United States $20 St. Gaudens
Grade: Mint State 64
Actual Gold Content: .9675 troy ounce
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MS64 $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 Saint Gaudens gold cons were minted after Liberties, and are therefore newer and experienced less use and circulation, specimens from each conditional grade are a fair bit more common, and therefore more affordable, than a Liberty counterpart. MS 64 St. Gaudens are a common option for investors looking to step up slightly from raw uncirculated coinage but not pay significant added premiums. According to PCGS (Professional Coin Grading Company), slightly less than 300,000 $20 Saint Gaudens gold coins exist in MS64, about the same number as MS63 $20 St. Gaudens.
The following graph displays a twenty year price performance history for the MS64 $20 St. Gaudens, along with the gold price.
With such a similar populations, 63 and 64 grade Saint Gaudens are usually paired closely in price. MS63 $20 Saint Gaudens, like their counterparts, are near cycle lows in terms of their premiums to underlying gold value. Their highest rarity levels were achieved in the 1980’s and shouldn’t be necessarily expected to repeat. The graph below shows the twenty-year premium performance for the MS64 $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 is equal to double the gold price, and a coin premium of 4 is equal to 4 times the gold price. Cycle lows have shown premiums on the MS64 $20 St. Gaudens as low as 1.19 (19%) over gold, although just recently (April 2019) premiums dipped to just 15% over gold (the lowest premium ever recorded), while recent highs in 2009 saw premiums at 2.2x gold.