This coin is a masterful recreation of designer Augustus Saint-Gaudens original rendition of his $20 Gold Double Eagle (same diameter and double thickness of a $10 coin). The thick planchet allowed the design to be struck in much higher relief.
- Contains 1 oz of .999 fine Gold.
- Struck on a 4 mm thick planchet in Ultra High Relief.
- PCGS encapsulation of Mint State-70 First Strike authenticates and protects the condition of the coin.
- Obverse: Shows Lady Liberty striding in front of the sun's rays with a fiery torch in her right hand and an olive branch in her left
- Reverse: Features a majestic bald eagle in flight with "United States of America" and "Twenty Dollars" above and "In God We Trust" below.
- Minted at the West Point facility in New York.
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The original design itself was first shown to President Theodore Roosevelt in December 1906. At the time, Roosevelt ordered the mint to produce experimental examples exactly following the artist’s models. Mint engraver Charles Barber took his job seriously, and although he and Saint-Gaudens despised one another personally, Barber had considerable respect for the sculptor’s artistic talent and reputation. To a remarkable extent, this was accomplished by Barber during the first week of January 1907, with considerable assistance from Henri Weil. The two not only prepared hubs for a normal 32-millimeter diameter Double Eagle, but another set for the 27-millimeter specimen, the size of the current $10 Gold Eagle.
Experimental pieces in both diameters were intended to determine how many blows it took to fully express Saint-Gaudens’ high relief design. Everyone, including Saint-Gaudens, knew that a coin with such high relief could not be struck with one blow from a normal press, but no one knew how many it would take. Barber hoped that the small-diameter pieces would allow more of the force from the press to concentrate and result in fully struck coins with fewer blows. During the second week of February, small-diameter pieces were struck, although we do not know how many blows it took. Each coin was 27 millimeters in diameter but contained the same Gold as a $20 coin. The result was a small, very thick coin with a decided “lump-like” feel. As was common, mint Director George Roberts took a couple of specimens of normal and small diameter experimental pieces back to Washington. He gave one pair to mint Auditor (and former Director) Robert Preston, and kept one pair for himself after showing the pieces to the president.
About a year later, new mint Director Frank Leach learned about the EHR experimental small-diameter pieces from mint collection curator T. Louis Comparette. The curator, who had no expertise in experimental coinage or law, convinced Leach that the small-diameter $20 pieces were illegal. This information led Leach to demand the return and destruction of all fifteen pieces. The last one to be returned was reluctantly surrendered by Charles Barber! (Barber had eight EHR Double Eagles in his personal collection when he died). With all 15 accounted for, Leach permitted two examples to be kept for the mint collection; the rest were melted.
Coins minted from 1986 through 1991 are dated with Roman numerals whereas every 1 oz Gold American Eagle minted after 1992 is branded with Arabic numerals. These Gold bullion coins are available in multiple sizes including 1/10 troy oz, 1/4 troy oz, 1/2 troy oz and 1 troy oz. Each piece is identical in design save the markings on the reverse side of the coin that indicate its weight and face value.
In 1933, because of the Great Depression, the United States government made it illegal for citizens to hold monetary Gold. Citizens were required to sell their Gold certificates, coins, and bullion to the U.S. Treasury save a few exceptions including jewelry and numismatic coins. In 1975, private ownership of Gold was again made legal and in 1986, American mints began to make bullion coins. Pursuant to the Gold Bullion Coin Act of 1985, these coins are made exclusively from American Gold.
The coin is minted at the West Point Mint in New York. The mint deals in large amounts of Precious Metals and is responsible for striking all proof and uncirculated American Eagles in Gold, Silver, and Platinum as well as all Gold commemorative coins.