Posts tagged 'saint-gaudens'

Rare Saint-Gaudens sketch is transformed into a gold coin

February 27, 2012
Many people collect rare coins all over the world, and no coin commands more respect than the 2009 Ultra High Relief Gold Coin.

Beauty in Design: The 1933 Saint-Gaudens Double Eagle

September 15, 2010

Mankind has been producing coins as a form of currency for centuries and despite the fact that there have been millions of them produced, there are some that for one reason or another have become worth far more than their face value. One such coin is the 1933 Saint-Guadens Double Eagle. This gold coin was minted with a face value of $20, but as there is only one known example it sold at auction for $7,590,020 in 2002. This coin was a result of Teddy Roosevelt wanting to make changes to the American coinage as he saw them as being rather bland and boring. His personal love of the beauty of Greek coins led him to believe that the greatness of a nation was reflected in the coinage it produced.

With this in mind he sought out his friend and sculptor Augustus Saint-Gaudens in 1905 and asked him to design a new line of gold coins for the US. The first coin designed by Saint-Gaudens was the 1907 Gold Double Eagle. These coins remained in production until 1933 when in the midst of the Great Depression, Franklin Roosevelt took the country off the gold standard as a way to try and stabilize the shattered economy of the nation. At this point the circulation of gold coins ceased and everyone was ordered to turn in their gold coins.