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February 19, 2012 | Comments: 0 | Views: 147

The Saint Gaudens Double Eagle

An ultimate numismatic delight, the Saint Gaudens Double Eagle gold coin is a precious collectible. Now, why would you suddenly consider investing in Gold or even go for collecting Gold coins from a forgotten era (Gold coin currency is rarely used in regular use any more, and only a few have actually heard about the Saint Gaudens Double Eagle) must be the query in the uppermost vault of your mind, while you have started reading this article. Well, to clear the golden confusion by a certain degree, and to get a background check on why Gold is suddenly becoming more important than before, you ought to spend some time pondering about the current economic and social condition of the country, to get a fair idea about securing your future through gold purchase.

The significance of Saint Gaudens Double Eagle Gold coin is in the collectible value of the coin, a symbolic ownership that you are taking on Gold investment with style. On why gold investment is considered the next important thing after the oil based economy collapses, you are recommended to read further. Gold Bullions are sensibly precious place to start on with your Gold investment. If you are wondering about what a Gold Bullion, precisely a bullion is (everyone knows what is Gold), then for your kind information Bullions merely refer to stamped weight of a precious metal, here Gold. In this sense, and contrary to popular belief, not only the cuboidal golden bars that we see in old James Bond movies, but also Gold coins are Gold Bullions. Here, therefore, we are discussing about a specific type of Gold Bullion, The Saint Gaudens Double Eagle, whose present collectible value is more than the actual weight of Gold in it.

Saint Gaudens Double Eagle was an exquisite piece of coin art designed by the most renowned sculptors in the American History -Augustus Saint Gaudens. The creation of this coin was commissioned by the then President Theodore Roosevelt in 1907. The Gold Piece was worth $20 (as the coin of 0.9675 troy oz was worth $20 according to the then Gold Value) and was the most bizarre among that many art pieces. There was another Double Eagle, called the Liberty Double Eagle which was minted before the Saint Gaudens version. So much so was the intricacy of the design; that this exquisite piece of gold coin was hammered up to eleven times to fetch out the exact details. Some of the earlier versions carried "In God We Trust" adage, which was erased later, because President Roosevelt felt it was reprehensible to relate God with money. In 1908, nonetheless, the adage was re-added. Another distinguishing feature of this remarkable gold coin was that the former Double Eagles (1907) was the sole occurrence of Roman Ciphers being displayed on the American currency. The coin production continued till 1933 when President Roosevelt made it illegal.

On 2009, the US mint issued "Ultra High Relief Double Eagles" using the original design envisioned by the sculptor. In 2002, a 1933 double eagle was auctioned off for $7,590,020, thus creating a new record in antique coin auction.


CoinManHerb LLC was formed to help those looking for information on precious metals. I focus on Gold and Silver Bullion and Numismatic coins. My goal is to be your primary source when it comes to the precious metals market.

When you think of Gold and Silver...Think CoinManHerb!!

Source: EzineArticles
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