The 1927-D Saint Gaudens Gold $20 Double Eagle is a remarkable coin that captures the essence of American history and artistry. Minted during a time of economic prosperity in the United States, this coin is not only valuable but also beautifully designed. The “D” in its name indicates that it was minted in Denver, Colorado. This article explores the history, design, rarity, and value of the 1927-D Saint Gaudens Double Eagle, making it a fascinating topic for both coin collectors and history enthusiasts.
History of the 1927-D Saint Gaudens Gold $20 Double Eagle
The Saint Gaudens Double Eagle was first minted in 1907 and is named after its designer, Augustus Saint-Gaudens, a famous American sculptor. The coin was produced during a time when gold was widely used in trade and commerce. The 1927-D version was minted in Denver, making it one of the few Double Eagles produced there.
The 1920s was a period of significant economic growth in the U.S., often referred to as the “Roaring Twenties.” During this time, there was a demand for gold coins, and the government minted a substantial number of Double Eagles. However, the 1927-D is unique because of its lower mintage compared to other years, making it highly sought after by collectors today.
Design of the 1927-D Saint Gaudens Gold $20 Double Eagle
The design of the 1927-D Saint Gaudens Double Eagle is considered one of the most beautiful coin designs in American history. Let’s take a closer look at its features:
- Obverse (Front): The obverse features a stunning image of Lady Liberty standing confidently, holding a torch in one hand and an olive branch in the other. This symbolizes freedom and peace. The sun is rising behind her, creating a dramatic effect, and the word “LIBERTY” arches above her head.
- Reverse (Back): The reverse side displays a majestic bald eagle in flight. The eagle is surrounded by the words “UNITED STATES OF AMERICA” and “TWENTY DOLLARS.” The design signifies strength and the nation’s commitment to liberty.
- Metal Composition: The 1927-D Double Eagle is made of 90% gold and 10% copper, weighing approximately 33.44 grams. This composition gives the coin its rich golden color and durability.
Rarity and Value of the 1927-D Saint Gaudens Double Eagle
The 1927-D Saint Gaudens Double Eagle is considered rare and valuable for several reasons:
- Low Mintage: Only about 1.1 million pieces were minted, making it scarcer than many other coins from that era. As a result, the 1927-D Double Eagle is highly desirable among collectors.
- Historical Significance: This coin represents a time of prosperity and change in the United States. It reflects the artistic excellence of the early 20th century and the importance of gold in the American economy.
- High Auction Prices: The value of the 1927-D Double Eagle can vary significantly based on its condition. Well-preserved examples can sell for hundreds of thousands of dollars at auction, with some fetching prices over $1 million.
Why the 1927-D Double Eagle Matters
The 1927-D Saint Gaudens Gold $20 Double Eagle is more than just a coin; it’s a piece of American history that showcases both artistic talent and economic significance. For collectors, owning this coin is like having a small treasure that tells the story of the past. Its beauty and rarity make it a symbol of wealth and a valuable addition to any collection. As a historical artifact, the 1927-D Double Eagle continues to capture the interest of numismatists and history buffs alike.
Table: Quick Facts about the 1927-D Saint Gaudens Gold $20 Double Eagle
| Feature | Details |
|---|---|
| Year Minted | 1927 |
| Mint Location | Denver, Colorado (D Mint Mark) |
| Designer | Augustus Saint-Gaudens |
| Metal Content | 90% Gold, 10% Copper |
| Weight | 33.44 grams |
| Diameter | 34 mm |
| Mintage | Approximately 1.1 million |
| Known to Exist | Fewer than 200,000 |
| Record Sale Price | Over $1 million |
Conclusion
The 1927-D Saint Gaudens Gold $20 Double Eagle stands as a testament to America’s rich history and artistry. Its stunning design, combined with its low mintage and historical significance, makes it a coveted piece for collectors. Owning this coin is not just about its gold content; it’s about the story it tells and the era it represents. As the world of numismatics continues to grow, the 1927-D Double Eagle remains a shining example of why collecting coins can be a rewarding and educational pursuit. Whether you are a seasoned collector or a curious newcomer, learning about this coin can inspire a deeper appreciation for the history and craftsmanship that shaped America.
FAQ’s
1. Why is the 1927-D Saint Gaudens Gold $20 Double Eagle so valuable?
Its value comes from its low mintage, artistic design, and historical significance, making it rare among collectors.
2. How many 1927-D Double Eagles were minted?
About 1.1 million coins were minted, making it rarer than many other Double Eagles.
3. What is the metal composition of the 1927-D Double Eagle?
The coin is made of 90% gold and 10% copper, weighing approximately 33.44 grams.
4. Where was the 1927-D Saint Gaudens Double Eagle minted?
It was minted at the Denver Mint, indicated by the “D” mint mark.
5. How much can a 1927-D Double Eagle sell for?
Depending on its condition, it can sell for hundreds of thousands to over $1 million at auctions.