Monday, July 26, 2010

Double Eagle Gold Coin

The Double Eagle coin is a US $20 gold coin which was issued last 1907-1933. This gold coin was designed by Augustus Saint Gaudens with the participation of President Theodore Roosevelt. The coin has a dimension of 34mm in diameter and 2mm in thickness, with a weight of 33.436 grams. In the spring of 1933, there are 455,500 double eagles melted but two 20 dollar gold coins were able to be set aside.

Saint Gaudens designed the obverse of the Double Eagle gold coin, with Lady Liberty holding a torch of freedom and an olive branch with the US Capitol in the background. The inscription of the obverse says “Liberty” and the year it was minted.



The reverse design of the gold coin has an inscription "United States of America," "Twenty Dollars" and "In God We Trust" and shows a Bald Eagle flying with the sun and its rays in the background. The gold coin was minted without a motto “In God We Trust”, but an act was passed in the congress requiring the use of the motto so Saint Gaudens re-designed the coin and included the motto.

The Double Eagle gold coin contains 90% gold and 10% copper, which is equivalent to 30.093 grams as its gold content. It currently holds the record for the second highest priced for a single US gold coin. These Double Eagle gold coins were recently exhibited in the "Money and Medals Hall" at the National Museum of American History.