The 1921 Saint-Gaudens Double Eagle is one of the most sought-after gold coins in American numismatic history. Part of the illustrious Saint-Gaudens series, which debuted in 1907, this $20 coin remains a significant piece for collectors and investors. Known for its artistry and historical value, the 1921 Saint-Gaudens Double Eagle stands out for its intriguing rarity and connection to both American history and the world of coin collecting.
The Saint-Gaudens Series
The Saint-Gaudens Double Eagle was designed by Augustus Saint-Gaudens, one of America’s most respected sculptors, who was commissioned by President Theodore Roosevelt to redesign U.S. coinage. The coin’s elegant design features Lady Liberty walking forward with a torch and olive branch, symbolizing peace and freedom. The reverse shows a soaring eagle in flight, representing the United States’ strength and resolve.
Design Features of the 1921 Saint-Gaudens Double Eagle
The obverse of the 1921 Double Eagle shows Lady Liberty striding forward, holding a torch in her right hand and an olive branch in her left. Her face is serene yet confident, symbolizing the nation’s strength. The Capitol building can be seen in the background, flanked by 46 stars, representing the states of the Union at the time. The year “1921” is prominently displayed in Roman numerals (MCMXXI) just above Liberty.
Mintage and Rarity
The 1921 Saint-Gaudens Double Eagle is notable for its relatively low mintage compared to other issues in the series. Only 1,206,100 coins were produced at the Philadelphia Mint. This limited mintage makes it rarer than many other dates in the series, contributing to its desirability among collectors.
In terms of availability, the 1921 Saint-Gaudens is rarer than its more commonly produced counterparts, like the 1924 or 1927 issues. The scarcity of high-grade examples is another key factor that elevates the coin’s value, with coins in MS64 or higher commanding substantial premiums.
Value and Market Trends
The value of the 1921 Saint-Gaudens Double Eagle varies depending on its condition. Coins in lower grades, such as those with circulation wear, generally sell for around $2,000 to $3,000. Coins that are uncirculated, particularly those graded MS63 or higher, can reach values of $4,000 to $5,000. Superb examples with stunning luster and no signs of wear (graded MS65 or better) can sell for $6,000 or more.
The gold content of the coin is another factor that influences its value. As of today, the 1921 Saint-Gaudens Double Eagle contains 0.9675 troy ounces of gold. Given the fluctuations in the price of gold, the coin’s intrinsic value changes over time. However, collectors place a premium on the coin’s historical significance and rarity, which can often outweigh the spot price of gold.
Tips for Collectors
- Look for High Grades: If you’re looking to invest, focus on higher-grade coins, as these are more likely to appreciate in value over time.
- Check for Certification: Make sure your coin is certified by a reputable grading service, such as PCGS or NGC, to ensure its authenticity and condition.
- Beware of Counterfeits: Due to the coin’s popularity, counterfeits are prevalent. Always buy from trusted dealers or auction houses to avoid fakes.
Conclusion
The 1921 Saint-Gaudens Double Eagle is a timeless piece of American history and coinage. Its beautiful design, relatively low mintage, and the historical context in which it was minted make it a key collector’s item. Whether you’re an experienced numismatist or a newcomer to the hobby, this coin is a worthy addition to any collection.
FAQs
What makes the 1921 Saint-Gaudens Double Eagle so valuable?
The 1921 Saint-Gaudens Double Eagle is valuable due to its low mintage, beautiful design, and historical significance. High-grade examples are particularly sought after by collectors.
How can I tell if my 1921 Double Eagle is authentic?
To verify authenticity, ensure the coin is certified by a reputable grading service such as PCGS or NGC. These organizations provide authentication and grading for collectors.
What is the gold content of the 1921 Saint-Gaudens Double Eagle?
The 1921 Saint-Gaudens Double Eagle contains 0.9675 troy ounces of gold, making it a significant investment based on its gold content as well as its numismatic value.