1920’s Store / Gold Coins

1920’s Gold Coins

1920's Gold Coins are among the most attractive and most valuable gold coins produced in modern times. Perhaps the best known example is the St Gaudens Double Eagle.

The St. Gaudens double eagle is named for the designer, Augustus St. Gaudens, one of the premier sculptors in American history. Theodore Roosevelt imposed upon him in his last few years to redesign the nation's coinage at the beginning of the 20th century. St. Gaudens' work on the high-relief $20 gold piece is considered to be one of the most extraordinary pieces of art on any American coin. The mint eventually insisted on a low-relief version, as the high-relief coin took up to eleven strikes to bring up the details and didn't stack correctly for banking purposes. Only 12,367 of these coins were struck in 1907. These coins easily top the $10,000 price in circulated grades, but can reach nearly a half million dollars in the best states of preservation.

There were several changes in the early years of this design. The first coins issued in 1907 design featured a date in Roman numerals, but this was changed later that year to the more convenient Arabic numerals. The motto "In God We Trust" was omitted from the initial design, as Roosevelt felt that it was inappropriate to put the name of God on money. By act of Congress, the motto was added in mid-1908.

Double eagles were routinely minted through 1933, although few of the very last years' coinages were released before the gold recall legislation of that year. Accordingly, these issues bring very high prices.

The eagle is a base-unit of denomination issued only for gold coinage by the United States Mint. It has been obsolete as a circulating denomination since 1933. The eagle was the largest of the four main decimal base-units of denomination used for circulating coinage in the United States prior to 1933, the year when gold was withdrawn from circulation. These four main base-units of denomination were the cent, the dime, the dollar, and the eagle, where a dime is 10 cents, a dollar is 10 dimes, and an eagle is 10 dollars. The eagle base-unit of denomination served as the basis of the gold quarter-eagle, the gold half-eagle, the eagle, and the double-eagle coins.

Original English gold sovereigns were 23 carat (96%) gold and weighed 240 grains or one-half of a troy ounce (15.6 grams). Henry VIII reduced the purity to 22 carats (92%), which eventually became and remains the gold coin standard (so-called crown gold) in both England and the U.S.; the weight of the sovereign was repeatedly lowered until when it was revived after the Great Recoinage[2] law of 1816, the gold content was fixed at the present 113 grains (7.322 g), equivalent to 0.2354 Troy ounces.

Sovereigns were produced in large quantities until World War I, at which time the UK came off the gold standard. From then until 1932, sovereigns were produced only at branch mints at Melbourne, Sydney, Perth, Bombay, Ottawa, and Pretoria (except for some in 1925 produced in London as part of Winston Churchill's ill-fated attempt to return the UK to the gold standard). The last regular issue was in 1932 (at Pretoria).

1920's Gold Coin Listings