A $20 Gold Saint-Gaudens Double Eagle certified as NGC MS64 is a superb coin that represents one of the most beloved designs in U.S. numismatics.
Coin Description
- $20 Gold Saint-Gaudens Double Eagle: This iconic coin was designed by sculptor Augustus Saint-Gaudens and minted from 1907 to 1933.1 The obverse features a full-length figure of Liberty holding a torch and an olive branch, with the U.S. Capitol building and a rising sun in the background. The reverse showcases a majestic eagle in flight above a sun.2 The high-relief versions from 1907 are especially famous, while later issues have a lower relief more suitable for mass production.
- NGC: This stands for Numismatic Guaranty Corporation, one of the leading third-party coin grading services in the world.3 An NGC grade signifies that a coin’s authenticity has been verified and its condition has been professionally and objectively assessed.
- MS64: This is a “Mint State” grade, indicating that the coin is in uncirculated condition, with no wear from being in circulation.4 A grade of MS64 is considered “Choice Uncirculated.” It means the coin has a strong strike and good luster, but may have a few scattered contact marks or light hairlines. These marks, however, do not detract significantly from the coin’s overall appearance. This grade is often a popular choice for collectors and investors who want a high-quality example of the coin without the significant premium of a higher grade like MS65 or above.
Value
The value of an NGC MS64 $20 Gold Saint-Gaudens Double Eagle is a combination of its intrinsic gold content and its numismatic premium.
- Gold Content: The coin contains 0.9675 troy ounces of pure gold.5 Its value will always have a baseline tied to the current market price of gold.
- Numismatic Value: The value above its gold content is the numismatic premium, which is determined by the coin’s rarity, date, and overall condition. For a common-date Saint-Gaudens Double Eagle (many dates from the 1920s are very common), the value for an NGC MS64 coin typically ranges from $3,500 to $4,500, though this can fluctuate based on market conditions.
- Rarity: The specific date and mint mark are crucial. Some dates, particularly those with low mintages or those that were heavily melted down, are far more valuable. For example, the 1927-D is a major rarity in any grade.6 The high-relief issues from 1907 are also a different category entirely and are worth significantly more.
Key Factors Affecting Value
- Specific Date and Mint Mark: The year and mint mark on the coin will be the most important factor in determining its value. Common dates are more readily available, while rarer dates command a substantial premium.
- Eye Appeal: Even within the same grade, a coin with exceptional “eye appeal” — such as a sharp strike, vibrant luster, or minimal marks in a prominent area — can sell for a premium.
