL.
How much is a St Gaudens coin worth?
Thanks for asking. The value of a Saint-Gaudens $20 Coin can vary significantly based on the coin’s mint year and overall condition. For example, a 1907 Saint-Gaudens in good condition may sell for around $1139 or close to the current price of gold. A 1908-S, on the other hand, may sell for over $8600 if in uncirculated condition.
Are St. Gaudens gold coins a good investment?
Thanks for asking. The coins will appreciate as their intrinsic value (gold value) increases. The premium should be assumed a write off, but you might be able to recoup in some markets. If you paid $2000 for a St G when its agw value was $1800, you’re in profit already and it will continue to be a good investment.
What is the rarest St. Gaudens gold coin?
The 1927-D Saint Gaudens Double Eagle is today considered the premier U.S. gold rarity of the 20th century (aside from the 1933 $20, of which only one can be privately held).