HOW MANY OUNCES OF GOLD ARE IN A 1927 ST GAUDENS $20 GOLD COIN?
Design Specifications
Designer: Augustus Saint-Gaudens
Gross Weight: 33.346 grams
Net Weight: .96750 oz. pure gold
Composition: .900 gold, .100 copper
Diameter: 34 mm, reeded edge.
They are worth only the amount of BULLION plus a small premium. Coin dealers will usually only pay spot and then charge about a 4% to 6% premium should you wish to buy. On Feb 28, 2011 the coin is worth $1365 (spot gold at $1411/troy ounce). Expect to pay $1420 from a coin dealer. You can try offering him less knowing that he buys at spot. I would offer $1400.
Note that these coins are called Double Eagles, not Eagles. At that time the term "eagle" was an actual coin denomination, worth $10, so a $20 gold piece was a double eagle. The new silver and gold bullion coins minted since the 1980s are called "American Eagle" coins as a marketing name, but they have nothing to do with the old eagle-denominated gold pieces minted until 1933.
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