$20 Saint Gaudens Gold Coin (BU)
Government for regular issue purposes and, therefore, holds value among collectors and investors alike. Gold coins, it is exempt from broker reporting regulations to the IRS owing to its'collectible' status. The remarkable sculptor Augustus Saint-Gaudens was summoned by his friend President Theodore Roosevelt in 1904 to redesign the coinage design and give it an ancient Greek touch because it was where the foundation of'democracy' originated. Of the many designs, the'High Relief' was selected for the new double eagle coins. The Obverse featured Miss Liberty soaring toward a promising future, and the Reverse had the quintessential flying eagle in its glorious beauty.
Purity: -Contains 0.9675 troy oz struck from 0.900 pure gold. Obverse Design: Lady Liberty soaring towards a promising future.
ReverseDesign: - The quintessential American bald eagle flying through the sky. Designer: Designed by the sculptor Augustus Saint-Gaudens. Dimension: Diameter: 34 mm, with a thickness of 2.41mm. Condition: Available in Brilliant Uncirculated B.
Packaging: Each coin arrives in plastic flips, from ten to twenty in tubes. A unique and interesting fact about this coin is that in 1866, Congress passed a law requiring every coin to have the motto'IN GOD WE TRUST' (those big enough to accommodate it). Roosevelt believed this would be sacrilegious, as coins could be used for immoral activities such as gambling and other activities.
Therefore, he ordered the motto to be eliminated from the Saint-Gaudens Double Eagle. This was passed in 1907, and some coins without mottos were stuck in 1908. However, in 1908, Congress overruled this order and insisted on having the motto as per law.It stirred political chaos and gave Roosevelt the reputation of being an atheist for his omission of the motto. Post-1908, the coin's production with the motto continued and lasted until 1933. However, it must be noted that from 1917 to 1919, production was interrupted due to World War I. 1933: The year gold possession was outlawed. During the Great Depression of 1933, it was against the law for U.
Citizens to have private ownership of gold. The production was brought to an end, and coins were recalled. However, it is believed that some coins went missing from guarded mint bags and are in circulation. While these coins are generally worth a fortune, the 1933 ones still remain outlawed and can be subject to confiscation.
Affiliations with Mints & Trusted Entities.