20 Dollars, United States, 1927
date: label: date made
content: 1927
name: label: mint
content: U.S. Mint, Denver
label: designer
content: Saint-Gaudens, Augustus
notes: label: Description (Brief)
content: One (1) 20 dollar coin
label: Description (Brief)
content: United States, 1927
label: Description (Brief)
content: Obverse Image: Full-length Liberty holding a torch in her right hand and olive branch in left. Capitol Dome in lower left; rays of sun in background; stars around rim.
label: Description (Brief)
content: Obverse Text: LIBERTY / 1927 / D
label: Description (Brief)
content: Reverse Image: Eagle flying with sun behind.
label: Description (Brief)
content: Reverse Text: UNITED STATES OF AMERICA / TWENTY DOLLARS / IN GOD WE TRUST
label: Description (Brief)
content: Edge: E PLURIBUS UNUM divided by stars.
label: Description
content: Numismatic legends can be contrived, or they can be accidental-objects that never started as legends but became legendary due to unforeseen circumstances. Perhaps all but a few members of a given mintage were destroyed, or hoarded in unsettled times and never recovered. Under these circumstances, legendary status will be acquired years after the actual creation of the object.
label: Description
content: America's numismatic story embraces a number of accidental legends, but none, perhaps, is more fascinating than a double eagle, struck in Denver in 1927. When the 1927 Denver twenty-dollar gold piece was minted, there was absolutely nothing exceptional about the coin, or the circumstances of its creation.
label: Description
content: The United States was firmly on the gold standard. Gold was still being mined in Alaska and the West, and the United States branch mints at Denver and San Francisco were expected to turn the yellow metal into gold coins, which they did. That year saw Denver producing 180,000 double eagles-a decline from the figure for previous years, but a perfectly acceptable mintage.
label: Description
content: If matters had remained as they were when the coins were struck, they never would have become legendary. But matters did not remain the same. An economic downturn at the end of the 1920s turned into an economic collapse by the beginning of the 1930s; and a new President, Franklin Delano Roosevelt, decided to take the country off the gold standard as one more way of combating the Depression.
label: Description
content: Under the circumstances, most gold coins were called in and melted. Provisions were made for exempting collectibles, but few people thought of the recent gold issues as collectibles. So virtually all were turned in, the 1927 Denver double eagles along with the rest. And a once reasonably common twenty-dollar coin from Denver acquired legendary status. At present, this is one of fewer than a dozen that are known.
label: Location
content: Currently not on view
place: label: place of issue
content: United States
setName: label: See more items in
content: Work and Industry: National Numismatic Collection
label: See more items in
content: Coins
label: See more items in
content: Numismatics
label: See more items in
content: Coins, Currency and Medals
label: See more items in
content: Legendary Coins
publisher: label: Related Publication
content: Zoomable Image and Details
label: Related Publication
content: Glossary of Coins and Currency Terms
label: Related Web Publication
content: http://americanhistory.si.edu/coins/glossary.cfm
dataSource: label: Data Source
content: National Museum of American History
identifier: label: ID Number
content: 1984.1046.0812
label: catalog number
content: 1984.1046.0812
label: accession number
content: 1984.1046
objectType: label: Object Name
content: coin
physicalDescription: label: Physical Description
content: gold (overall metal)
label: Physical Description
content: 0 (overall die axis)
label: Physical Description
content: 0 (overall die axis measurement)
label: Physical Description
content: struck (overall production method)
label: Measurements
content: overall: 3.35 cm; 1 5/16 in