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The 1927 Double Eagle coin is one of the most outstanding gold coins ever minted, and If you have heard about this instance, you may wonder why its value is extremely high. After all, the mintage figures were not that outstanding.
The reason lies in its history, the crucial circumstances, and the main features not to mention. But what is so special about the 1927-D double eagle, and why does this iteration attract attention so efficiently?
The Story Behind Minting and Popularity
Let us start with the basics. In the early 20th century, President Theodore Roosevelt was impressed by the design of antique coins and deeply dissatisfied with the look of U.S. coins. This is why he decided that the government should reform the monetary system in pursuit of beauty.
The president believed that money should represent the country's majesty and cultural power, as well as display impressive designs. That's why famed sculptor Augustus Saint-Gaudens was assigned to create a series of new coin designs, including the Double Eagle. The coins were released in 1907 and immediately won the hearts of collectors with their elegant and symbolic appearance.
Mintage Figures
In 1927, the Double Eagle was minted at several mints, including the Denver, Philadelphia and San Francisco Mints (with “D”, none, and “S” mintmarks respectively).
Mint | The number of coins issued |
Philadelphia (Unmarked) | 2 946 750 |
Denver (D) | 180 000 |
San Francisco (S) | 3 750 |
Due to the rarity of instances issued in Denver, the 1927 D Double Eagle gold coin value can be higher than that of other versions. However, keep in mind that gold and silver coins are always more expensive than other common metals because of rising metal rates and their appeal.
The Main Features of the Coin
Design
The obverse depicts a full-standing Liberty with her waving hair. Liberty holds a torch (symbol of knowledge, learning, and light) in her right hand and an olive branch (symbol of peace) in her left hand. The sun rises in the background, illuminating 46 stars i.e., the number of states at the time of the coin's minting in 1927).
The reverse side shows an eagle soaring into the sky with its wings spread wide (the symbol of the States) against the background of the rising sun.At the top of the coin's reverse side, the inscription “UNITED STATES OF AMERICA” is prominently displayed, with its face value, “TWENTY DOLLARS”, positioned just below. The inscription at the bottom of the reverse “IN GOD WE TRUST” was added to the design after 1908.
Physical Characteristics
Denomination: 20 dollars
Metal: 90% gold, 10% copper (for strength)
Weight: 33.436 g.
Diameter: 34 mm.
Net gold content: 0.9675 oz.
Mintmarks: D” for Denver
Designer: Augustus Saint-Gaudens
The 1927 D Double Eagle Value
The 1927 D double eagle worth depends on several factors, as it is not just about gold as a precious metal, it is also its origin, condition, and overall rarity, too. Because of the limited mintage and the elimination of many pieces from circulation, the surviving coins have a high collector and investment potential.
The 1927 gold double eagle from Denver can be worth millions of dollars (and this price is only increasing over time). For example, Heritage Auctions provide statistics that include the price of $4,440,000 for the MS66 instance (sold in 2022). The higher the grade, the higher the price (up to $7,750,000 for MS67).
Additional Recommendations for Collectors and Investors
If you are the lucky owner of the 1927 Saint-Gaudens Double Eagle or only intend to purchase it, you need to pay attention to some aspects:
Check the originality of the coin. To guarantee authenticity, it is recommended that you use professional services or modern technologies, e.g., the Coin ID Scanner app capable of identifying coins and their values. With its help, you can quickly scan the coin and get basic information about its characteristics and possible worth.
Pay attention to the optimal storage conditions of the coin before purchasing or selling it. A coin needs to be stored properly: in a protective container, away from moisture and direct sunlight.
If you intend to sell or buy a valuable coin, keep an eye on the market 1927 double eagle value. The prices of gold coins can fluctuate depending on market conditions and demand. Once again, the Coin ID Scanner app can come to the rescue, making the search process easier and more convenient.
Symbol of the Age and Fascination
The 1927 iteration of a double eagle is not just a rare coin just like the Peace Dollar, but a link to the past, a symbol of excellence and historical significance, as well as a good investment growing in value over time.
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