Saint Gaudens $20 Gold Coin: MS 64

In the year 1907, the then US President Theodore Roosevelt commissioned the adornment of the American coinage to his friend Augustus Saint Gaudens. The new series of coins created was named after its designer. Saint Gaudens $20 coins are known for their high aesthetic appeal. They were recognized as the best design pieces. This series was issued from 1907 through 1933. For the numismatics and investors, there are two main sub categories for Saint Gaudens – one without the motto ‘In God We Trust’ and the other with the motto. The coins minted throughout 1907 and partially in 1908, did not contain the words. As they could not gain wide public acceptance, a law was passed in 1908, mandating the engraving of the motto.

The obverse portrays a prominent figure of Lady Liberty holding the symbols of freedom and peace in her hands. Her right, outstretched hand holds the torch of freedom. The left arm is stretched sideways. It holds an olive branch in the middle. The backdrop signifies the backing of the religious ‘glory.’ The reverse features a large bald eagle flying over the image of sun, positioned at the bottom. Along the circumference on the frontal side, 46 stars (1907-1911 releases) or 48 stars (1912-1933 releases) are engraved. The number of stars corresponded with the number of federal states in the US. Mexico and Arizona were included in the year 1912. Therefore, these variants also represent two different types of the coin for the collectors.

Among the most valued Double Eagles are the ones from the rare series. During the last four years, 1929-33, much fewer coins were released, rendering them much sought-after. The eye appeal often drives the grading, demand, and value of the coins. This explains why the MCMVII mint of 1907 enjoys a very active market and is an expensive variety. Ironically, such high appeal coins are most prone to bumps, marks, and defects, all of which contribute towards lowering their value.

Various St. Gaudens are easily available in the mint state, which implies such coins never went into circulation and are present in the original condition. The mint state (MS) Double Eagles are available in grades between 60 and 70, with 70 representing the finest grade and truly flawless. MS-64 is a popular and easily accessible version that signifies no wear & tear and original mint shine. However, it may contain some bag marks, hairline, or molding defects. Its luster is original, but may be marred by some visible spotting of mellowing red copper contents. It is possible for a coin with noticeable deficiencies to slide into the lower bracket, MS-63. Nevertheless, some compensating factors like extra shine may help retain its grade.