The Background Of The Saint Gaudens Gold Coin
For those new to coin collecting or those who're interested in investing in the gold market, the Saint Gaudens Gold Coin is one of the most sought after, expensive and beautiful coins in the marketplace. Back around the turn of the 20th century, Teddy Roosevelt commissioned his artist friend to re-design the plain $10 & $20 gold coins that most people used instead of paper money. Roosevelt favored the ancient Grecian coins that people still collect today and thought that a country as great as America should have similar works of art shown off on their coinage. Augustus Saint-Gaudens was the famed sculptor given the task of beautifying the coins, but he died before seeing his coins fully realized. The problem that came from his coins was that they had to be struck too many times in creation and didn't stack well for bankers, so only 12,367 of these coins were minted in 1907. The Saint Gaudens High Relief Roman Numerals 190 and the Saint Gaudens Arabic Numerals 1907–1933 are the names of the two major versions of the coins. He created other rare types of double eagle coins that were also minted in 1907 and are highly collectible as they're valued from the tens of thousands to millions. Fast forward to 2009 and you'll find that United States Mint issued an ultra high relief double eagle using the vision of Saint Gauden's original designs. These rare coins have a higher gold count and greater striking pressure, giving it an opening price of $1239. Initially, they were restricted to one per buyer, but that ban was lifted in September of 2009. With the rising cost of gold, this coin, based on what is consider the most beautiful American coin ever, is an investment as much as it is a collector's item. Because it was rare for the Saint Gaudens Gold coin to actually be used as tender, there are many still available for purchase in excellent condition. You can purchase them in the no motto or mottoed version and they're worth about the same amount of money. This means it may or may not have the "in God we trust" motto on it, the only piece of tender to be designed this way. However, the lack of motto does not affect the price or value. |
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