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    1923 St. Gaudens $20 Gold Coin

    The St. Gaudens $20 Gold Coin was first minted in 1907 and was designed by Augustus Saint-Gaudens, who was a famous sculptor that President Theodore Roosevelt appointed to redesign the $20 gold coin. The St. Gaudens $20 Gold Coin, with its majestic depiction of Lady Liberty on the obverse and a flying eagle on the reverse, is commonly considered the most beautiful U.S. coin ever produced.

    Nowadays, though these coins are no longer being produced, they are extremely popular in the eyes of the collectors. The reason for this is due to the fact fewer and fewer of these coins are on the market with each passing year.

    Grading the 1923 St. Gaudens $20 Gold Coin

    For coins that are nearly 100 years old, it goes without saying that the condition the coin is in is often left up in the air, meaning no two 1923 St. Gaudens $20 Gold Coins will be in the same exact condition. Having been circulated quite extensively more often than not, these coins are always having their condition called into question.

    For most collectors, the surefire way to have the condition of a coin judged is to send that coin away for grading at the hands of a professional company. Understanding that this is not always an option for everyone, we have provided an outline of the different popular coin grades below.

    Uncirculated: A coin that is graded as being Uncirculated is one that never spent any time in circulation. Because of this, the coin in question will have almost no signs of damage and will more closely resemble a coin that was just recently minted. For collectors, these are the most desirable coins simply because of how well-preserved they are.

    Extremely Fine: A coin that is graded to be Extremely Fine may have spent some time in circulation, but this time was incredibly short-lived. The most common signs of wear and tear on these pieces will be some light scratching on the surfaces, and nothing much beyond that. These coins are also the apple of many collectors’ eyes because they are still in excellent condition for their age.

    Fine: If a coin is receiving of a Fine grade, this means that the coin in question was exchanged for an extended period of time but somehow managed to avoid incurring any major damage. For those holding the coin, you will notice that the surfaces are smoother to the touch and that both sides are home to plenty of surface scratching.

    Good: Good is the lowest grade a coin can receive, and this is reserved for coins that have been extremely heavily circulated. All in all, these coins appear to have been through their better days, as deep scratching and bending are two noticeable signs of wear.

    Pricing the 1923 St. Gaudens $20 Gold Coin

    As far as determining a price for the 1923 St. Gaudens $20 Gold Coin is concerned, this can be done by simply assessing the type of coin it is and the condition it is in. Because there are different levels of scarcity associated with the different types of Coins that were minted every year, this is arguably the biggest factor to consider when attempting to determine a price. Secondly, condition means everything to collectors, so it is only right that those well-preserved coins will sell for the highest prices. Listed below is a chart aimed at giving you a better idea of what you might be asked to pay for a 1923 St. Gaudens $20 Gold Coin given its condition and type.

    St. Gaudens $20 Gold Coin

    1923 St. Gaudens $20 Gold Coin N/A N/A $1,475 $1,485
    1923 St. Gaudens $20 Gold Coin (D) N/A N/A $1,475 $1,485
    Source: Red Book

    All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.