The 1928 Saint-Gaudens Double Eagle stands as a testament to America’s rich numismatic heritage. Designed by the renowned sculptor Augustus Saint-Gaudens, this $20 gold coin is celebrated for its exquisite artistry and historical significance.
While the 1928 issue is generally considered more common within the series, certain exceptional specimens have garnered significant attention in the collectors’ market, with some estimated to reach values as high as $850,000.
Historical Context
The Saint-Gaudens Double Eagle was minted from 1907 to 1933, representing a pinnacle of U.S. coin design. The 1928 issue, produced at the Philadelphia Mint, had a substantial mintage of 8,816,000 coins.
This was the largest production run for any single year in the series, making the 1928 Double Eagle relatively common compared to other dates. However, the economic turmoil of the Great Depression led to the melting of many gold coins, including numerous 1928 Double Eagles, reducing the number of surviving specimens.
Exceptional Specimens and Market Value
While many 1928 Double Eagles are available to collectors, those in superior condition, especially those graded MS-67 (Mint State 67) or higher, are exceedingly rare. An example of such a coin was featured in an auction listing, described as “sharply struck with full, smooth, billowy mint luster,” displaying “lovely color in warm golden-rose.”
Invaluable Coins of this caliber are highly sought after, with estimates reaching up to $850,000, reflecting their rarity and pristine condition.
Factors Influencing Value
Several factors contribute to the high valuation of certain 1928 Saint-Gaudens Double Eagles:
- Grade: Coins graded MS-67 or higher are rare and command premium prices.
- Luster and Eye Appeal: Coins with exceptional luster and attractive coloration are more desirable.
- Historical Significance: As one of the last gold coins minted for circulation before the U.S. left the gold standard, these coins hold significant historical value.
Key Details of the 1928 Saint-Gaudens Double Eagle
| Feature | Description |
|---|---|
| Designer | Augustus Saint-Gaudens |
| Denomination | $20 (Double Eagle) |
| Composition | 90% Gold, 10% Copper |
| Diameter | 34 mm |
| Weight | 33.436 grams |
| Mintage | 8,816,000 coins |
| Mint | Philadelphia |
| Notable Grade | MS-67 (Mint State 67) |
| Estimated Value | Up to $850,000 for exceptional specimens |
Collecting and Investing
For collectors and investors, acquiring a 1928 Saint-Gaudens Double Eagle in top condition represents both a tangible connection to America’s monetary history and a potentially valuable asset. Due to their historical significance and artistic beauty, these coins remain a cornerstone in numismatic collections.
FAQs
Why is the 1928 Saint-Gaudens Double Eagle significant?
The 1928 issue is notable for its large mintage and as one of the last gold coins minted for circulation before the U.S. abandoned the gold standard.
What factors determine the value of a 1928 Double Eagle?
The coin’s grade, luster, eye appeal, and historical significance are primary determinants of its value.
How can I verify the authenticity of a 1928 Double Eagle?
Consulting with reputable numismatic experts or submitting the coin to a recognized grading service can help verify authenticity.
Are all 1928 Double Eagles valued at $850,000?
No, only exceptional specimens in superior condition, such as those graded MS-67 or higher, may reach such high valuations.
Where can I purchase a 1928 Saint-Gaudens Double Eagle?
These coins can be acquired through reputable coin dealers, auction houses, and numismatic shows.
In conclusion, the 1928 Saint-Gaudens Double Eagle is a remarkable piece of American numismatic history. While many examples exist, those in exceptional condition are rare and highly valued, with some estimated at up to $850,000. For collectors and investors, these coins offer a unique blend of historical significance and artistic beauty.
