The 1924-D Saint-Gaudens Double Eagle is a highly coveted coin that stands as a testament to both artistry and historical significance. Part of the Saint-Gaudens $20 gold coin series, this coin is one of the rarer issues, making it a prized possession for collectors and numismatists alike. Its story, design, and rarity combine to make it an iconic piece of U.S. coinage history.
Historical Context
The Saint-Gaudens Double Eagle, named after its designer Augustus Saint-Gaudens, is widely considered one of the most beautiful coins ever minted by the United States. Introduced in 1907 under President Theodore Roosevelt’s drive to elevate the artistry of American coinage, the Double Eagle series replaced the earlier Liberty Head $20 gold coin design. It features an intricate depiction of Lady Liberty and embodies Roosevelt’s vision of classical beauty in American coinage.
The 1924-D issue was struck at the Denver Mint and remains one of the most elusive coins in the series. Although the mint records indicate a mintage of 3,049,500 coins, most were later melted following the Gold Recall Act of 1933, which sought to remove gold coins from circulation during the Great Depression. Only a small number of the 1924-D Double Eagles survived, making it a rare find today.
Design and Specifications
The obverse of the 1924-D Saint-Gaudens Double Eagle features Lady Liberty striding forward confidently, holding a torch in one hand and an olive branch in the other. She is surrounded by radiant rays of the sun, symbolizing enlightenment and progress. The U.S. Capitol building is faintly visible at the bottom left, and the year “1924” is inscribed prominently near Liberty’s feet.
The coin is composed of 90% gold and 10% copper, with a total weight of 33.436 grams and a diameter of 34 millimeters. Its gold content is 0.9675 troy ounces, making it both a stunning collector’s item and a piece with significant intrinsic value.
Rarity and Value
The 1924-D Saint-Gaudens Double Eagle is a rarity among Double Eagles due to its low survival rate. Most surviving examples are in circulated condition, with higher-grade specimens being extremely rare. Coins in XF (Extremely Fine) condition may be valued at $5,000 to $10,000, while uncirculated coins (MS60 or higher) can exceed $20,000. Those in top mint-state grades (MS64 or above) may command prices upwards of $50,000, depending on market demand.
Collecting Tips
For collectors, the 1924-D is a dream acquisition. To ensure authenticity, it is crucial to purchase this coin from a reputable dealer or auction house. Certification from professional grading services like PCGS or NGC is essential, as counterfeit or altered coins are a known issue for rare gold pieces.
Preservation is also key. Saint-Gaudens coins are prone to scratches due to their high-relief design. Store the coin in a protective holder and avoid handling it directly to maintain its condition and value.
Conclusion
The 1924-D Saint-Gaudens Double Eagle is more than just a coin—it’s a piece of history and art combined. With its rarity, stunning design, and historical significance, it is a cornerstone of any advanced numismatic collection. Whether you’re drawn to its beauty, its value, or its connection to America’s past, the 1924-D Double Eagle is truly a treasure worth pursuing.
FAQs
1. Why is the 1924-D Saint-Gaudens Double Eagle considered rare?
The 1924-D is considered rare because, after its initial mintage of over 3 million coins, many were melted down during the Gold Recall Act of 1933. This greatly reduced its survival rate, leaving only a small number of these coins in circulation today.
2. How much is a 1924-D Saint-Gaudens Double Eagle worth?
The value of a 1924-D Saint-Gaudens Double Eagle varies based on its condition. In circulated grades, it can range from $5,000 to $10,000.
3. How can I ensure my 1924-D Saint-Gaudens Double Eagle is authentic?
To ensure authenticity, purchase the coin from reputable dealers or auction houses. It’s also a good idea to have the coin graded by trusted professional services like PCGS or NGC, which verify its authenticity and grade.