The 1927-D Saint-Gaudens Double Eagle is one of the most sought-after gold coins in American numismatics. Struck during the Roaring Twenties, this iconic coin stands out not only for its beauty but also for its rarity and historical significance. As part of the series designed by Augustus Saint-Gaudens, the 1927-D Double Eagle remains a prized piece for collectors and investors alike. Here’s everything you need to know about this coin, from its design and history to its value today.
Design and Features
The Saint-Gaudens Double Eagle was initially designed by Augustus Saint-Gaudens in 1907 at the request of President Theodore Roosevelt. The coin features an elegant and artistic design that reflects the classical ideals of liberty and freedom.
Obverse Design
The obverse of the 1927-D Double Eagle features Lady Liberty in full stride, holding a torch in one hand and an olive branch in the other. The image of Lady Liberty is framed by 46 stars, representing the number of states in the Union at the time. The iconic “LIBERTY” inscription appears above her head, and the word “E PLURIBUS UNUM” is inscribed across the lower rim.
Reverse Design
The reverse of the coin shows a powerful American bald eagle in flight, soaring above the sun. The coin’s reverse features the inscription “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and the denomination “TWENTY DOLLARS.” The eagle symbolizes strength and freedom, adding to the coin’s enduring appeal.
Minting and Mintage of the 1927-D Double Eagle
The 1927-D Double Eagle was minted at the Denver Mint, and its mintage was relatively small compared to other coins in the Saint-Gaudens series. Only 180,000 coins were produced in 1927, making it one of the rarer dates in the series. The 1927-D variety is particularly desirable because of its limited supply and its distinct “D” mintmark, indicating it was minted in Denver.
Value and Collectibility
The value of the 1927-D Saint-Gaudens Double Eagle can vary greatly depending on its condition, or grade, as well as the current state of the precious metals market. A coin’s grade is determined by factors like the sharpness of the details, the quality of its strike, and any signs of wear or damage.
- Mint State (MS-60 to MS-70): High-grade coins that are in near-perfect condition can fetch prices well above $25,000 or more. MS-65 coins, which are considered to be in excellent condition, can sell for upwards of $30,000 to $40,000 or higher at auction.
- Lower Grades: Coins in lower grades, such as AU (About Uncirculated) or XF (Extremely Fine), can still command substantial value, ranging from $2,500 to $10,000, depending on their specific condition and demand at the time of sale.
Why is the 1927-D Saint-Gaudens Double Eagle So Popular?
The 1927-D Saint-Gaudens Double Eagle is highly valued for several reasons:
- Limited Mintage: With only 180,000 coins minted, the 1927-D Double Eagle is a rare find for collectors.
- Historical Significance: The coin was minted during a time of economic prosperity and political change in the United States, which adds to its allure.
- Beautiful Design: The Saint-Gaudens design is widely regarded as one of the most beautiful coin designs ever created by the U.S. Mint, making it a favorite among collectors.
- Gold Content: The coin contains nearly an ounce of gold, making it an attractive investment for precious metals buyers.
Conclusion
The 1927-D Saint-Gaudens Double Eagle remains one of the most coveted gold coins among collectors and investors alike. Its historical significance, beautiful design, and relative rarity make it a valuable addition to any collection. Whether you are a seasoned numismatist or a new collector looking for a high-quality piece to invest in, the 1927-D Saint-Gaudens Double Eagle is a coin that will continue to shine in the world of rare coins.
FAQs
How much is the 1927-D Saint-Gaudens Double Eagle worth?
The value varies depending on the coin’s condition, but it typically ranges from $2,500 to over $30,000.
What is the significance of the “D” mintmark on the 1927-D Double Eagle?
The “D” mintmark indicates that the coin was minted at the Denver Mint, making it a distinct variety of the Saint-Gaudens Double Eagle series.
Why is the 1927-D Saint-Gaudens Double Eagle considered rare?
The coin has a limited mintage of only 180,000 coins and was later hoarded or melted down, resulting in fewer surviving examples.