In a remarkable event for numismatists and collectors alike, a rare 1907 Saint-Gaudens Double Eagle gold coin recently fetched an impressive $4.3 million at auction. This sale underscores the enduring allure and significant value of this iconic piece of American coinage.
The Saint-Gaudens Double Eagle: A Masterpiece of Coin Design
Commissioned by President Theodore Roosevelt in the early 20th century, the Saint-Gaudens Double Eagle was designed by renowned sculptor Augustus Saint-Gaudens. Roosevelt aimed to revitalize American coinage, drawing inspiration from the artistry of ancient Greek coins. The result was a $20 gold coin that many consider the most beautiful ever produced by the U.S. Mint.
Key Features of the 1907 Saint-Gaudens Double Eagle
| Feature | Description |
|---|---|
| Obverse Design | Depicts Lady Liberty striding forward, holding a torch and an olive branch. |
| Reverse Design | Features a majestic bald eagle in flight. |
| Composition | 90% gold, 10% copper. |
| Diameter | Approximately 34 mm. |
| Weight | 33.436 grams. |
The 1907 Ultra High Relief Edition
The 1907 Ultra High Relief (UHR) Saint-Gaudens Double Eagle is particularly noteworthy. Due to its intricate design and the challenges it presented during minting, only a limited number were produced. These coins required multiple strikes to achieve the desired detail, making them rare and highly sought after by collectors.
Auction Highlights
The recent auction, held by a prominent numismatic auction house, featured several notable coins, but the centerpiece was undoubtedly the 1907 Ultra High Relief Saint-Gaudens Double Eagle. The coin’s pristine condition and historical significance contributed to its final hammer price of $4.3 million.
Factors Influencing the High Auction Price
Several elements contributed to the coin’s substantial auction value:
- Rarity: The limited mintage of the 1907 UHR Double Eagle makes it a rare find.
- Historical Significance: As a product of Roosevelt’s vision to enhance American coinage, it holds considerable historical importance.
- Artistic Merit: Saint-Gaudens’ design is celebrated for its beauty and craftsmanship.
- Condition: The coin’s excellent preservation status significantly increased its desirability.
Comparison with Previous Sales
While the $4.3 million sale is impressive, it’s noteworthy that other Saint-Gaudens Double Eagles have achieved higher prices. For instance, a 1933 Double Eagle sold for $18.9 million in 2021, setting a world record for the most expensive coin ever sold at auction.
The Legacy of the Saint-Gaudens Double Eagle
Beyond its monetary value, the Saint-Gaudens Double Eagle represents a pivotal moment in American numismatic history. It symbolizes a period when art and currency converged, resulting in a coin that remains a benchmark for design excellence.
FAQs
Why is the 1907 Saint-Gaudens Double Eagle so valuable?
Its value stems from its limited mintage, historical significance, artistic design, and excellent condition.
How many 1907 Ultra High Relief Double Eagles were minted?
Approximately 12,367 high relief coins were struck in 1907, with only a fraction being the ultra high relief version.
What makes the 1933 Double Eagle different from the 1907 version?
The 1933 Double Eagle was never officially released into circulation due to the Gold Reserve Act, making surviving specimens extremely rare and valuable.
Who was Augustus Saint-Gaudens?
Augustus Saint-Gaudens was a renowned American sculptor known for his contributions to coin design, notably the Double Eagle and the $10 Indian Head gold coin.
Can I view a Saint-Gaudens Double Eagle in a museum?
Yes, several museums, including the Smithsonian Institution, have Saint-Gaudens Double Eagles on display.
The recent auction of the 1907 Saint-Gaudens Double Eagle for $4.3 million highlights the enduring legacy and appeal of this masterpiece of American coinage. Its blend of historical significance, artistic beauty, and rarity continues to captivate collectors and enthusiasts worldwide.
