Saint-Gaudens Gold Double Eagle Coins
As such, Roosevelt called for the aureate Double Eagle coin to be redesigned. He commissioned american sculptor and personal friend, Augustus Saint-Gaudens, to carry out the job, much to the humiliate of top U.S. Mint officials. While the Saint-Gaudens Gold Double Eagle has lived on to salute day as what many consider to be one of the most beautiful U.S. coins in history, the story of its origin is peppered with product roadblocks, fervent infighting and other inhibitive obstacles .
The Saint-Gaudens Double Eagle was minted for closely 30 years, beginning in 1907. production ultimately ended in 1933 after another member of the Roosevelt bequest, President Franklin D. Roosevelt, issued Executive Order 6102 forbidding the “ roll up of gold coin, aureate bullion, and gold certificates within the continental United States, ” and efficaciously ending the country ’ s aureate standard.
The Saint-Gaudens Double Eagle has a face value of $ 20 USD, weighs 33.431 grams and measures 34.1 millimeters in diameter. It is composed of 90 % amber and 10 % copper, and contains .96750 troy ounces of gold. The coins were struck at the Philadelphia, Denver and San Francisco mints, with Denver and San Francisco pieces bearing “ D ” and “ S ” mintmarks respectively. Coins minted in Philadelphia were struck with no mintmarks .
Rarities of the Saint-Gaudens Gold Coins
Coins remaining in bank vaults in the United States were melted after 1933 ; coins in bank vaults overseas were not. Millions of Double Eagles, of both the Liberty Head and Saint-Gaudens designs, were repatriated for numismatic and investment purposes. The 1924 Saint-Gaudens Double Eagle was once thought to be rare although 4,323,500 were struck. large quantities of 1924 double Eagles were found in european trust vaults, and nowadays the 1924 is one of the most common of the series. On the other hand, the 1925-S had 3,776,500 strike, but few were released, most remained at the Treasury and bank vaults but available from the Treasury at confront rate in 1932. Fewer than a thousand are known to have survived ; one, in almost-perfect condition ( grade MS-67 ) sold in 2005 for $ 287,500 .
Top Reasons to Buy the Saint-Gaudens Gold Double Eagle
- The coins are 90% gold, 10% copper.
- The coins contain .96750 troy ounces of gold.
- The Saint-Gaudens design touts a reputation as one of the most beautiful in U.S. coinage history.
- The coin is highly regarded and valued, making it an excellent addition to any precious metals holding.
Saint-Gaudens Gold Double Eagle History
While numismatic experts and precious metals investors laud the Saint-Gaudens Double Eagle today, its journey to realization was fraught with challenges. Internal squabbling concerning the redesign took set deoxyadenosine monophosphate early as the mint ’ sulfur conceptualization, with both President Roosevelt and Saint-Gaudens continually ignoring advice from seasoned Mint leaders. Of particular note, the President and sculptor opted to design the new coin in high relief, a decisiveness that would late prove to be most damnatory, resulting in production delays and heightened tensions.
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From the begin, leadership at the U.S. Mint viewed Saint-Gaudens ’ s high stand-in proposals as “ experiments ” that weren ’ deoxythymidine monophosphate worth the institution ’ sulfur time. These doubts were validated after the architect ’ randomness first-round “ Extra High Relief ” and second-round “ High Relief ” dies proved to be undesirable for practical production. After these failed attempts, Saint-Gaudens and his adjunct set out to create a third base adaptation of the dies, far lowering the invention ’ s relief. In the midst of this rework, Saint-Gaudens passed aside from cancer, leaving the President and Mint leadership unaware of where the redesign summons stood and at a loss of how best to proceed. After a bout of frustrating back-and-forth with President Roosevelt, the Mint ’ mho Chief Engraver forged ahead on his own to create entirely new “ Low Relief ” dies that would finally and practicably bring Saint-Gaudens ’ s design to life .
In December 1907, this third “ Low Relief ” version was complete, and the newly designed coins were finally struck on a large-scale basis. While a bare 24 pieces of the “ Extra High Relief ” first-round coins, and 12,000 pieces of the “ High Relief ” second-round coins were produced, a sock 362,000 of the Chief Engraver ’ s third-round “ Low Relief ” adaptation were minted. Outside of a few tweaks – some minor, others noteworthy – the Chief Engraver left Saint-Gaudens ’ sulfur design largely entire .
production of Double Eagles was paused in 1916, but resumed four years late in 1920 after WWI had ended and demand for the coin returned .
The Saint-Gaudens gold Double Eagle would continue to be struck for another 13 years, until 1933, when the gold criterion in the U.S. – and across the globe – was effectively ended. While most gold coins were melted down in the years following, the U.S. Mint sent two 1933 double Eagles to the Smithsonian Institution ’ s National Coin Collection, where they remain to this day.
Saint-Gaudens Gold Double Eagle Design
Saint-Gaudens ’ randomness obverse blueprint depicts Lady Liberty regally walking advancing, holding a blowtorch, representing enlightenment, in her right hand, and an olive branch, representing peace, in her left hand. A set of sunrays shines brilliantly behind her, and the courtly U.S. Capitol build up can be seen in the penetrate left outdistance. The mint ’ randomness mint year sits to the bottom mighty, while the parole “ LIBERTY ” traces the coin ’ s top edge .
Forty-six single stars primitively lined the obverse ’ mho rounded boundary. In 1912, two new stars were added, symbolizing the join of Arizona and New Mexico with the Union. The master placement of the pre-1912 stars was not adjusted, but rather, the two modern stars were added on the outcrop at the lower properly of the design .
The mint ’ s reverse portrays a glorious flying eagle traversing its own set of shining sun rays, with the words “ UNITED STATES OF AMERICA ” lining the acme border of the mint and its face value, “ TWENTY DOLLARS, ” sitting barely below. In 1908, the reverse design was adjusted to include the motto, “ IN GOD WE TRUST, ” after intense public outshout moved President Roosevelt to change his mind about omitting the give voice originally .