United States $20 St. Gaudens
Grade: Mint State 63 PCGS
Actual Gold Content: .9675 troy ounce
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Mint State (MS) 63 $20 St. Gaudens are an ideal gold investment for those seeking exposure to both the gold price itself, as well as additional upside potential through the possibility of premium expansion. Given that the $20 Saint Gaudens gold coins (1907-1932) were minted after the $20 Liberties (1851-1907), they are typically more affordable in higher conditional grades than $20 Liberties. MS63 St. Gaudens are the most popular option for investors looking to step up from raw uncirculated historic United States coinage to officially authenticated and individually encapsulated coins, but not pay significant added premiums to do so. According to PCGS (Professional Coin Grading Company), slightly less than 300,000 $20 Saint Gaudens gold coins exist in MS63, about the same number as MS64 $20 St. Gaudens. With such a similar populations, MS63 and MS64 grade Saint Gaudens usually trade closely in price.
The following graph displays a twenty year price performance history for the MS63 $20 St. Gaudens gold coins, along with the gold price.
MS63 $20 Saint Gaudens, like all graded $20 gold pieces, saw cycle lows in terms of their premiums to underlying gold value in 2019. Their highest rarity levels were achieved during past periods of elevated gold demand, like Y2K and the 2008/9 Financial Crisis. The graph below shows the twenty-year premium performance for the MS63 $20 St. Gaudens relative to its underlying gold content value. The premium as listed on the y (vertical)-axis should be read as a multiplier of the gold price. In other words, a coin premium of 2.00 is equal to double the gold price. Cycle lows have shown premiums on the MS63 $20 St. Gaudens as low as 1.12 (12%) over spot gold, while recent highs in 2009 saw premiums at 2x spot gold. Due to broad increases in physical gold demand over the past year, premiums on the MS63 $20 St. Gaudens have once again turned upward.