An earlier year Senate bill calling for .995 pure palladium one-ounce UHR $20 Saint-Gaudens Double Eagle coins was joined by a House version introduced Thursday, July 30, by Rep. Dennis Rehberg [R-MT]. Both bills seek to produce "coins in palladium to provide affordable opportunities for investments in precious metals."
Legislation has been reintroduced in the Senate that would authorize the United States Mint to produce Saint-Gaudens Ultra High Relief bullion coins in palladium.
Details are sparse since the legislation has yet to be published by the Government Printing Office (GPO). The bill, S. 758, was only introduced Wednesday.
History, however, provides insights. Senators Max Baucus [D-MT] and Jon Tester [D-MT] sponsored S. 758 and they also introduced S. 2924 for the same purpose last year. That bill was similar to an earlier and unanimously passed House version, H.R. 5614. The Senate failed to take action on either before the new year, and both died with the end of the 110th congress.
The US Mint is left with two 2008-W American Eagles gold coins in the uncirculated collector series inventory. The 1 oz option sold out Wednesday. Sales were respectable with an increase of 799, or 9.3 percent.
The biggest jumper in the series was the 1/4 oz option, rising 11.4 percent. The 1/4 oz size settled down with an increase of just 0.6% following last week's reported surge of 48.1 percent. After the current inventory is exhausted, these two coins will not be sold by the Mint again.
2009 Ultra High Relief $20 Double Eagle gold coins moved nicely, rising by 2,579, or 5.7 percent. Collectors have now purchased 47,999 UHRs since they went on sale Jan. 22.
The United States Mint released the highly anticipated 2009 Ultra High Relief Double Eagle Gold Coin today at noon (ET). All indications show that early coin sales are blazing, with reports of busy Mint phone lines and online ordering backups where buyers have had to wait an hour or more to place an order.
The coin collector's excitement for the modern day recreation of the famed Augustus Saint-Gaudens' designed 1907 $20 Double Eagle gold piece is felt across the Internet -- websites, forums, and social groups. On CoinNews itself, thousands of collectors have searched for and viewed recent double eagle articles in a matter of hours, easily ranking interest in this coin at a historical high for any on the site.
Flying through snail mail are 2009 Ultra High Relief Double Eagle Gold Coin brochures from the US Mint to collectors. The mailer is complete with coin images, design details, coin strike accounts and a historical background touching the 1907 $20 gold piece -- the master template for the digitally reproduced and minted 2009 Double Eagle coin.
Without a doubt, the Mint wants these one-year-only gold coins to have an unparalleled impact with collectors. The 4-1/4" by 7" brochure unfolds to ten full panels (five front and back) and is dedicated to describing only the gold piece, making it one of the most comprehensive single product mailers the Mint has ever sent.
The Augustus Saint-Gaudens' designed 1907 $20 Double Eagle has often been described as "the most beautiful coin ever minted." The 21st century version goes on sale Thursday, January 22, at 12:00 noon (ET).(See Mint Ultra High Relief images.)
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.
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.