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Overview
The Saint Gaudens gold coin is named for its designer, American sculptor Augustus Saint-Gaudens. Among coin collectors, it is often known as the “$20 Saint” or the “$20 St. Gaudens.”This $20 gold coin is the last-issued circulating U.S. gold coin and thought to be one of the most beautiful and rare.
Design
President Teddy Roosevelt engaged his friend and prominent American sculptor Augustus Saint-Gaudens, to design new $20 and $10 gold coins to improve the artistic quality of American coinage.The obverse (front) shows Lady Liberty holding a staff and olive branch, walking out of the sun. “LIBERTY” arcs above her, and stars representing the number of states (46, 1907-11; 48, 1912-33) hug the rim. This design was so popular that the United States Mint used the same design for the modern American Eagle coins. To the right of “LIBERTY” is the date, which was cut in Roman numerals, “MCMVII,” on some 1907 coins.The reverse of the $20 Saint Gaudens has a bald eagle flying across the sun. “UNITED STATES OF AMERICA” and “TWENTY DOLLARS” span coin’s top. “IN GOD WE TRUST” is beneath the eagle, except for some coins minted in 1907 and early 1908.The first $20 Saint Gaudens were controversial because they omitted “In God We Trust,” in contrast to other U.S. gold coins minted in this period. President Roosevelt felt the motto disrespectful to God as the coins could be used in such places as bars, brothels and gambling establishments. But Congress interpreted Roosevelt’s decision as an attack on religion and passed an act adding the motto in mid-1908.
Minting
The first $20 Saint Gaudens were a trial, never intended for circulation. Only 16-22 of these were minted. Each was relatively thick and struck in ultra-high relief, looking more like a medal than a coin. These experimental pieces had a much higher relief than later issues and connected directly to the edge without a border, resulting in a very sharp appearance. Only a few of these coins are available today. Later in 1907 through 1933, they were struck in flat relief.
Valuation
This is a premium coin, meaning the coin’s price includes a premium value determined by Augusta based on factors other than, and in addition to, the value of the precious metal the coin contains. Pricing factors relevant to the premium value assessed by Augusta may include, but are not limited to, speculative interest, collector and investor demand, available supply, industry promotions, perceived value, economic conditions, and other factors we deem relevant in our sole discretion. Other retailers may not recognize the premium value that Augusta recognizes for this premium coin and may only be willing to pay as little as the melt value for this coin (the value of the precious metal that the coin contains). If you sell this coin to a retailer that does not recognize the premium value assessed by Augusta at the time of sale, then such sale may result in significant losses. Augusta cannot guarantee that it will buyback any item it sells and cannot guarantee another retailer will purchase this premium coin. For up-to-date market pricing and availability, please contact us directly.
Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. In a worst case scenario, you might have to sell your precious metals at “melt value,” which is the value of the products determined solely by their intrinsic metal content, which could result in a significant loss. This purchase is speculative. Any opinions offered by Augusta are Augusta's opinions and not to be relied on by anyone for any purpose. Seek your own legal, tax, investment, and financial advice before opening an account with Augusta. Augusta’s content may contain errors, Augusta is not qualified to offer legal, tax, investment, or financial advice. You should not base any purchasing decisions on the content Augusta provides. All decisions regarding the purchase or sale of precious metals, including the decision of which precious metals to purchase or sell, are your decisions alone. Precious metals investment involves risk and is not suitable for all investors. You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to purchase Augusta products.
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