The United States Mint will reveal the 2009 Ultra High Relief Double Eagle Gold Coin at the ANA World’s Fair of Money® this week, but excited collectors don’t need to wait to see what the gold piece looks like. The U.S. Mint has provided high resolution images of the coin’s obverse, reverse and edge.
While highlighting the beauty of the 1907 Augustus Saint-Gaudens’ $20 Double Eagle liberty design, the coin photos makes the width of the gold piece immediately apparent. In piedfort like style, the $20 gold coin is about 50% thicker than other US Mint one-ounce gold coins.
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The United States Mint peaked curiosity further for the ANA World’s Fair of Money® convention by announcing their unveiling of the 2009 Saint-Gaudens double eagle designed gold coin and adding a display of six real gold bars that were refined at West Point.
The Mint previously announced they would show the modern $20 gold coin, but the latest announcement adds that their exhibit will:
Show the development of this modern masterpiece-from its origin as gold bars-through test strikes-to the finished, one-ounce 24-karat (.9999 pure) 2009 United States Mint Ultra High Relief Gold Coin.
For sure, an extra element of interest is added to the much awaited revelation of the 2009 Ultra High Relief, which is a modern version of the 1907 Augustus Saint-Gaudens $20 Double Eagle often described as the most beautiful gold piece ever made.
Weighing in at 27.5 pounds each with 400 ounces of gold, the six gold bars for the exhibit are worth about $2.3 million dollars based on yesterday’s London gold closing of $959.75 an ounce.
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Collectors will first see the 2009 Ultra-High-Relief Saint-Gaudens $20 gold coin July 30 at ANA’s World’s Fair of Money® in Baltimore.
The United States Mint announced today that Mint Director Ed Moy will reveal the coin, which is a modern version of the 1907 Augustus Saint-Gaudens $20 Double Eagle — often described as the most beautiful gold piece ever made.
The coin will contain one once of 24-karat gold, have a diameter of 27 millimeters, and will be 50 percent thicker than other U.S. one-ounce coins.
The mintage of the new coin will be unlimited for one year and sold only in 2009, unless inventory remains for 2010. Should proposed coin legislation entitled Original Saint-Gaudens Double Eagle Ultra-High Relief Palladium Bullion Coin Act become law, palladium versions of the coins will continue past 2010.
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The United States Mint announced on Friday that Secretary of the Treasury Henry Paulson has authorized the issuance of a 2009 version of the 1907 ultra-high relief Augustus Saint-Gaudens $20 Double Eagle coin.
According to the U.S. Mint, the 2009 legal tender Saint-Gaudens’ designed coin will be:
- Made of 24-karate gold,
- have an unlimited mintage for one year,
- released in only a one-ounce version,
- produced with a business-strike finish, and
- minted only in 2009
The 1907 Augustus Saint-Gaudens $20 Double Eagle is considered by many to be one of the most beautiful gold coins made in the history of U.S. coinage.
United States Mint Director Ed Moy has announced plans to bring back the Saint-Gaudens’ design in March of 2008. At the time he commented,
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As precious metal prices fall, United States Mint bullion coin premiums rise. The differences make the proposition of purchasing the latest US Mint American Eagle bullion coins nearly overwhelming.
The United States Mint appears to be happy to accept higher premiums in many of their bullion coin sales.
While the Mint was quick to suspend and then readjust bullion coin prices upward when precious metal prices increased, the same quick but reverse adjustment has not been seen with key Mint bullion coins as precious metals decline.
As one example highlights, the Mint announced the pricing of 2008 American Eagle Gold Uncirculated coins on March 19, 2008. The one ounce eagle coin was set at $1,119.95. The day of that announcement London gold closed at $958.50 an ounce.
Six weeks later London gold on Thursday is at $853 an ounce. The premium differences between the two dates for the one ounce 2008 American Eagle Gold Uncirculated coin are:
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Last month U.S. Mint Director Ed Moy announced plans to recreate the famed Saint-Gaudens coin in 24-karat gold for 2009. That gold coin could potentially be supplemented or even replaced by the creation of a less expensive palladium version.
There is new legislation on the table to recreate the coin in palladium—a silver-white precious metal that is directly above platinum and to the left of silver in the Periodic Table of Elements.
The Augustus Saint-Gaudens’ designed coins are thought by many to be the most beautiful ever minted in the U.S. At the time of the announcement for the planned gold recreation of the coin, Mint Director Moy commented,
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