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The 1924 double eagle coin is one of the coins minted from 1907 to 1933 and is considered by some coin collectors to be the most beautiful United States gold coin ever made. The 1924 double eagle coin was one of the St. Gaudens’ Double Eagle coins and had a value of twenty dollars.

Coinage Terminology

1924 Double Eagle Coin

In describing coins, you may not know a few words. The “die” is used to stamp the design on the coin. It the die accidentally strikes the coin twice, that is called doubling, or a double die. This can add to the value of a coin. The obverse is the front of the coin and the reverse is the back.

The mintmark tells where the coin was made. If there is not one, then it may have been made in Philadelphia, the original US Mint. A mint mark of a “P” stands for Philadelphia, “D” for Denver, “S” for San Francisco, and “W” for West Point, where collectible coins are made.

History of Double Eagle Coins

Eagle gold coins that were produced by the United States Mint and had a face value of ten dollars. The other denominations were the gold quarter-eagle, the gold half-eagle, and the double-eagle, which was worth 20 dollars. The double eagle coins were made in 1849, which was the same time as the California Gold Rush, and continued being minted until 1933. There were a few changes during that time to the design of the coin.

The twenty-dollar double eagle was widely circulated. It was designed by James Barton Longacre who based his design of Miss Liberty on a statue from Rome called Crouching Venus. He shows the profile of her face as she is looking up. She wears a coronet so they were called the Coronet Double Eagles. A circle of 13 stars that represents the states and the date of minting are at the bottom. The reverse side of the coin has an eagle with his wings spread out, a shield, and the words UNITED STATES OF AMERICA around the coin with “TWENTY D” on the bottom.

There were two changes to the double eagle before 1907. From 1866 to 1876, the phrase “In God We Trust” was shown on the coin. From 1877 to 1907, the “TWENTY D” was replaced with “TWENTY DOLLARS”.

About The 1924 Double Eagle Coin

In 1907, Augustus Saint-Gaudens designed a new double eagle coin, which was called the St. Gaudens’ Double Eagle. On the front side, or the “heads” side, he made a full-length image of Miss Liberty. In her left hand, she carried an olive branch and her right hand had a torch. She appears to be walking with sunlight shining behind her from the bottom portion of the coin. Around the edges of the coin are 46 stars, representing the number of states in the US.

On the reverse side of the coin are similar rays of sunshine shining from the bottom of the coin behind an eagle in flight with its wings pointing up. At the top is the phrase “UNITED STATES OF AMERICA” and below that are the words “TWENTY DOLLARS”. This design was used until 1933.

The 1924 double eagle coin is composed of 90% gold, with the rest being copper alloy. It has a value of over $10,000 depending on condition, rarity, and demand. A 1933 St. Gaudens’ Double Eagle was sold for over 7 million dollars, which makes it the American coin with the highest all time price.

Valuable Coins

There are several reasons why some coins are more valuable than others are. The first is how rare the coin is. You would think that older coins are scarcer and therefore more valuable, but this is not always the case. Sometimes a fewer number of the coins are minted and sometimes there are flaws that make a coin rare, like a double striking during the production of the coin. President Roosevelt stopped the circulation of gold coins after the Great Depression, so many were melted down.

Condition of the coin is another reason a coin may be valuable. The more the coin circulates the more wear and tear it receives. Sometimes the lettering is almost rubbed out, so those are not going to be worth as much. Demand can make an average coin’s price rise unexpectedly, especially if several people want it and they start bidding against one another.