St Gaudens Gold Coin
St Gaudens Gold coins where minted form 1907-1933, and are one of the most sought after gold coins by coin collectors and investors. The St Gaudens was the last gold coin to be minted by the US government as official currency. Due to the great depression and the recall on gold most of these gold coins where melted down making them a rare gold coin.
In late 1905, President Theodore Roosevelt expressed his thoughts that American coins were ugly. The Saint Gaudens were officially name after the American sculptor Augustus Saint Gaudens, who was commissioned by President Teddy Roosevelt to redesign this historic treasure. These gold coins where part of the US currency design change from the Liberty gold coins to the $2.50, $5 and $10 Indian Head gold coin, and the $10 Eagle and the $20 Double Eagle. The St Gaudens also hold title as the most expensive coin in the world with a 1933 St Gaudens selling for $7.5 million dollars.
Saint-Gaudens not only produced the venerable coin that is known as the St. Gaudens, but also the beautiful Indian Head design. This superseded the Liberty-head design on $10, $5, and $2.50 gold coins. Indian Head coins and St. Gaudens were minted until gold was called in by President Franklin Roosevelt in 1933.
Investing in St Gaudens Double Eagles
Saint Gaudens gold coins are considered to be good investments when they sell at spot or at small premiums over spot. At times, $20 Liberty has traded at spot and at other times they have carried big premiums. Nonetheless, investors should be aware that Saint Gaudens premiums could shrink as the price of gold climbs higher.
This gold coin has been considered by many to be one of the most beautiful coins ever created. Augustus St. Gaudens, one of America’s great sculptors, was commissioned by President Theodore Roosevelt to create and design the highest denomination gold coin of the time.
This gold coin the Twenty Dollar gold piece, also known as the Double Eagle, is placed in the portfolios of investors worldwide for privacy and the guarantee that the United States government cannot go back and make any more of these coins.
Investors know that, with a limited mintage, the value of these gold coins can rise faster than the gold price itself. In fact, a $20 Dollar gold piece dated 1933 was valued at the world record price of $7,590,000 in July of 2002.