The numismatic world is filled with treasures, but two specific gold coins stand out for their history, artistry, and value—each worth approximately $900,000.
These gold coins, the 1907 Ultra High Relief Saint-Gaudens Double Eagle and the 1884-S Morgan Silver Dollar, have captured the interest of collectors and investors alike due to their rarity and immaculate condition.
This article will explore these fascinating coins, their design features, history, and why they command such impressive prices in today’s market.
1. The 1907 Ultra High Relief Saint-Gaudens Double Eagle
Historical Significance
Designed by renowned sculptor Augustus Saint-Gaudens, the 1907 Ultra High Relief Saint-Gaudens Double Eagle was intended to elevate American coinage to a level of fine art. President Theodore Roosevelt wanted to create coins that would be “as beautiful as the Greek coinage.”
However, the coin’s high-relief design presented production challenges for the U.S. Mint, leading to the creation of only a limited number of these gold coins.
Design Features
On the obverse side of the coin, Lady Liberty holds a torch in one hand and an olive branch in the other, symbolizing enlightenment and peace. The reverse features a majestic eagle soaring over the rising sun. The detailed artwork and high-relief design make this coin one of the most visually stunning U.S. coins ever minted.
Market Value
In today’s market, uncirculated versions of the 1907 Ultra High Relief Saint-Gaudens Double Eagle can fetch around $900,000. The coin’s scarcity and the exquisite artistry of Saint-Gaudens are the driving factors behind its high market value. A coin in mint condition can often achieve even higher prices at auction, especially if graded MS68 or higher.
2. 1933 Saint-Gaudens Gold Double Eagle
Historical Background
The 1933 Saint-Gaudens Gold Double Eagle is considered one of the most famous coins in American history. It was minted during the Great Depression, a period of economic turmoil in the United States.
Initially intended for circulation, the coin’s fate changed with the enactment of the Gold Reserve Act of 1933, which prohibited private ownership of gold coins. As a result, nearly all of the coins were melted down, leaving only a few surviving examples.
A handful of these coins escaped destruction and entered private hands, leading to legal battles over their ownership. The rarity and historical significance of these coins have made them highly sought after by collectors.
Design Features
The 1933 Double Eagle is revered not just for its rarity but also for its stunning design by renowned sculptor Augustus Saint-Gaudens. The obverse of the coin showcases Lady Liberty, striding confidently forward, carrying a torch and olive branch—symbols of enlightenment and peace.
The reverse side features a magnificent eagle soaring above the rising sun, symbolizing American strength and resilience.
The detailed and dynamic design of the Saint-Gaudens Double Eagle makes it one of the most visually striking coins ever produced, and its artistic quality further adds to its desirability among collectors.
Market Value
One of the 1933 Double Eagles made headlines in 2002, when it sold at auction for $7.59 million, setting a record at the time for the most expensive coin ever sold.
While not every coin fetches this price, many examples that have been authenticated and remain in good condition are valued at $900,000 and up. In 2021, another 1933 Double Eagle broke records again, selling for an astounding $18.9 million.
| Coin | Year | Estimated Value | Notable Features |
|---|---|---|---|
| 1907 Ultra High Relief Saint-Gaudens Double Eagle | 1907 | $900,000 | High-relief design, designed by Augustus Saint-Gaudens |
| 1933 Saint-Gaudens Gold Double Eagle | 1933 | $900,000 | Extremely rare in mint condition, designed by renowned sculptor Augustus Saint-Gaudens |
What Makes These Gold Coins So Valuable?
1. Rarity
Both coins were minted in limited quantities, and finding examples in near-perfect condition today is incredibly rare. The 1907 Saint-Gaudens coin, in particular, faced production difficulties due to its design, which led to only a small number being made.
The 1884-S Morgan Silver Dollar, while produced in higher numbers, has very few surviving mint state examples today.
2. Historical Significance
These gold coins are not just valuable because of their rarity; they are also significant pieces of American history. The 1907 Double Eagle represents a high point in U.S. coinage, and the 1884-S Morgan Dollar captures a period of economic and political change in America.
3. Condition
Coins in top-grade, uncirculated condition (MS68 and higher) can command much higher prices than circulated examples. Collectors are willing to pay a premium for gold coins that are in pristine condition.
4. Market Demand
As with all rare items, demand plays a key role in determining value. These gold coins are highly sought after by collectors and investors, which drives up their price. Auction houses often see fierce bidding wars when these coins come to market.
Conclusion
The 1907 Ultra High Relief Saint-Gaudens Double Eagle and the 1884-S Morgan Silver Dollar are not only valuable assets but also beautiful pieces of history. Their rarity, exceptional condition, and market demand contribute to their staggering prices of approximately $900,000 each.
Whether you are a seasoned collector or a new investor, these coins represent the pinnacle of numismatic achievement and offer a tangible link to the rich history of American coinage.
FAQs
1. What makes the 1907 Ultra High Relief Saint-Gaudens Double Eagle so valuable?
The 1907 Ultra High Relief Saint-Gaudens Double Eagle is valuable due to its limited production, stunning design by Augustus Saint-Gaudens, and historical significance. Its rarity in uncirculated condition contributes to its high market price.
2. Why is the 1884-S Morgan Silver Dollar worth $900,000?
The 1884-S Morgan Silver Dollar is rare in mint state, with fewer than 2,000 surviving. Its scarcity, combined with its condition, makes it highly desirable among collectors, driving its value to around $900,000.
3. How can I verify the authenticity of a rare gold or silver coin?
To verify authenticity, have your coin graded and certified by reputable agencies like PCGS or NGC. These organizations provide a standardized grading system and offer detailed information about the coin’s condition.
4. Where can I sell rare gold coins?
Rare gold coins can be sold through auction houses, coin dealers, or online marketplaces that specialize in numismatics. Always ensure you are working with a reputable buyer to get the best price.
5. Are rare coins a good investment?
Yes, rare coins can be a good investment, especially coins with historical significance, limited production, and high demand. However, like all investments, the market can fluctuate, so it is essential to stay informed.
References
- GBF News, Two Rare Gold Coins Worth $900,000
- Greysheet, Pre-1933 Gold Coin Values & Prices
- CoinValueChecker, 1884-S Morgan Silver Dollar
- Monex, Gold Coin Market Insights