When investing in physical gold bullion, there are many product choices available to investors. These products include gold coins, bars and rounds of various weights. Gold bullion products are produced by many mints, including government mints such as the U.S. Mint and private mints as well.
One example of a fine gold coin produced by the U.S. Mint is the $20 Saint-Gaudens double eagle. These double eagles are highly regarded and are a favorite among both collectors and investors alike. If you are looking to invest in gold coins, this beautiful gold coin is likely at the top of your list.
In 1904, President Theodore Roosevelt was looking to beautify American coinage and he felt Augustus Saint-Gaudens was the right man for the job. Saint-Gaudens accepted Roosevelt’s request and began work on the new design. The new coin encountered many delays, however, as the high relief design proved challenging. In addition, the declining health of Saint-Gaudens also caused delays in production. Before his death in 1907, Saint-Gaudens did complete his designs for both the eagle and double eagle. Eventually, due to difficulties in striking the high relief design, some modifications were made lowering the relief so the coin could be struck with a single blow.
The $20 Saint-Gaudens double eagle was minted from 1907-1933. A 1933 $20 Saint-Gaudens double eagle is reportedly the most valuable of U.S. coins. This coin was sold in 2002 for over $7.5 million.
The $20 Saint-Gaudens gold double eagle was designed by Augustus Saint-Gaudens, an American sculptor. The coin is named after its designer and is widely considered to be the most beautiful of U.S. coins.
The coin’s obverse features Lady Liberty holding a torch and olive branch with the rays of the sun in the background. In addition, the U.S. Capitol is seen in the background as well. Stars circle the coin’s outer rim. The obverse also features the inscriptions “LIBERTY” and the mint year.
The coin’s reverse features the heraldic eagle in flight with rays from the sun set in the background. The reverse also features the inscriptions “UNITED STATES OF AMERICA” and “TWENTY DOLLARS.”
Overall, this gold coin features an elegantly detailed design that is simple and symbolic in nature. Nothing says “America” quite like Lady Liberty and the mighty bald eagle.
The $20 Saint-Gaudens gold double eagle contains .96750 troy ounce of 90 percent fine gold.
Why Invest in $20 Saint-Gaudens Double Eagles?
The $20 Saint-Gaudens gold double eagle is highly sought after by both collectors and investors for several reasons.
Aesthetics: These gold coins are simply beautiful and their design is considered to be one of the finest ever. The coin’s design has a storied history and is highly symbolic.
Rarity: These gold coins have collectible value because they have not been produced in almost a century. Later editions can be particularly rare.
Gold content: The gold double eagle contains .96750 troy ounce of 90 percent fine gold.
IRA eligible: The $20 Saint-Gaudens gold double eagle is eligible for inclusion in your IRA account.
The bottom line: If you are looking for a visually appealing gold coin that is rich in both history and symbolism, look no further. The beautiful design of the gold double eagle, its gold content and its collectible value all make this gold coin a very solid choice for any collection or precious metals portfolio. Purchasing the $20 Saint-Gaudens gold double eagle in your IRA is a simple and convenient way to save for and protect your financial future. Call an Advantage Gold account executive today at 1-800-341-8584 for any questions about these gold coins or for more information about setting up or adding to a precious metals IRA account.