Wonder how much they will ask for this St Gaudens?

Apparently the mint is looking at a Saint repro! Wow!

http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=885

 

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I wonder where they are getting the authorization to create such a coin? It would require new legislation.

 

Mint Director can always request the legislation and hope Congress goes for it, same as the president. It would still have to be legislated of course, but he can still recommend such things.

 

Then they should be annoucing that they are going to seek legislation to create such a coin, not that they are going to produce it.

 

Sorry for these questions:

1. What is "... original ultra-high relief Liberty $20 Gold Piece". How will this ultra-high relief look and feel different than our current AGE? Pictures would be great.

2. How large is our current 1-oz AGE? The ultra-high relief is going to be 27 mm. Where can I get the specs for our coins? I used to know, but have forgotten. I searched the mint site and received whole bunch of other specs.

 

Try the Red Book.

 

Due to resource limitations, I do not subscribe to Red Book or other magazines. But thanks, I will find it in the library or my friend Google/Yahoo will help.

 

There are a few examples of the 1907 coin on ebay right now. They are very rare and very expensive

 

Just wondering that '08 may be the final year for the 24 kt piece which they may replace with the UHR Saint?

 

Per coinfacts.com it is 32.7 mm, 91.7% gold, and 33.93 grams.

 

Would it need authorization? Looks to me it's a replacement for the Buffalo 24K coin, or meant as a fractional to the 24K buffalo.

 

Wesleyscott & McNulty,

Thanks for the info!

 

I think the US mint is missing an opportunity by not doing more things like this. However, I would prefer that they use the exact same specifications and metal content as the original except for the date. I'd love to buy commemorative coins that were exact duplicates of seated liberty and morgan dollars except for a 2009 date, for example.

 

Looks like this has been approved now.
http://www.coinnews.net/2008/05/02/...audens-20-double-eagle-gold-coin-remake-4066/

The United States Mint announced on Friday that Secretary of the Treasury Henry Paulson has authorized the issuance of a 2009 version of the 1907 ultra-high relief Augustus Saint-Gaudens $20 Double Eagle coin.
According to the U.S. Mint, the 2009 legal tender Saint-Gaudens’ designed coin will be:

• Made of 24-karate gold,
• have an unlimited mintage for one year,
• released in only a one-ounce version,
• produced with a business-strike finish, and
• minted only in 2009

 

The mint will probably ask the same price as the Buffalo 1oz gold. Depending on the price of gold at the time of release, but based on todays values I would say around 1k.

 

Price

My guess is December spot, +15-20%, roughly.

 

I guess, no proofs....

I wonder if the mint will sell them directly to the public, or we go through their brokers.

 

From what I understand, these will be sold through the mint.

 

i read its gona be a fixed :deskrice.and that its not a bullion coin.
so if its a 1000 and gold drops alot, it will still be 1000, if gold goes higher, then they will probably melt them all down D::computer:

 

The mint never lowers their prices... just look at the Buffalo "bullion" they are selling. Sure they package it all nice and call it the "celebration" Buffalo, but all it is, is bullion. With the drop in gold, you would think the mint would drop their price also, but nope. I had to call the mint about an item and shared my displeasure with a CS rep about this very issue. He said the same thing, the mint never lowers prices because they don't like selling items below what other customers have already paid. He said that in his five years there he has only seen the mint drop their prices a few times and that was only for specialty items that the mint was trying to faze out or get rid of. He said that he has never seen any silver or gold coins drop their prices. Too bad.