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Promoted item:1899-S $20 DOLLAR LIBERTY DOUBLE EAGLE GOLD COIN NGC AU 58

1899-S $20 DOLLAR LIBERTY DOUBLE EAGLE GOLD COIN NGC AU 58

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Item location: Rockford, Illinois
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Item location: Rockford, Illinois
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Item location: Salt Lake City, Utah
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About $20 Gold Coin

The Saint-Gaudens Double Eagle $20 gold coin is perhaps the most unique collector's coin available today. In 1906, President Theodore Roosevelt commissioned a personal friend and famous sculptor, Augustus Saint-Gaudens, to create a gold coin reminiscent of those used in Ancient Greece. The product was the Saint-Gaudens Double Eagle.The Double Eagle was first struck by the U.S. Mint in 1907. Although minting was halted in 1933 during the peak of the Great Depression, there were a number of these coins that remained in circulation, and today, they are among the most highly sought-after collectible coins.The coin features an image of Miss Liberty on one side and a majestic flying eagle on the other. One trait that makes the coin especially unique is the omission of the motto 'In God We Trust.' The reason for this is because Roosevelt disagreed with the Congressional law that required this phrase on all legal tender. That the coin was relatively underused as currency was largely a function of its impracticality. Bankers complained that the coins wouldn't stack properly, and instead would wobble when placed in stacks of 20. The coin's design also posed problems during the manufacturing process. Each coin required five strikes from the press to raise the design. To remedy these design flaws, the coin was revised into a flat-relief version. At the same time, the motto 'In God We Trust' was added to the coin. These newer editions were struck from 1908 to 1933. Fewer than 12,000 of the original Double Eagle coins were released, making them a rarer find than the revised version released in 1908. Nevertheless, a Double Eagle coin from 1933 can also fetch a pretty penny.