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St. Gaudens $20 Gold Coin For Sale – Saint Twenty Dollar

Blog Oct 31, 2011

St. Gaudens $20 Gold Coin – Saint Twenty Dollar

We offer all types of Saint Gaudens gold coins at ITM Trading, including the smaller denominated Indian Head series:

1. If you are looking for a specific date, mint mark or grade give us a call and we will acquire it for you.

2. If you are interested in the value of a Saint Gaudens coin you already own give us a call and we will be happy to give you a quote. (there are many dates, mint marks and grades of quality that will determine a coins value)

3. If you are looking for details on weight, gold content etc. please see the bottom ofthis page.

$20 Saint Gaudens are one of the best ways to own gold! They are regarded for their performance over gold bullion, their non-reportability and privacy as weill as their immunity from gold confiscation. To read more about the advantages of owning Saint Gaudens gold coins click here.

The History of this beautiful coin:

The $20 Saint-Gaudens is a one ounce (.9675) gold piece. It is one of the most striking
and beautiful gold coins ever minted. The coin was named for its designer Augustus
Saint-Gaudens. It is said that during Teddy Roosevelt’s term as President
(1901-1909), he had tired of the design of the $20 Liberty, which had been in circulation
since 1850. Roosevelt, marveled by the design of the ancient coins of Greece, felt
that America in its glory should have something magnificent in its design. In 1905
he commissioned his friend and world renowned sculptor Augustus Saint-Gaudens to
redesign the coinage and the first addition was released in 1907. The coin was originally
minted without the motto (the words) “In God We Trust” because Roosevelt
felt that it was sacrilegious. But the public didn’t agree and in 1908 the
coin was reissued. For the next 25 years the $20 Saint Gaudens would be minted with
motto (the words) “In God We Trust”, which forms an arch across the
bottom of the reverse side of the coin. This is the reason the $20 Saint Gaudens
is often referred to as “with motto” or “no motto”.

The $20 Saint Gaudens is one of two, one ounce (.9675) old US gold coins. The other,
the $20 Liberty, is also referred toas a Double Eagle. The $20 Saint Gaudens coins
minted from 1907 to 1911 have 46 stars across the top of the obverse side, each
one representing a state of the union. In 1912 New Mexico and then Arizona became
states and the number of stars increased to 48 from 1912 – 1933.

In 1933 Teddy’s cousin, Franklin
Roosevelt would confiscate gold.
Because the gold $20 Saint Gaudens was not a collector coin at the time, Americans
were forced to turn in their gold “Saints” receiving the legal set price of $20.67
an ounce. Immediately after citizens turned in their gold, the US Government revalued
gold, raising its legal set price to $35 an ounce. Today the $20 Saint Gaudens is
one of the most sought after “collector coins” in the world!

The $20 Saint Gaudens was officially minted in the UnitedStates in 3 different
mints, Philadelphia, Denver and San Francisco. It was the last gold piece struck
by the U.S. for regular issue and will forever be a symbol of what real money is!

Teddy Roosevelt personally selected the so-called “High Relief” Lady
Liberty design. The obverse features the image of Lady Liberty striding confidently
into the future, while the reverse features an American Eagle in flight. Unfortunately
Saint-Gaudens died of cancer on August 3, 1907 without seeing his magnificent gold
coin enter circulation.

In November of 1907, mintage of “regular issue” High Relief $20Saint-Gaudens
gold coins began. There were 11,250 coins minted but this was no easy task. Each
coin required five blows from thepress to raise the design relief. Bankers complained
that these newcoins wouldn’t stack properly because of their new design, and practicality
winning over aesthetics, the coin design was altered by Charles Barber into a “flat
relief” version. The first Barber-redesigned Saints were minted with 1907
& 1908 dates. Struckmostly in Philadelphia, $20 Saint-Gaudens gold coins were
alsoproduced at our Denver & San Francisco mints. TheHigh Relief is coveted
by collectors and investors and sells for thousands of dollars above the spot gold
price.

If you are interested in owning one of the best gold coins ofour time give us a call or click here for a free gold information kit to learn more about the benefits of ownership.

$20 Gold Double Eagle Coin Design Specifications

Designer Augustus Saint-Gaudens
Gross Weight 33.436g
Gold Content

0.9675 oz. pure gold

Composition 0.900 gold, 0.100 copper
Diameter 34 mm, reeded edge.
 

 

Dates of Mints Philadelphia 1907-1933
 

Denver 1908-1931
 

San Francisco 1908-1930

$20 Saint-Gaudens Double Eagles are among the world’s most recognized and
coveted gold pieces. Workhorse coins of trade, they were crucial building blocks
of the expanding U.S. industrial revolution in the 19th and early 20th Centuries.

Some vary rare issues of the $20 Saint Gaudens have sold for record prices in recent
years. One 1933 sold in July 2002 for just over $7.5 million. However, some of the
lower grades (see Rare Coin
Grading
) still trade relatively close to the spot gold price and many of
the higher grade coins are still very reasonably priced and sell well below their
peak values reached in 1989. We consider these coins to be an excellent long-term
value.

Limited numbers & worldwide popularity make these classic U.S. Mint $20 Double
Eagles a real treasure. They are increasingly sought out by smart gold investors.
With true scarcity and collector value, they can appreciate in a rising gold market
much faster than gold bullion coins or bars. In fact, there have been periods over
the last 3 ½ decades when St Gaudens in better grades have out-performed
gold bullion by substantial margins and at times have risen in value even while
gold bullion prices declined. A rising gold market, can be an explosive force for
these widely-sought U.S. gold coins!

Gold coins are an excellent hedge against a stalling economy and growing inflation,
as the purchasing power of our dollars is shrinking daily. Gold is an ideal hedge
against currency inflation & devaluation, stock market volatility, and unforeseen
economic hardships. With a national debt exceeding $8 trillion and imploding
trade deficits and budget deficits
, the growth potential for the St Gaudens
make it a valuable tangible asset for troubled times.

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

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