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$20 Saint-Gaudens Double Eagle Coins (1907-1933)

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The Story of Saint-Gaudens Double Eagle Gold Coins

From the recovery period following the Civil War to the Great Depression, between 1879 and 1933, the use of Gold as a medium of exchange and store of value was an integral part of the American experience. The Federal Reserve held 40% of the value of the nation's fiat currency in Gold. It allowed citizens to exchange paper currency for Gold. Americans were also free to store Gold in their own homes. 1933 brought radical changes. Private ownership of Gold bullion was made illegal. The U.S. Treasury soon received millions of Gold coins, including a large portion of Saint-Gaudens $20 Double Eagles produced between 1907 and 1932. Americans were not permitted to again own Gold bullion until December of 1974, when legislation signed by President Gerald Ford went into effect. However, ownership of 1933 Gold Double Eagles remained illegal, as the coins were never officially circulated. $20 Gold Double Eagles are an especially beautiful coin minted by the U.S. between 1907 and 1933. Their value is tied to the spot price of Gold, as well as their mintage, rarity and condition.

$20 Saint-Gaudens Double Eagle Mintage Figures:

Pre-1933 U.S. Gold Coins

For nearly 140 years, Gold coins were produced by the U.S. Mint for use in commerce alongside Silver and Copper coins. Many Gold bullion investors opt for Gold coins minted before 1933 because of their historical appeal, U.S. government guaranteed Gold content, low premiums, and clearly denominated face value. The $20 coins have .9675 oz, $10 have .4838 oz, and $5 have .2419 oz actual Gold weight, respectively. Coins with denominations of $1, $2.50, and $3 are also available. The Gold content of each coin is based on the value of Gold, which was set by law at $20.67 per troy ounce by the Coinage Act of 1849. The Gold Reserve Act of 1934 increased the price of Gold to $35 per troy ounce. At the time these coins were minted and circulated, the face value was equal to the value of Gold in each coin.

The Great Melt

In 1933, Franklin Roosevelt signed Executive Order 6102, severely limiting the amount of Gold that could be owned by the public, and requiring the vast majority of Gold coins in the U.S. to be delivered to the government in return for Federal Reserve notes, effectively removing Gold coins from circulation. Private ownership of more than a nominal amount of Gold bullion was not legalized again until 1975. Most Gold coins that were turned in were melted down and stored as Gold bars. This confiscation destroyed millions of coins, the exact numbers of which are not known.

Buy Pre-33 Gold Online from APMEX

If you need assistance in figuring out where to buy $20 Saint-Gaudens Double Eagle coins, or if you should have any issue placing an order for Pre-33 Gold on APMEX.com, we are eager to assist you. Our team of highly trained customer service associates can answer any questions on how to buy Gold, and can be reached by email or telephone, please call (800) 375-9006 or email service@APMEX.com. You can also sell Gold to APMEX by calling our Purchasing team at (800) 514-6318 to speak to one of our representatives or learn more about how to sell Gold to APMEX.

APMEX Customer Reviews

For 20 years, APMEX has provided customers with an easy shopping experience they can trust. We pride ourselves on transparency and consider every customer review to be valuable feedback. Please take a moment to read our reviews from valued customers on $20 Saint-Gaudens Double Eagle coins and more. We welcome and encourage feedback – each review allows us to improve your Precious Metals buying experience.

Why Buy Physical Gold and Silver from APMEX?

When you buy Precious Metals, you are investing in assets that transcend the volatile market. Bullion can play an essential role in a modern portfolio, as it hedges against the uncertainty investors typically find with other common investments, such as stocks and bonds. Gold and Silver can be a game changer for your investment strategy. Explore the benefits of buying Gold and Silver.

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