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    1924 St. Gaudens $20 Gold Coin

    The 1924 St. Gaudens $20 Gold Coin is widely collected by numismatists and bullion investors alike. The St. Gaudens $20 Gold Coin is essentially considered the most beautiful coin that the United States has ever produced.

    St. Gaudens $20 Gold Coins were mainly used for international trading purposes, especially after World War I. Keep in mind, the coin’s $20 face value would be the equivalent of hundreds of dollars today. Hence, this Gold Coin did not see heavy use in daily transactions, which is why most surviving St. Gaudens $20 Gold Coins are mostly found in higher grades.

    Now is the perfect time to act if you want to get your hands on a 1924 St. Gaudens $20 Gold Coin, because as time moves forward fewer and fewer of them will remain available for purchase.

    Grading the 1924 St. Gaudens $20 Gold Coin

    When it comes to coins that are as old as the 1924 St. Gaudens $20 Gold Coin, the condition that a specific coin is in is something that can never be guaranteed and often varies from coin to coin. From a collector’s point of view, the wild card that is the condition of a 1924 St. Gaudens $20 Gold Coin is something that prompts a close visual inspection of these coins prior to making a purchase.

    For most, it is easiest to simply have coins sent away for grading, because that way the condition of the coin is determined by a professional. Knowing that not everyone has this type of money sitting around, we have provided a listing of the different popular coin grades below.

    Uncirculated: For a coin to receive an Uncirculated grade, the piece in question will have spent absolutely no time whatsoever in circulation. Instead, you will notice that these coins more closely resemble a coin that was just recently minted, and not one that was produced over a century ago. Collectors hold Uncirculated coins higher than any others for obvious reasons.

    Extremely Fine: A coin that is graded as being Extremely Fine is one that saw time in circulation, but was taken out before long. These coins will appear to be absolutely perfect as far as condition is concerned, but if you look closer you will be able to make out some light signs of wear and tear.

    Fine: This grade is given to coins who spent a good bit of time in circulation. Unlike most coins that have been in circulation for extended period of time, those that are receiving of a Fine grade are those coins that have mostly managed to avoid becoming overly damaged. A great addition to any collection, these coins are often affordable for most collectors.

    Good: Good is the lowest coin grade on the spectrum, and is used to describe coins that have been quite heavily damaged. It is impossible to say with certainty what kind of damage will be present on these coins because it varies, but you will most often see heavy scratching, bending, and a number of other noticeable signs of wear.

    Pricing the 1924 St. Gaudens $20 Gold Coin

    If you are like any other collector, you will naturally want to know what the asking price of a specific 1924 St. Gaudens $20 Gold Coin might be. To do this, you must do nothing more than take into consideration the type of Gold Coin it is, and the condition it is in. By carefully assessing these two factors, you will gain a better idea of what you might be asked to pay, or what you might ask someone to pay, for a specific 1924 St. Gaudens $20 Gold Coin. Below is a chart that will help you understand an appropriate asking price for one of these coins given the condition and type.

    St. Gaudens $20 Gold Coin

    1924 St. Gaudens $20 Gold Coin N/A N/A $1,475 $1,485
    1924 St. Gaudens $20 Gold Coin (D) N/A N/A $2,500 $2,750
    1924 St. Gaudens $20 Gold Coin (S) N/A N/A $2,500 $2,750
    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.