The 1909 Saint-Gaudens $20 Gold Coins are gold coins that are beloved among both collectors and investors alike. These Gold Coins, with a $20 face value, were worth the equivalent of hundreds of dollars in today’s money.
St. Gaudens $20 Gold Coins are no longer an integral aspect of American currency, but for many years they were. Gold Coins first introduced back in the 1800’s and were almost immediately a hit amongst people who did business in larger dollar amounts. Keep in mind, that back in the 19th century, a single Dollar was a lot of money. St. Gaudens $20 Gold Coins were not introduced until the early 20th century, but they were an instant success.
Though these coins have since been taken off the production lines, they remain extremely popular amongst collectors from both the US and abroad.
For collectors, the prospect of purchasing a coin from the early 1900’s is a daunting one simply because it is impossible to tell what condition the coin might be in. While some pieces have been well-preserved over the years, others have been heavily circulated and have incurred a lot of damage as a result. This is why collectors will always closely analyze a coin’s condition prior to making a purchase.
Normally, the process of analyzing the condition of a coin is something best left to the professionals. Understanding that sending a coin away for grading is an expensive, timely process, we have provided below an outline of the different popular coins grades as well as their characteristics.
Uncirculated: Uncirculated coins are those lucky few that never spent any time on the open exchange market changing hands. These coins have been kept in excellent condition throughout their lifetime and appear as though they were just minted. For collectors, Uncirculated coins are the best of the best and are the preferred addition to any collection.
Extremely Fine: If a coin is receiving of an Extremely Fine grade, this means that the coin was only circulated for a short period of time. As a result, these pieces have almost no signs of wear and tear except for that which you can see under close inspection. For collectors, some prefer these over Uncirculated coins because they are less expensive yet still look great.
Fine: A coin that is deserving of a Fine grade is one that was circulated for a decent bit of time, but has not incurred the types of damage that are typical of heavily circulated coins. These coins will show signs of wear and tear ranging from scratching and chipping, to the general wearing down of the coin’s texture thanks to the changing of hands.
Good: Good is the lowest grade a coin can receive and is one that is indicative of a coin that has been extremely heavily circulated. These coins will show ample signs of damage, and in most cases the damage is such that the overall condition of the coin is poor. Collectors will never scoff at these pieces, but it is understood that there are better-preserved pieces out there.
When it comes to determining a price for the St. Gaudens $20 Gold Coin, there are a few factors you must take into consideration. For one, there were multiple types of these coins minted almost every year so the exact type of coin you own will play into the asking price. Secondly, the condition of the coin plays into the asking price in that better-preserved coins will carry a higher price tag than coins in poor condition. Below is a chart aimed at giving you a better idea of what you can expect to pay for an 1909 St. Gaudens $20 Gold Coin given its condition and type.
St. Gaudens $20 Gold Coin
|1909 St. Gaudens $20 Gold Coin||N/A||N/A||$1,475||$1,485|
|1909 St. Gaudens $20 Gold Coin (D)||N/A||N/A||$1,850||$1,900|
|1909 St. Gaudens $20 Gold Coin (S)||N/A||$65||$1,475||$1,485||Source: Red Book|