The 1924 Saint-Gaudens Double Eagle is one of the most iconic and highly sought-after gold coins in U.S. numismatics. As part of the legendary Saint-Gaudens series, this coin represents the pinnacle of American coin design and craftsmanship. Minted from 1907 to 1933, the Saint-Gaudens Double Eagle remains a staple in both the world of coin collecting and investing. The 1924 issue, in particular, stands out for its design, historical significance, and relatively high availability compared to other years, making it a key piece for any serious collector.
History and Background
The Saint-Gaudens Double Eagle was designed by famed sculptor Augustus Saint-Gaudens. His design was part of an effort to modernize U.S. coinage, and it remains one of the most revered coin designs in American history. The coin features Lady Liberty on the obverse, striding confidently forward, holding a torch and an olive branch. The reverse showcases a majestic eagle in flight, with the sun rising behind it.
Design Features
The 1924 Saint-Gaudens Double Eagle, like all coins in the series, was struck in 90% gold and 10% copper, with a total weight of 33.43 grams (1.075 ounces). The coin’s diameter is 34 mm, and its thickness is 2.41 mm. Here are the design details:
- Obverse: The design features Lady Liberty, draped in flowing robes, striding confidently forward. In her right hand, she holds a torch, and in her left, an olive branch. The word “LIBERTY” is inscribed above, and the year “1924” is positioned at the bottom.
- Reverse: The reverse features a soaring eagle in mid-flight, with rays of the rising sun behind it. The words “UNITED STATES OF AMERICA” are at the top, and “E PLURIBUS UNUM” is inscribed below the eagle. The coin’s face value, “TWENTY DOLLARS,” is prominently displayed at the bottom.
Rarity and Mintage
The 1924 Saint-Gaudens Double Eagle had a total mintage of $4,907,750, which is considered relatively high for the series. However, despite the high mintage, these coins are still prized due to their beauty and historical significance. Additionally, many of these coins were either melted down during the Great Depression as part of the gold recall, or were removed from circulation and stored in banks, making the available supply lower than the mintage figures suggest.
Value and Collectibility
The value of the 1924 Saint-Gaudens Double Eagle largely depends on its condition, as well as the overall demand for gold and collectible coins.
- Grade/Condition: In lower grades (such as MS60), the coin may fetch around $1,500 to $2,000. Higher-grade examples, particularly those in MS65 or better, can command $3,500 to $5,000 or more.
- Special Features: Coins with exceptional eye appeal or unique characteristics, such as attractive toning or flawless surfaces, can fetch even higher prices. A coin with a high grade and good provenance can be worth significantly more at auction.
Tips for Collectors
- Focus on High-Quality Coins: The value of Saint-Gaudens Double Eagles rises significantly with grade. Coins in higher MS grades are generally worth more.
- Check for Authenticity: Always buy from reputable dealers or auction houses that offer certified, authenticated coins. Third-party certification services like PCGS or NGC can help determine a coin’s authenticity and grade.
- Be Patient: While the 1924 Saint-Gaudens Double Eagle is readily available compared to other years in the series, it can still take time to find one in the right condition at the right price.
Conclusion
The 1924 Saint-Gaudens Double Eagle is not only a stunning example of American coinage but also an important piece of history. Whether you’re a collector focused on rare gold coins or an investor seeking to diversify with tangible assets, this coin offers both beauty and value. As part of the Saint-Gaudens series, it continues to be an essential part of any serious coin collection, with the potential for long-term appreciation.
FAQs
1. What is the value of a 1924 Saint-Gaudens Double Eagle?
The value of the 1924 Saint-Gaudens Double Eagle depends on its condition. Coins in lower grades may be worth around $1,500 to $2,000, while higher-grade examples can fetch $3,500 or more.
2. What makes the 1924 Saint-Gaudens Double Eagle unique?
The 1924 issue is known for its iconic design by Augustus Saint-Gaudens, featuring Lady Liberty on the obverse and a soaring eagle on the reverse. Its historical significance and design make it a prized coin among collectors.
3. How can I authenticate a 1924 Saint-Gaudens Double Eagle?
To ensure authenticity, buy from reputable dealers or auction houses. Consider using third-party certification services such as PCGS or NGC, which can verify the coin’s grade and authenticity.