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    1928 St. Gaudens $20 Gold Coin

    The 1928 St. Gaudens $20 Gold Coin is the last of the “common” pre-1933 $20 gold coins. The 1928 St. Gaudens $20 Gold Coin was only struck at the Philadelphia mint, it has become the most common and most often-encountered coin in the entire series. Popular for their large size, prized design, and their nearly one troy ounce of gold, the St. Gaudens $20 gold coin was first struck in 1907.

    St. Gaudens $20 Gold Coins were mainly used for international trade, though they did see some circulation in the West, where gold coins were favored over paper money. While the St. Gaudens did not see much widespread circulation, it nevertheless was embraced by the public and has since become known as the most beautiful gold coin that the United States has ever made.

    For collectors, now is the perfect time to purchase these coins seeing as there are only ever going to be fewer and fewer of these coins available. The goal is to find a 1927 St. Gaudens $20 Gold Coin that is in extremely well-preserved condition, but this is not always the simplest of tasks.

    Grading the 1928 St. Gaudens $20 Gold Coin

    For coins that are decades old, the condition of the piece is something that is the source of constant wonder. Because these coins have been heavily circulated for decades on end, more are in sub-par condition than are in great condition. For this reason, you will see any prospective buyer take note of any and all imperfections on the faces of a given coin.

    For most people, the best way to have a coin’s condition judged is to send the coin away for grading. Knowing that this is an expensive process, we have provided below an outline of the different coin grades as well as their characteristics.

    Uncirculated: An Uncirculated coin is one that spent almost no time at all in circulation and did not incur any amount of damage. You will notice that these coins take on the appearance of a brand new coin in that all of the textured surfaces and inscriptions have been preserved. For collectors, these are the best of the best.

    Extremely Fine: If a coin is determined to be Extremely Fine, this means that the piece is in great condition, but does show some damage. Under close inspection, you will notice some light scratching and other small signs of damage. These coins are also in great condition and are a great addition to any collection new or old.

    Fine: If a coin is determined to be of Fine grade, this means that the coin in question plays host to a good bit of damage. From scratching to chipping and just about anything in between, you will notice these coins have seen better days. For collectors, these are great additions that are also quite affordable.

    Good: Good is the lowest grade a coin can receive and is assigned to those pieces that have spent elongated periods of time in circulation. These coins will play host to a whole lot of damage that can vary dramatically from coin to coin.

    Pricing the 1928 St. Gaudens $20 Gold Coin

    When it comes to determining a price for the 1928 St. Gaudens $20 Gold Coin, it is important that you pay attention to condition. Since collectors care so much about the coin’s condition it only follows that those well-preserved pieces sell for the highest prices. Listed below is a chart aimed at giving you a better idea of what you can expect to pay for a 1928 St. Gaudens $20 Gold Coin given its condition.

    St. Gaudens $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1928 St. Gaudens $20 Gold Coin 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.