Why Acquire $20 Saint Gaudens

The unfortunate predictions being made by monetary professionals all around the world about the state of the national as well as the global economic condition have put a damper on even the most optimistic and robust investors. Worries about a probable double dip recession combined with the recent worldwide recession has caused the stocks and currencies in a number of nations to plunge or become too risky.

Nevertheless, there are still some commodities which are reliable options for all people. One of these is the $20 Saint Gaudens gold coin. Minted for the first time in 1907, this rare gold coin was produced until 1933. It is expected that this coin will enjoy a steady growth in prices and even in the worst case it will at least retain its worth. In fact according to a report in Steve Sjuggerud’s Daily Wealth dated June 10th, 2011, investors can purchase uncirculated, mint condition, pre 1933 $20 Saint Gaudens at prices lower than $1,700 when gold is valued at around $1,550. To give you a better idea of its worth, the $20 Saint Gaudens sold at about almost ten times the value of gold during the peak of the last gold bull market. Ten times the value of gold today would amount to over $15,000 for the Saint Gaudens.

The $20 Saint Gaudens Option: Advantages

Let us take a closer look at why you should be considering $20 Saint Gaudens in your portfolio:

 Guarantee: The $20 Saint Gaudens, just like its modern version, the American Eagle, is one of the few gold coins which carries with it the guarantee of the American government. The government provides a guarantee to the coin’s owner regarding the coin’s weight, its content and its purity so that the owner can be confident about its value. The assurance provided by the guarantee from the American government is one of the major reasons why people acquire $20 Saint Gaudens.

 Universally Traded: $20 Saint Gaudens are one of the most universally traded gold coins. In fact, it is also one of the most universally owned coins. This creates a high demand for these gold coins both internationally as well as nationally. Also the guarantee provided by the American government allows for trading in all the major world markets. This allows people a great deal of liquidity as compared to other asset instruments.

 High Gold Content: The gold purity of the $20 Saint Gaudens is quite high at 0.900. Each $20 Saint Gauden contains about 0.9675 troy ounces of the precious metal. So whenever the prices of spot gold increase, the value of these coins also increase.

 High Degree of Privacy: In the United States, owners of ordinary gold bullion bars and coins are subject to strict government reporting requirements. For instance, bullion sellers need to record their name, social security number and mailing address in the IRS Form 1099B. Some people argue that this is a violation of their privacy and might eventually lead to gold confiscation. However, people who invest in $20 Saint Gaudens do not have to worry about such rigid regulations as these coins are categorized as rare coins and not bullion coins.

Types of $20 Saint Gaudens: Popular Options

Here is a list of some of the varieties of $20 Saint Gaudens which you could consider as an option.

$20 1907 High Relief

$20 1907 No Motto

$20 1908 No Motto

$20 1908-1933 with Motto

When acquiring $20 Saint Gaudens, ensure that you check its grading. Most rare coins are graded by PCGS or NGC coin grading service. The grade of the coin will help to identify the exact price which is extremely useful when you are planning to sell them.