The New York Times ran an article this week entitled “Century Later, Gold Coin Reflects Sculptor’s Vision.
On Monday, the U.S. Mint released a new edition of the Double Eagle gold coins.
The $20 gold coins have been produced for over a century, with the first coin being converted in 1907. The new coin is based on the first 1907 coin that was designed by an American sculptor Augustus Saint-Gaudens. Saint-Gaudens was a friend of Teddy Roosevelt and was commissioned to design the coin.
The original Double Eagle coin design has a picture representing Liberty on the obverse with her torch raised and flowing hair with the Capitol dome behind her. The reverse of the coin shows an eagle flying into the sun. In 1908, Congress mandated that “In God We Trust” be added to the coins.
The coins are formed from 60 tons of pressure converting blank gold discs into “ultra-high-relief” coins at the U.S. Mint. The 1907 coins are highly rare and valuable. The Double Eagle is considered the most beautiful of the American coinage.
The new coins contain one ounce of 24-karat gold. They will be sold for only one year.
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