Introduction
The Saint-Gaudens Double Eagle is a $20 gold coin minted by the United States Mint from 1907 until 1933. This coin is renowned not only for its gold content but also for its striking design created by the eminent sculptor Augustus Saint-Gaudens.
Historical Context
Early 20th Century Coinage
In the early 20th century, President Theodore Roosevelt sought to redesign U.S. coinage to match the artistic quality of ancient Greek and Roman coins. He commissioned Augustus Saint-Gaudens to create designs for the Double Eagle and other denominations.
Types/Categories
High Relief (1907)
The first Saint-Gaudens Double Eagles were struck in high relief, which proved impractical for mass production. Only around 12,000 of these coins were minted.
Low Relief (1908-1933)
To facilitate production, a low relief version was introduced in 1908, which became the standard design until the coin’s discontinuation.
Key Events
- 1907: Initial minting in high relief, causing technical difficulties.
- 1908: Transition to a more practical low relief design.
- 1933: Final year of minting before the cessation due to the Gold Reserve Act.
Detailed Explanations
Design Elements
- Obverse: Features Liberty striding forward, holding a torch and an olive branch, with the U.S. Capitol in the background.
- Reverse: Depicts a majestic eagle in flight above the rising sun.
Gold Content
The coin contains 0.9675 troy ounces of gold.
Importance
The Saint-Gaudens Double Eagle is considered one of the most beautiful coins ever produced by the U.S. Mint. Its design and limited mintage have made it highly sought after by collectors.
Applicability
Numismatics
- Collectibles: The coin is prized in the world of numismatics.
- Investment: Its gold content also makes it a valuable asset for investors.
Examples
Notable Sales
- 1933 Double Eagle: One of the rarest and most expensive coins ever, with a specimen selling for over $7 million.
Considerations
- Authenticity: Ensure coins are certified by reputable agencies like PCGS or NGC.
- Condition: Mint state coins fetch higher prices than circulated ones.
Related Terms
- Numismatics: The study or collection of currency.
- Bullion Coin: A coin whose value is based on its metal content.
Comparisons
- Krugerrand: Unlike the Saint-Gaudens, the Krugerrand is still in production and widely used for investment.
Interesting Facts
- The High Relief 1907 Double Eagle is considered a numismatic masterpiece.
- A 1933 Double Eagle was once owned by King Farouk of Egypt.
Inspirational Stories
- Theodore Roosevelt’s vision led to the creation of one of the most iconic U.S. coins, showcasing his influence on American arts and culture.
Famous Quotes
- “This is my pet crime,” President Theodore Roosevelt said about his coinage reform efforts.
Proverbs and Clichés
- “A penny saved is a penny earned” - Highlighting the value of coins and savings.
Jargon and Slang
- Slug: Slang for a gold coin in historical contexts.
FAQs
What is the Saint-Gaudens Double Eagle?
A $20 gold coin designed by Augustus Saint-Gaudens, minted between 1907 and 1933.
Why is it valuable?
Due to its historical significance, limited mintage, and gold content.
How can I verify authenticity?
Through certification from recognized numismatic organizations.
References
Summary
The Saint-Gaudens Double Eagle remains a hallmark of American numismatic artistry and history. Its intricate design, historical context, and intrinsic value make it a cherished collectible and investment. Whether you’re a history buff, collector, or investor, understanding the significance of this coin adds a valuable perspective to your appreciation of American heritage and coinage.
