For centuries, civilizations have used gold coins which have withstood the test of time to serve as a hedge against inflation and economic turbulence. Investing in rare gold bullion coins like the Pre-33 Saint-Gaudens coin is a great way to diversify your asset holdings.
So what’s so special about Pre-33 Saint-Gaudens, you ask? Let’s take a closer look to see why these coins are a reliable store of wealth and why should you add them to your investment portfolio.
What’s Special about Pre-33 Saint-Gaudens Gold Coins?
Named after their designer, Augustus Saint-Gaudens, the most prominent sculptor and artist in the country at the time, these gold coins were minted between 1907 and 1933. They are 0.9675 of a troy ounce of 0.90 fine gold and sold at a face value of $20.
The obverse of the coin features Lady Liberty, as she proudly emerges, striding forward from a rising sun with billowing hair and gown paired with a torch and olive branch in hand. Underneath, "LIBERTY" is inscribed along with the year of issue. Flip the coin to the reverse side to reveal an American Bald Eagle soaring through the rising sun’s crepuscular rays. "UNITED STATES OF AMERICA" and "TWENTY DOLLARS" is inscribed above the image.
The idea for the double eagle design of the Pre-33 Saint-Gaudens was inspired by none other than the Greeks when Theodore Roosevelt attended an exhibition of ancient Greek coins at the Smithsonian. Entranced by their artistic beauty and symbolic power, Roosevelt arrived at the conclusion that the U.S. was in need of a new and improved generation of gold coins that embodied American greatness. When given the opportunity, Augustus Saint-Gaudens readily agreed to rework these gold coins, issuing the dawn of a new era for our nation’s coinage.
What Investment Quality Do Pre-33 Saint-Gaudens Have?
Investing in precious metals is a bullish position for the long term. They have the ability to provide the economic hedge, privacy, financial security, and profit center investors need. With rising global debt, gold has the potential to easily double in value on the commodities market. However, as unmarked gold bullion is unremarkable, as an investor, your profits are limited to the percentage increase of the spot price. Investment grade gold coins, such as Pre-1933 Saint-Gaudens, offer investors the opportunity to take advantage of leveraged gains above gold bullion or other physical forms of gold.
Shifting currency laws implemented by President Franklin Roosevelt during the Great Depression entailed confiscating gold currency circulating the market. Gold was exchanged for paper money to end the run on the banks and stabilize the economy. Additionally, collected gold was melted into gold bullion bars and used to repay foreign debts. Few coins escape the great mint melting of 1933, making them a rare commodity.
As of February 2022, a Pre-33 Saint-Gaudens gold coin in extremely fine condition sells for around an average of $1500, with a few exceptions reaching $3,000 and upwards of $12,000. Although many uncirculated versions of these gold coins still go for around $1500, a significant few can demand an impressive selling price from $2500 to $6000 to $12,000 to $55,000, with one reaching a maximum of $475,000.
As time goes on, the rarity of these coins will surely make for an excellent opportunity to leverage your investment, lining your investment portfolio with an inflation hedging asset.
Why Invest in Gold Coins with the U.S. Gold Bureau?
Like any type of physical gold investment, when it comes to investing in gold coins, you’ll want to ensure that you are working with a reputable dealer. It is imperative that investors buy Pre-33 Saint-Gaudens with authenticity in mind to ensure their store of value. Finding valuable mint marks and determining the condition of your coin requires a well-trained eye to determine its value.
Our Precious Metal Specialists have undergone extensive training to understand the differences in these gold coins. Schedule a consultation with one of our precious metal experts to learn more about how investing in Pre-33 Saint-Gaudens gold coins as a store of value can strengthen the diversity of your portfolio today.