1908 No Motto Gold DoubleEagle $20 Twenty Dollar Liberty One Ounce 90% Gold, Uncirculated!!
Nice coin with lots of original mint luster! Grades in Lower Mint Statejust above AU inour opinion.
"No Motto" a design type only issued during 1907-1908!Weight:33.436 grams
Purity: 90% Gold, 10% Copper
Ounces: 0.96750 oz Pure Gold!
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- Superior Service & Superior eagleFrom Wikipedia, the free encyclopediaFor other uses, seeDouble eagle (disambiguation).For the device in heraldry, seeDouble-headed eagle.The 1875-CC Liberty Head designThe 1924 double eagle, Saint Gaudens' design
Adouble eagleis agold coinof theUnited Stateswith a denomination of $20. (Its gold content of 0.9675troyoz was worth $20 at the then official price of $20.67/oz). The coins are made from a 90% gold (0.900 fine = 21.6 kt) and 10% copper alloy.
Although the "eagle"-based nomenclature for gold U.S. coinage is often assumed to be a nickname, the "eagle," "half-eagle" and "quarter-eagle" were specifically given these names in theAct of Congressthat originally authorized them ("An Act establishing a Mint, and regulating Coins of the United States", section 9, April 2, 1792). Likewise, the double eagle was specifically created as such by name ("An Act to authorize the Coinage of Gold Dollars and Double Eagles", title and section 1, March 3, 1849).
The first double eagle was minted in 1849, coinciding with theCalifornia Gold Rush. In that year, the mint produced two pieces inproof. The first resides in theSmithsonian InstitutioninWashington DC. The second was presented to then Treasury SecretaryWilliam M. Meredithand was later sold as part of his estate - the present location of this coin remains unknown.
In 1850 regular production began and continued until 1933 (when the official price of gold was changed to $35/oz by theGold Reserve Act). Prior to 1850, eagles with a denomination of $10 were the largest denomination of US coin. $10 eagles were produced beginning in 1795, just two years after the firstU.S. mintopened. Since the $20 gold piece had twice the value of the eagle, these coins were designated "double eagles". In 1850, the double eagle had the purchasing power of $600 today.The purchasing power in 1933, the last year double eagles were minted, would be equal to $354.7 style="line-height: 1.5em; list-style-type: none; margin: 0.3em 0px; padding: 0px; list-style-image: none;">
- 1Regular issue
- 1.1Liberty Head
- 1.2Saint Gaudens
- 21933 double eagle
- 3See also
- 5External links
Regular issue double eagles come in two major types and six minor varieties as follows:
Liberty Head (Coronet) 1849–1907
Liberty Head, no motto, value "Twenty D." 1849–1866
- Liberty Head, with motto, value "Twenty D." 1866–1876
- Liberty Head, with motto, value "Twenty Dollars" 1877–1907
- Saint Gaudens 1907–1933
Saint Gaudens, High Relief, Roman Numerals, no motto 1907
- Saint Gaudens, Low Relief, Arabic Numerals, no motto 1907–1908
- Saint Gaudens, Low Relief, Arabic Numerals, with motto 1908–1933
Due to the less desirable artwork and therefore lower demand, Liberty Coronet $20 gold pieces are less often encountered, and the common subtype commands less than the St. Gaudens' type. In 1866, the motto "In God We Trust" was added to the Liberty Coronet double eagle creating a second subtype. In 1877, the coin's denomination design on the reverse was changed from "Twenty D" to "Twenty Dollars" creating a third and final subtype for the series. An 1879 pattern coin was made for the quintuplestellausing a design combining features of the Liberty head double eagle and stella pattern coin and using the same alloy as the stella (90 parts gold, 3 parts silver, and 7 parts copper). However this coin was suddenly stolen in July 2008 by two thieves. The robbery was planned a year after the coin was sold. The criminals have still not been caught and the locations of these men are unknown.
Saint GaudensMain article:St. Gaudens double eagle
TheSaint-Gaudens double eagleis named for the designer,Augustus Saint-Gaudens, one of the premier sculptors in American history.Theodore Rooseveltimposed upon him in his last few years to redesign the nation's coinage at the beginning of the 20th century. St. Gaudens' work on the high-relief $20 gold piece is considered to be one of the most extraordinary pieces of art on any American coin. The mint eventually insisted on a low-relief version, as the high-relief coin took up to eleven strikes to bring up the details and didn't stack correctly for banking purposes. Only 12,367 of these coins were struck in 1907. These coins easily top the $10,000 price in circulated grades, but can reach nearly a half million dollars in the best states of preservation.
There were several changes in the early years of this design. The first coins issued in 1907 design featured a date in Roman numerals, but this was changed later that year to the more convenient Arabic numerals. The motto "In God We Trust" was omitted from the initial design, as Roosevelt felt that putting the name of God on money that could be used for immoral purposes was inappropriate. By act of Congress, the motto was added in mid-1908.
The design of the Saint-Gaudens coin was slightly changed once more whenNew states in 1912, and the number of stars along the rim was accordingly increased from 46 to 48.
Double eagles were routinely minted through 1933, although few of the very last years' coinages were released before the gold recall legislation of that year. Accordingly, these issues (when the U.S. Treasury permits individuals to own them) bring very high prices.
The Saint-Gaudens obverse design was reused in theAmerican Eagle gold bullion coinsthat were instituted in 1986. The early 1907 double eagles and the 1986-1991 gold American Eagles are the only instances of Roman numerals denoting the date on American coinage.
On January 22, 2009 the U.S. Mint releasedultra high relief double eaglesusing the deep design that Saint-Gaudens envisioned. It is one ounce of .9999 fine gold. Because of their higher gold content, and greater striking pressure, the coins were 27mm wide and 4mm deep (the same diameter as a gold eagle), rather than the 34 by 2 usual for double eagles and bullion coins. The initial selling price was $1239. With the rising price of gold by June it had climbed to $1339, and by December to $1489. There was no limit on the coinage of these one time uncirculated issues, which bear the date "MMIX".In September the one coin per person ordering restriction was removed. The final mintage was 115,178.
1933 double eagleMain article:1933 double eagle
In 1933 PresidentFranklin D. Rooseveltstopped the coinage of gold and made it illegal to own the metal (although coin collectors could retain their pieces). With one exception, no 1933 double eagles were ever legally released, although some were stolen from the government, and over the years several were recovered.
In the summer of 2002, a1933 double eaglewas saleed off for $7,590,020US, which shattered the old record of $4,140,000 paid at a public sale for an 1804 silver dollar. This piece is unique as the only 1933 double eagle theU.S. governmenthas deemed legal for its citizens to own (having been negotiated as such through terms of a U.S. treaty with a foreign government). Even illegal instances of the 1933 double eagle would be worth hundreds of thousands of dollars, but it would be illegal for a U.S. coin dealer to broker a deal with one of these coins. There is no other date of St. Gaudens double eagle that is worth a significant fraction of this extraordinary coin. In fact, a complete uncirculated set of all other St. Gaudens double eagles could be put together for just over three million dollars (less than half the price paid for the 1933), including the extremely rare, ultra-high relief, proof pattern. Without the rare pattern, the set would be less than $750,000.
In August 2005, theUnited States Mintrecovered ten 1933 double eagle coins from a private collector who had contacted the United States Mint to ascertain their authenticity. Joan S. Langbord has claimed that she inherited the coins from her father, a suspect in the alleged original theft, but is now planning a federal suit to recover the coins after her hopes of receiving monetary compensation from the federal government were not realized. As of August 2005, the Mint has announced that it would consider saving the coins for display, though as of December 2007, no formal statement has since been made.In September 2009 a federal judge finally ruled that the government had until the end of the month to return the confiscated coins to the family, or to prove that they had indeed been stolen.On 20 July 2011, a civil-court jury awarded ownership of the ten coins to the U. S Government on grounds that the coins were stolen from the mint.