- APMEX
- Gold
- U.S. Mint Gold Coins
- Pre-1933 U.S. Gold Coins
- $20 Saint-Gaudens Double Eagle Coins (1907-1933)
You could earn points ($) to invest in gold and silver when you make this purchase with The Bullion Card from APMEX
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Volume Discount Pricing QuickShip® Eligible | |||
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Quantity |
Check/Wire |
CC/PayPal |
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Any Quantity | $2,995.00 | $3,026.20 | $3,119.79 |
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- Product Details
- Specifications
- History
- Sell Gold to Us
This 1907 $20 Saint-Gaudens Gold Double Eagle has been certified as MS-63 by PCGS, one of the top two coin grading services. This highly collectible coin is a great addition to any numismatic collection.
Coin Highlights:
- This coin has a mintage of 361,667.
- Population of 5,312 coins at this grade level with 9,379 graded higher.
- PCGS encapsulation guarantees the coin’s MS-63 condition.
- Coins from the Philadelphia Mint do not feature a mint mark.
Showcase your certified $20 Saint-Gaudens Gold Double Eagle by adding a presentation box to your order.
Add this $20 Saint-Gaudens Gold Double Eagle graded MS-63 by PCGS to your cart today!
Product Specifications
- Product ID: 1559
- Year: 1907
- Grade: MS-63
- Grade Service: PCGS
- Denomination: 20 Dollars
- Mint Mark: P - Philadelphia (Not Shown)
- Metal Content: 0.9675 troy oz
- Purity: .900
- Thickness: 2.41 mm
- Diameter: 34 mm
In the early 1900s, President Theodore Roosevelt called for a renaissance in American coinage. Unhappy with the current designs on American coins, he called upon sculptor Augustus Saint-Gaudens to head the redesign of America’s coins. Out of this renaissance came the Saint-Gaudens Double Eagle Gold coin. One of the most sought after and beautiful coins ever produced by the United States Mint, this Double Eagle was minted from 1907 until 1933. The design was later reprised in 1986 when the mint issued the new Gold Eagle bullion coin.
In 1933, President Franklin Roosevelt issued Executive Order 6102 which forbade the “hoarding of Gold Coin, Gold bullion and Gold certificates within the continental United States.” As a result of this order, the possession of monetary Gold owned by any person, partnership or company was criminalized, Gold coins were pulled out of circulation and almost all Gold was exchanged for paper money. Exceptions were made for collector coins and jewelry. As the Great Depression ravaged the economy, it was believed that “hoarding” Gold stalled economic growth and worsened the economic state of the country. In order to combat this, it was ordered that all Gold be turned into the U.S. Mint to be melted down. The belief was that if Gold could not legally be owned, it could not be redeemed, therefore ending the constraints on the Federal Reserve. Thus, the United States abandoned the Gold standard.
The following year, President Roosevelt signed the Gold Reserve Act of 1934. This act required that all Gold (except for jewelry and collector’s coins) and Gold certificates held by the Federal Reserve be sold to the United States Treasury. The law also changed the nominal price of Gold from $20.67 per troy ounce to $35.00 per troy ounce. Because of this, foreign investors flocked to export their Gold holdings overseas to the United States and the dollar devalued to spark inflation. The increase in the money supply increased real interest rates and encouraged more investments in durable goods. After the Gold Reserve Act, inflation drastically decreased from -9.8 percent to 2.3 percent and has not dropped below -2.1 percent since.
Because of Executive Order 6102, Gold coins produced by the U.S. Mint prior to 1933 are extremely rare. The coins that remain today have withstood the test of time and survived a governmental expropriation of Gold. These coins are a beautiful testament to the art and history of the coins themselves and the United States as a whole.
Please call our Purchasing team at (800) 514-6318 to speak to one of our representatives or learn more about How to Sell Gold to APMEX.
5.0
2 Reviews
100% of reviewers recommend this product
Posted By:Afan
From:NC
Date:Nov 1, 2020
I was particularly interested in the historical importance of this coin and the relatively low mintage.
- Pros
- Collectible (lower mintage)
- Mint Condition
- Bottom Line
- Yes, I would recommend this to a friend.
Posted By:MP
From:FL
Date:Nov 26, 2016
good service & fast shipping a large selection of antique and contemporary PCGS & NCG GRADED COINS! I have shopped around & find them hard to beat.
- Pros
- Value (low premium over spot)
- Attractive Design
- Collectible (lower mintage)
- Easy to Sell
- Mint Condition
- Recognized Brand
- Bottom Line
- Yes, I would recommend this to a friend.
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We provide all of our customers with a refund, return and / or exchange on everything we sell including all bullion and certified coins. If for any reason, you have a problem, please feel free to call us. We will always do our best to accommodate you.