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$20 Saint-Gaudens Gold Double Eagles


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AGE Investor Alert!

Lowest Premium Ever!

Greetings!

I'm excited to alert you to a superb buying opportunity in classic U.S. gold coins. $20 Saint-Gaudens double eagles in near-gem MS64 grade are now trading at the lowest premium on record! Priced as low as $99 over 1-ounce US Gold Eagles, they offer an astounding value that should not be passed up.

Over the past five years, the premium for this extremely popular investment coin—that is, its value above intrinsic gold content—has averaged 32%. In September 2015, the premium was nearly 51%. Today, that premium is merely 16%, or half the five-year average! It is the lowest premium for $20 Saints MS64 we've seen in our 37 years of tracking these markets.

If current premiums for $20 Saints in MS64 merely revert to their 5-year average, these coins will gain around $200 from today's low prices. If premiums return to the recent peak of 51%, they will gain around $437 per coin—and that's with no change in the underlying gold price! These coins have seldom been more attractively positioned for future gains.

How can $20 Saints in MS64 gain so much more than gold? In a word, scarcity. Out of the tens of millions originally minted, fewer than 600,000 have been certified in near-gem Mint State 64. This is a tiny survival rate! And far fewer than 1% of these known survivors are available on the national market at any given time. When demand increases, buyers can rapidly overwhelm existing market supplies, driving prices much higher, often very quickly.

By contrast, 1-ounce US Gold Eagles, which are nearly the same size and weight, are minted in virtually unlimited numbers each year. They offer no premium for scarcity, so they rise by only as much as the gold price. Almost every year, the U.S. Mint makes more 1-ounce Gold Eagles than the entire known survival rate of MS64 Saints! Their true scarcity is the main reason we think $20 Saints MS64 are much better than bullion for long-term gold investors.

Gold in an uptrend

The underlying driver for $20 Saints MS64 is the gold spot price, and gold is in an uptrend. After setting a very hard bottom at $1,050 in December 2015, when the Fed raised interest rates for the first time in nine years, gold rebounded strongly in 2016, reaching as high as $1,372 during the summer. After Donald Trump's election boosted stocks and the dollar late last year, gold pulled back temporarily before rebounding again in 2017 with a 10% rise so far this year.

As you can see in the chart above, gold has gone through a series of oscillating $75 trading ranges this year, stair-stepping higher as it sets higher highs and higher lows. If this trend holds, and we think it will, gold is currently in the bottoming phase in its latest corrective cycle, at about $1,275 per ounce. As the old saying goes, buy the dips!

Global uncertainty

Gold's overall trend is solidly up, as you can see by the blue lines on the chart. We’ve drawn a green support line at $1,250 where we see solid longer-term support. In the short term, though, we don’t see gold dropping under $1,270. Between North Korea, Brexit, Syria, Iran, and the gridlock in Washington, there is simply too much uncertainty in the world today for gold to get much cheaper. And remember, gold spiked to $1,351 last month as fears over North Korea's nuclear weapons program ratcheted up. The reasons for those fears have not gone away, and a new high above that level is well within reach.

Against this backdrop, $20 Saint-Gaudens in MS64 offer a fantastic opportunity at current prices and premiums. They provide all the advantages of 1-ounce Gold Eagles plus far greater profit-potential, especially at today's record low premiums. This situation will not last. Dealer demand is already rising, which means today's 16% premium will expand toward its 32% mean, and higher prices will follow.

We urge you to take advantage of this remarkable opportunity to add these scarce, high-grade, classic U.S. gold coins to your portfolio for little more than the cost of bullion. You'll be glad you did!

Sincerely,

Dana Samuelson
President, American Gold Exchange

Volume Pricing
Quantity Price per coin
1-9
10-19
20-39
40+
Qty

Basis: gold @ $1,285.05, 11/22/17
Prices, availability subject to change.
Unless specified, NGC or PCGS
and dates/mints our choice.
See Terms & Conditions.
Shipping and handling, per package:
USPS Priority: $17 under $1,000;
USPS Registered: $30 under $100,000
FedEx Express Saver: $25 (No PO boxes)

Buying $20 Saint-Gaudens Double Eagles

The Saint-Gaudens $20 Double Eagle is one of the most beautiful, popular, and widely recognized of all gold coins. The last $20 gold piece struck by the U.S. government for regular issue, it will forever remain a symbol of the emerging greatness of the United States in the 20th Century.

$20 Saint-Gaudens gold coins are a perennial favorite for gold coin collections and investment portfolios because of their stunning design, genuine scarcity, and worldwide popularity. Especially in the higher Mint State grades like MS64 and MS65, they have the proven ability to appreciate at times in a rising gold market much faster than gold bullion because of their severely limited numbers and constant collector demand.

In addition, like all pre-1933 US gold coins, $20 Saint-Gaudens gold double eagles are exempt from broker reporting requirements to the IRS due to their status as collectibles.

"High Relief" $20 Gold Saint-Gaudens Coins

In 1904, President Theodore Roosevelt summoned his friend, famed sculptor Augustus Saint-Gaudens, and confided what he called his "pet crime": his desire to redesign the country's coinage in the likeness of the coins of ancient Greece, the birthplace of democracy. Although in failing health, Saint-Gaudens rose to what would become his last challenge, producing a stunning design that many consider to be the most beautiful coin ever produced.

Offered several choices by Saint-Gaudens, Teddy Roosevelt personally selected the so-called "High Relief" design for the new double eagle. The obverse features the image of Miss Liberty striving gloriously into the future; the reverse features the majestic Flying Eagle. It is called "high-relief" because the devices are raised to an unusual height above the fields, which are excessively concave. During March and April of 1907, some 24 Proof specimens were struck of this Saint-Gaudens High Relief design. Each coin required an amazing nine blows of the dies into the gold blank to strike up the design in full detail. Sadly, Saint-Gaudens died on August 3, 1907, without seeing his magnificent gold coin enter circulation.

In November of 1907, production of regular issue High Relief $20 Saint-Gaudens gold coins began. Some 11,250 coins were struck, but with great difficulty, for each coin required five blows from the press to raise the design into acceptable relief. In addition, bankers complained that these new coins, when placed in traditional bankers' stacks of twenty, wobbled and fell over! So practicality won out over aesthetics. The Saint Gaudens design was altered by Charles Barber into a "flat relief" version, and coin production resumed in earnest. The first Barber-redesigned Saints were struck with 1907 and 1908 dates. As one would expect, the original 1907 High Relief $20 Saint-Gaudens gold coins immediately became prized as collector's items.

$20 Saints-Gaudens Gold Double Eagles "No Motto"

In 1866, Congress had passed a law requiring the motto IN GOD WE TRUST to appear on all U.S. coinage large enough to accommodate it. Roosevelt, however, believed it was sacrilegious to have the word "God" appear on money, which could be gambled with, or thrown on the ground, or used for immoral transactions. He therefore ordered the Saint-Gaudens Double Eagle to omit the motto IN GOD WE TRUST. Saint-Gaudens Double Eagles struck in 1907 are therefore without motto, as are some struck in 1908.

$20 Saints-Gaudens Gold Double Eagles "With Motto"

In 1908, Congress over-ruled Roosevelt, upholding the "with motto" law. The issue became a political hot potato for Roosevelt. Ironically, he had to be careful about being portrayed as an atheist for supporting the motto's omission! Production of Saints, now with motto, resumed in 1908 and continued until 1933, interrupted only in 1917, 1918, and 1919 because of World War I. Struck mostly in Philadelphia, $20 Saint-Gaudens gold coins were also produced in limited quantities during some years at the Denver and San Francisco mints.

1933 $20 Saints -- Forbidden Fruit

In 1933, during the height of the Depression, President Franklin Roosevelt outlawed private ownership of gold by U.S. citizens. Gold coins were recalled from circulation, and the production of new U.S. gold coins was ended. While Saints dated 1933 were minted, they were never officially released. Mysteriously, a handful of the banned 1933 Saints were somehow removed from guarded mint bags and replaced by earlier dated coins. As you might expect, these 1933 Saints are now worth a fortune. But before you run out and buy one for your collection, remember this: it remains against the law to possess these contraband 1933 $20 Saint-Gaudens Double Eagles, subject to confiscation and prosecution! Forbidden fruit indeed!

Special Issue $20 Saint-Gaudens

In addition to business strikes, which were coins intended for use as currency, the magnificent $20 Saint-Gaudens Double Eagles were also struck as presentation pieces in Proof condition, as had become the normal course of operations by the U.S. mint since the late 1850s. Intended to be given to foreign dignitaries and government officials, or to be sold to collectors, proof coins are by definition struck at least twice on specially polished dies, using specially prepared and polished blanks. Proof coins feature razor sharp strikes, often with especially frosty devices and highly polished, mirrored fields. Proof gold coins usually have very small mintage figures, normally from 25 to 125 pieces for a given year. Saint-Gaudens $20 proof coins were only issued from 1908 to 1915, and very few proof survive today in any condition. They are exceedingly rare overall, especially in higher states of preservation

What is unusual about Saint-Gaudens proof coins is that they were not struck as "brilliant proofs," like the $20 Liberty proof gold minted up until 1907. The new Saint-Gaudens proof issues were struck instead in "matte proof." Rather than polishing the dies for these proof coins, as was the procedure for brilliant proofs, the mint decided to sandblast the dies instead, creating a coin with what has become known as a matte finish, or sandblast proof.

In addition to matte proofs, the mint also manufactured Saint-Gaudens gold coins as satin finish proofs. Also called Roman finish, these unique coins were a hybrid between a brilliant proof surface and a matte surface. Roman finish proof gold coins were struck by the US. mint in 1909 and 1910, although a few examples exist in other years. Many collectors consider satin or Roman finish proofs to be the most beautiful of all proof coins!

Specifications
Minted: 1907-1933
Content: .9675 oz gold
Purity: .900 fine
Diameter: 34 mm
Thickness: 2.41 mm
Designer: Augustus Saint-Gaudens
Population by Grade
Grade Certified
Population
Lowest
Price
MS65
237,512    
$1,675    
MS64
578,075    
$1,439    
MS63
603,652    
$1,420    
MS62
356,154    
$1,395    
AU
--  
$1,315    
XF
--  
$1,310    

Certified Populations = PCGS + NGC, 9/18/2017